Is Myomo Inc (AMEX: MYO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted CMS Posts Final Medicare DMEPOS Fee Schedule Rate for the MyoPro®.

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Stocks Info

This AMEX-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $3.97 and fluctuated between $4.1899 as its day high and $3.8200 as its day low. The current market capitalization of Myomo Inc is $105.28M. A total of 0.52 million shares were traded on the day, compared to an average of 621.17K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MYO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 9 SELLs from insiders. Insiders purchased 1,040,960 shares during that period but sold 6,483.

In the most recent transaction, KIRK THOMAS F bought 50,000 shares of MYO for 3.10 per share on Nov 20. After the transaction, the Director now owns 136,499 company shares. In a previous transaction on Sep 08, Morris Milton Mayo bought 15,000 shares at 1.06 per share. MYO shares that Director owns now total 77,933.

Among the insiders who bought shares, GUDONIS PAUL R acquired of 48,400 shares on Aug 30 at a per-share price of $0.74. This resulted in the Chief Executive Officer holding 878,245 shares of MYO after the transaction. In another insider transaction, GUDONIS PAUL R bought 37,000 shares at $0.78 per share on Aug 29. Company shares held by the Chief Executive Officer now total 829,845.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MYO has a high of $5.58 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 4 estimates, with a high estimate of -$0.05 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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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