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Sunday, December 3, 2023

Myomo Inc (MYO) Is Not Likely To Be The Same Tomorrow

After Hours

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. After-hours trades for Myomo Inc (MYO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -1.31%, to $3.02. The Myomo Inc has recorded 167 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Myomo Reports Third Quarter 2023 Financial Results Featuring Record Product Revenue and Authorizations.

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Stocks Info

Myomo Inc is listed on the AMEX in the Healthcare sector while operating in the Medical Devices industry. The current market capitalization of Myomo Inc is $81.15M. A total of 0.71 million shares were traded on the day, compared to an average of 482.05K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MYO has seen 6 BUY and 2 SELL insider trades, representing the acquisition of 192,899 and the disposition of 248 shares. Over the last 12 months, there were 25 BUYs and 12 SELLs from insiders. Insiders purchased 1,450,625 shares during that period but sold 6,889.

In the most recent transaction, Morris Milton Mayo bought 15,000 shares of MYO for 1.06 per share on Sep 08. After the transaction, the Director now owns 77,933 company shares. In a previous transaction on Aug 30, GUDONIS PAUL R bought 48,400 shares at 0.74 per share. MYO shares that Chief Executive Officer owns now total 878,245.

Among the insiders who bought shares, GUDONIS PAUL R acquired of 37,000 shares on Aug 29 at a per-share price of $0.78. This resulted in the Chief Executive Officer holding 829,845 shares of MYO after the transaction. In another insider transaction, HENRY DAVID A bought 41,666 shares at $0.60 per share on Aug 29. Company shares held by the Chief Financial Officer now total 352,193.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MYO in the last 3 months, the mean price target is $3.95 with high estimates of $5.00 and low estimates of $2.25. In terms of 52-week highs and lows, MYO has a high of $3.21 and a low of $0.37.

As of this writing, MYO has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.04 in the last quarter, which was -33.30% lower than expectations of -$0.03.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MYO’s latest balance sheet shows that the firm has $15.52M in Cash & Short Term Investments as of fiscal 2021. There were $735.00k in debt and $4.28M in liabilities at the time. Its Book Value Per Share was $0.42, while its Total Shareholder’s Equity was $15.41M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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.

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