Myomo Inc. (AMEX:MYO) went up by 0.55% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Medical Devices giant went up by $3.66 to trade ended Thursday trading at $3.64. This is up from the $3.64 price recorded on Wednesday’s trading session. Thanks to this latest performance, MYO is closer to the higher price 52-week target of $12.00 and further from the lowest price target of $5.00. Its performance from the start of the year has also been negative, with MYO down by -59.44% year-to-date.
Myomo Inc. (MYO) started the day trading at $3.65 and recorded an intraday high of $3.69. It also recorded an intraday low of $3.58 during Thursday’s trading session. Myomo Inc. is a very active stock that recorded a trading volume that is less than -214.32% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 116227, which is less than -214.32 of the total average daily trading volume of 365.33K.
Myomo Inc. (AMEX:MYO) 2020 Performance Impressive
The increase in MYO’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MYO currently stands at $40.00, which is higher than the current trading price of the stock by 90.85%. However, MYO’s current trading price is -29.79% lower than the 52-week low price of $2.82. In terms of trading volume, Myomo Inc. currently experienced healthy participation during the last trading session. 116227 shares of Myomo Inc. were traded on the stock exchange on Thursday, which is less than -214.32% of the 365.33K average trading volume of the stock.
The performance of the stock has been positive over the past year. MYO’s performance over the past one year has seen it plunge by -82.81%, while the stock has gone down by -56.58% in the last six months. The quarterly performance of MYO currently stands at 8.93%, and it is down by -1.08% in the last month. The only negative figure was from the weekly performance, which currently reads -4.94%. At the time of writing MYO’s report, the company has a total market cap of $10.72M, making it one of the largest publicly-traded companies in the world.Myomo Inc. also has over 49 employees all over the world.
MYO Insider Activities
For Myomo Inc., insiders hold 12.90% of all company shares. The insider transactions over the past six months are up by 33.80%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Myomo Inc. now hold 62.03k shares, which is over 6.95% of the total company stocks. Institutional investors currently hold a large chunk of the MYO shares, as they control 2.20% of the company’s total stock.
MYO Fundamental Analysis
For Myomo Inc., the stock’s diluted earnings per share (EPS) stands at -16.70. In the coming year, analysts expect the EPS to be -2.66. The stock’s EPS growth this year is 23.20%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Myomo Inc.’s quarterly sales (YOY) is shrinking at -1.28, which is lower than the average annual revenue of 26.10% over the past half a decade.
The Return on Investment (ROI) on Myomo Inc.’s stock currently stands at -239.90%. The gross margin of the company is 73.60%.
MYO Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MYO currently stands at -2.14%, while the SMA50 is -6.96%. The biggest one is the SMA200, which is currently reading -62.50% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 42.66.
