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Wednesday, February 8, 2023

Investors’ Patience Is Being Tested Right Now By Myomo Inc. (AMEX: MYO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Myomo Inc. (MYO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 2.27%, to $0.45. The Myomo Inc. has recorded 8,812 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Myomo Announces Closing of $6.5 Million Upsized Public Offering.

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Stocks Info

Myomo Inc. is listed on the AMEX as a member of the Healthcare sector and is a part of the Medical Devices industry. At the end of the last regular session, the stock closed at $0.44 and fluctuated between $0.4700 as its day high and $0.4101 as its day low. The current market capitalization of Myomo Inc. is $2.74M. A total of 0.75 million shares were traded on the day, compared to an average of 1.05M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MYO has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 9,666 and the disposition of 251 shares. Over the last 12 months, there were 13 BUYs and 17 SELLs from insiders. Insiders purchased 223,176 shares during that period but sold 21,552.

In the most recent transaction, Mitchell Micah bought 15,384 shares of MYO for 0.33 per share on Jan 17. After the transaction, the Chief Commerical Officer now owns 64,815 company shares. In a previous transaction on Jan 17, HENRY DAVID A bought 76,923 shares at 0.33 per share. MYO shares that Chief Financial Officer owns now total 163,527.

Among the insiders who bought shares, GUDONIS PAUL R acquired of 307,692 shares on Jan 17 at a per-share price of $0.33. This resulted in the Chief Executive Officer holding 483,345 shares of MYO after the transaction. In another insider transaction, HENRY DAVID A bought 9,000 shares at $0.55 per share on Nov 22. Company shares held by the Chief Financial Officer now total 86,604.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MYO in the last 3 months, the mean price target is $5.53 with high estimates of $9.00 and low estimates of $3.50. In terms of 52-week highs and lows, MYO has a high of $8.60 and a low of $0.37.

As of this writing, MYO has an earnings estimate of -$0.43 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.38 per share and a lower estimate of -$0.53. The company reported an EPS of -$0.41 in the last quarter, which was 22.60% higher than expectations of -$0.53.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MYO is Buy with a score of 5.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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