While Myomo Inc has underperformed by -2.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MYO rose by 512.06%, with highs and lows ranging from $5.64 to $0.50, whereas the simple moving average jumped by 16.78% in the last 200 days.
On July 31, 2024, Craig Hallum started tracking Myomo Inc (AMEX: MYO) recommending Buy. A report published by Lake Street on May 20, 2024, Initiated its previous ‘Buy’ rating for MYO. H.C. Wainwright also rated MYO shares as ‘Buy’, setting a target price of $6.50 on the company’s shares in an initiating report dated December 15, 2023. ROTH Capital November 11, 2020d the rating to Buy on November 11, 2020, and set its price target from $5 to $7. Dougherty & Company initiated its ‘Buy’ rating for MYO, as published in its report on May 27, 2020. H.C. Wainwright’s report from October 02, 2017 suggests a price prediction of $12 for MYO shares, giving the stock a ‘Buy’ rating.
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Analysis of Myomo Inc (MYO)
Further, the quarter-over-quarter increase in sales is 8.93%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Myomo Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -90.97% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MYO is recording an average volume of 461.74K. On a monthly basis, the volatility of the stock is set at 11.59%, whereas on a weekly basis, it is put at 10.19%, with a loss of -13.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.83, showing growth from the present price of $4.08, which can serve as yet another indication of whether MYO is worth investing in or should be passed over.
How Do You Analyze Myomo Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.98%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 45.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MYO shares are owned by institutional investors to the tune of 45.24% at present.
