Myomo Inc (AMEX: MYO) is 7.45% higher on its value in year-to-date trading and has touched a low of $2.51 and a high of $7.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MYO stock was last observed hovering at around $6.99 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $6.92, the stock is 9.18% and 27.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing -1.00% at the moment leaves the stock 65.28% off its SMA200. MYO registered 39.24% gain for a year compared to 6-month gain of 38.40%. The firm has a 50-day simple moving average (SMA 50) of $5.3786 and a 200-day simple moving average (SMA200) of $4.1701.
The stock witnessed a 14.95% loss in the last 1 month and extending the period to 3 months gives it a 76.08%, and is 7.45% 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 6.10% over the week and 7.05% over the month.
Myomo Inc (MYO) has around 106 employees, a market worth around $230.06M and $25.24M in sales. Profit margin for the company is -33.22%. Distance from 52-week low is 175.61% and -3.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-89.94%).
The EPS is expected to grow by 35.71% this year
48.0 institutions hold shares in Myomo Inc (MYO), with institutional investors hold 48.98% of the company’s shares. The shares outstanding are 33.25M, and float is at 30.88M with Short Float at 2.37%. Institutions hold 46.24% of the Float.
The top institutional shareholder in the company is AIGH CAPITAL MANAGEMENT LLC with over 2.92 million shares valued at $9.37 million. The investor’s holdings represent 7.9396 of the MYO Shares outstanding. As of 2024-06-30, the second largest holder is HERR INVESTMENT GROUP LLC with 2.85 million shares valued at $9.14 million to account for 7.7439 of the shares outstanding. The other top investors are ROSALIND ADVISORS, INC. which holds 2.66 million shares representing 7.2512 and valued at over $8.55 million, while VANGUARD GROUP INC holds 3.2817 of the shares totaling 1.21 million with a market value of $3.87 million.
Myomo Inc (MYO) Insider Activity
Still, SEC filings show that on Sep 05 ’24, Kovelman Harry (Chief Medical Officer) disposed off 6,700 shares at an average price of $3.76 for $25183.0. The insider now directly holds 123,556 shares of Myomo Inc (MYO).
