Investors in cash trouble should check out Myomo Inc. (MYO)

Myomo Inc. (AMEX: MYO) stock fell -2.79% on Monday to $0.47 against a previous-day closing price of $0.48. With 1.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.12 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $0.5230 whereas the lowest price it dropped to was $0.4701. The 52-week range on MYO shows that it touched its highest point at $8.29 and its lowest point at $0.37 during that stretch. It currently has a 1-year price target of $5.53. Beta for the stock currently stands at 0.92.

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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 MYO was up-trending over the past week, with a rise of 4.47%, but this was up by 4.47% over a month. Three-month performance dropped to -67.69% while six-month performance fell -74.73%. The stock lost -94.33% in the past year, while it has lost -8.08% so far this year. A look at the trailing 12-month EPS for MYO yields -1.73 with Next year EPS estimates of -0.69. For the next quarter, that number is -0.42. This implies an EPS growth rate of 48.60% for this year and 57.40% for next year. EPS is expected to decline by -0.47% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 56.70%.

Float and Shares Shorts:

At present, 7.06 million MYO shares are outstanding with a float of 6.84 million shares on hand for trading. On Dec 29, 2022, short shares totaled 0.87 million, which was 12.39% higher than short shares on Nov 29, 2022. In addition to Mr. Paul R. Gudonis as the firm’s Chairman, Pres & CEO, Mr. David A. Henry serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 47.73% of MYO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 49.52% of MYO, in contrast to 2.91% held by mutual funds. Shares owned by individuals account for 12.27%. As the largest shareholder in MYO with 28.35% of the stake, AIGH Capital Management LLC holds 2,000,000 shares worth 2,000,000. A second-largest stockholder of MYO, Rosalind Advisors, Inc., holds 553,290 shares, controlling over 7.84% of the firm’s shares. Must Asset Management Inc. is the third largest shareholder in MYO, holding 461,862 shares or 6.55% stake. With a 1.19% stake in MYO, the Bridgeway Ultra Small Company Fun is the largest stakeholder. A total of 83,910 shares are owned by the mutual fund manager. The Bridgeway Ultra Small Company Mar, which owns about 0.80% of MYO stock, is the second-largest Mutual Fund holder. It holds 56,600 shares valued at 28923.0. Fidelity Extended Market Index Fu holds 0.41% of the stake in MYO, owning 28,817 shares worth 14725.0.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, MYO reported revenue of $3.68M and operating income of -$2.89M. The EBITDA in the recently reported quarter was -$2.72M and diluted EPS was -$0.42.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MYO since 3 analysts follow the stock currently. There are 3 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 MYO analysts setting a high price target of $9.00 and a low target of $3.50, the average target price over the next 12 months is $5.53. Based on these targets, MYO could surge 1814.89% to reach the target high and rise by 644.68% to reach the target low. Reaching the average price target will result in a growth of 1076.6% 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. MYO will report FY 2022 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of -$1.59 being high and -$1.65 being low. For MYO, this leads to a yearly average estimate of -$1.62. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Myomo Inc. surprised analysts by $0.04 when it reported -$0.40 EPS against a consensus estimate of -$0.43. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.38 and the low estimate is -$0.44. The average estimate for the next quarter is thus -$0.42.

Summary of Insider Activity:

Insiders traded MYO stock several times over the past three months with 3 Buys and 3 Sells. In these transactions, 9,666 shares were bought while 390 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 223,176 while 21,691 shares were sold.

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