Mynaric AG ADR (NASDAQ: MYNA) is -91.10% lower on its value in year-to-date trading and has touched a low of $0.32 and a high of $6.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MYNA stock was last observed hovering at around $0.44 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $0.50, the stock is -35.77% and -55.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.88 million and changing 13.73% at the moment leaves the stock -83.59% off its SMA200. MYNA registered -92.31% loss for a year compared to 6-month loss of -86.84%. The firm has a 50-day simple moving average (SMA 50) of $1.1344 and a 200-day simple moving average (SMA200) of $3.06489.
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The stock witnessed a -62.04% gain in the last 1 month and extending the period to 3 months gives it a -65.10%, and is 8.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.61% over the week and 22.55% over the month.
Profit margin for the company is -1736.02%. Distance from 52-week low is 53.85% and -92.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-304.74%).
The EPS is expected to grow by 37.19% this year, but quarterly earnings will post 198.29% year-over-year.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 0.49 million shares valued at $2.04 million. The investor’s holdings represent 8.0896 of the MYNA Shares outstanding. As of 2024-06-30, the second largest holder is MOORE CAPITAL MANAGEMENT, LP with 0.33 million shares valued at $1.33 million to account for 5.4607 of the shares outstanding. The other top investors are JANE STREET GROUP, LLC which holds 22811.0 shares representing 0.3775 and valued at over $88586.0, while POINT72 ASSET MANAGEMENT, L.P. holds 0.3467 of the shares totaling 20953.0 with a market value of $87374.0.
