A share price of Myomo Inc [MYO] is currently trading at $6.31, up 5.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MYO shares have gain 8.05% over the last week, with a monthly amount drifted -2.62%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Myomo Inc [AMEX: MYO] stock has seen the most recent analyst activity on July 31, 2024, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $7. Previously, Lake Street started tracking the stock with Buy rating on May 20, 2024, and set its price target to $7. On December 15, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $6.50 on the stock. ROTH Capital upgraded its rating to a Buy and increased its price target to $7 on November 11, 2020. Dougherty & Company initiated its recommendation with a Buy and recommended $8.50 as its price target on May 27, 2020. H.C. Wainwright started tracking with a Buy rating for this stock on October 02, 2017, and assigned it a price target of $12.
Myomo Inc experienced fluctuations in its stock price throughout the past year between $2.51 and $7.17. Currently, Wall Street analysts expect the stock to reach $6.58 within the next 12 months. Myomo Inc [AMEX: MYO] shares were valued at $6.31 at the most recent close of the market. An investor can expect a potential return of 4.28% based on the average MYO price forecast.
Analyzing the MYO fundamentals
Trailing Twelve Months sales for Myomo Inc [AMEX:MYO] were 25.24M which represents 81.27% growth. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.51, Equity is -0.86 and Total Capital is -0.9. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.09 points at the first support level, and at 5.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.44, and for the 2nd resistance point, it is at 6.58.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Myomo Inc [AMEX:MYO] is 2.10. Further, the Quick Ratio stands at 1.62, while the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 8.31, the price to book ratio is 20.54.
Transactions by insiders
Recent insider trading involved Harry Kovelman, Officer, that happened on Nov 04 ’24 when 121.0 shares were purchased. Officer, Harry Kovelman completed a deal on Oct 03 ’24 to buy 121.0 shares. Meanwhile, Chief Medical Officer Kovelman Harry sold 6700.0 shares on Sep 05 ’24.
