MyMD Pharmaceuticals Inc. (NASDAQ: MYMD) stock jumped 23.11% on Friday to $5.70 against a previous-day closing price of $4.63. With 1.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.17 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $5.86 whereas the lowest price it dropped to was $4.77. The 52-week range on MYMD shows that it touched its highest point at $9.95 and its lowest point at $1.88 during that stretch. Beta for the stock currently stands at 1.35.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MYMD was up-trending over the past week, with a rise of 46.91%, but this was up by 34.12% over a month. Three-month performance surged to 75.38% while six-month performance rose 30.73%. The stock gained 22.84% in the past year, while it has lost -5.94% so far this year.
Float and Shares Shorts:
At present, 38.12 million MYMD shares are outstanding with a float of 33.95 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.75 million, which was 1.97% higher than short shares on Jun 14, 2022. In addition to Dr. Christopher C. Chapman Jr., M.D. as the firm’s Pres, Chief Medical Officer & Director, Mr. Paul Rivard Esq. serves as its Exec. VP of Operations & Gen. Counsel.
Through their ownership of 13.81% of MYMD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.67% of MYMD, in contrast to 6.09% held by mutual funds. Shares owned by individuals account for 2.98%. As the largest shareholder in MYMD with 3.81% of the stake, The Vanguard Group, Inc. holds 1,448,373 shares worth 1,448,373. A second-largest stockholder of MYMD, Global X Management Co. LLC, holds 924,082 shares, controlling over 2.43% of the firm’s shares. Morgan Stanley Smith Barney LLC is the third largest shareholder in MYMD, holding 905,018 shares or 2.38% stake. With a 2.59% stake in MYMD, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 986,327 shares are owned by the mutual fund manager. The Global X Cannabis ETF, which owns about 2.43% of MYMD stock, is the second-largest Mutual Fund holder. It holds 924,082 shares valued at 2.01 million. Vanguard Extended Market Index Fu holds 1.08% of the stake in MYMD, owning 410,026 shares worth 0.89 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MYMD since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MYMD analysts setting a high price target of $1,536.00 and a low target of $1,536.00, the average target price over the next 12 months is $1,536.00. Based on these targets, MYMD could surge 26847.37% to reach the target high and rise by 26847.37% to reach the target low. Reaching the average price target will result in a growth of 26847.37% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MYMD will report FY 2017 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$130.56 being high and -$130.56 being low. For MYMD, this leads to a yearly average estimate of -$130.56. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is $23.04 and the low estimate is $23.04. The average estimate for the next quarter is thus $23.04.