Currently, there are 34.44M common shares owned by the public and among those 33.51M shares have been available to trade.
The company’s stock has a 5-day price change of -12.89% and -42.41% over the past three months. MYO shares are trading -51.71% year to date (YTD), with the 12-month market performance down to -19.43% lower. It has a 12-month low price of $2.76 and touched a high of $7.17 over the same period. MYO has an average intraday trading volume of 529.32K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.78%, -29.98%, and -35.27% respectively.
Institutional ownership of Myomo Inc (AMEX: MYO) shares accounts for 52.52% of the company’s 34.44M shares outstanding.
It has a market capitalization of $111.89M and a beta (3y monthly) value of 1.55. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.71% over the week and 8.83% over the month.
Analysts forecast that Myomo Inc (MYO) will achieve an EPS of -0.11 for the current quarter, -0.03 for the next quarter and 0.06 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.12 while analysts give the company a high EPS estimate of -0.12. Comparatively, EPS for the current quarter was -0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 2.50%, and 132.05% over the next financial year.
Looking at the support for the MYO, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on July 31, 2024, with the firm’s price target at $7. Lake Street coverage for the Myomo Inc (MYO) stock in a research note released on May 20, 2024 offered a Buy rating with a price target of $7. H.C. Wainwright was of a view on December 15, 2023 that the stock is Buy, while ROTH Capital gave the stock Buy rating on November 11, 2020, issuing a price target of $5- $7. Dougherty & Company on their part issued Buy rating on May 27, 2020.
