Mynaric AG ADR (NASDAQ: MYNA): Do Not Miss The Gain Train

Mynaric AG ADR (MYNA) concluded trading on Thursday at a closing price of $1.28, with 2.95 million shares of worth about $3.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -72.94% during that period and on September 19, 2024 the price saw a gain of about 17.43%. Currently the company’s common shares owned by public are about 24.93M shares.

Stock saw a price change of 81.23% in past 5 days and over the past one month there was a price change of -30.05%. Year-to-date (YTD), MYNA shares are showing a performance of -78.09% which decreased to -73.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.66 but also hit the highest price of $7.58 during that period. The average intraday trading volume for Mynaric AG ADR shares is 139.26K. The stock is currently trading 37.19% above its 20-day simple moving average (SMA20), while that difference is down -53.36% for SMA50 and it goes to -71.34% lower than SMA200.

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Mynaric AG ADR (NASDAQ: MYNA) currently have 24.93M outstanding shares and institutions hold larger chunk of about 12.61% of that.

The stock has a current market capitalization of $31.91M and its 3Y-monthly beta is at 1.39. It has posted earnings per share of -$4.15 in the same period. It has Quick Ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MYNA, volatility over the week remained 26.10% while standing at 13.44% over the month.

Analysts are in expectations that Mynaric AG ADR (MYNA) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is -7.12 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 26.66% while it is estimated to increase by 34.48% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on October 12, 2022 offering an Outperform rating for the stock and assigned a target price of $10 to it. Coverage by Jefferies stated Mynaric AG ADR (MYNA) stock as a Buy in their note to investors on December 07, 2021, suggesting a price target of $23 for the stock.

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