With 1.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.16 million shares. The 52-week range on MYGN shows that it touched its highest point at $29.30 and its lowest point at $9.36 during that stretch. It currently has a 1-year price target of $17.03. Beta for the stock currently stands at 1.84.
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 MYGN was down-trending over the past week, with a drop of -1.63%, but this was down by -17.41% over a month. Three-month performance dropped to -37.35% while six-month performance fell -61.99%. The stock lost -55.06% in the past year, while it has lost -25.24% so far this year. A look at the trailing 12-month EPS for MYGN yields -1.40 with Next year EPS estimates of 0.24. For the next quarter, that number is -0.05. This implies an EPS growth rate of -69.92% for this year and 477.54% for next year.
Float and Shares Shorts:
At present, 91.30 million MYGN shares are outstanding with a float of 87.76 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MYGN since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.15234 being high and $0.12187 being low. For MYGN, this leads to a yearly average estimate of $0.13203. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is -$0.06. The average estimate for the next quarter is thus $0.02.
