Myomo Inc (AMEX:MYO) price on Friday, April 11, rose 3.26% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.43.
A look at the stock’s price movement, the close in the last trading session was $4.29, moving within a range at $4.01 and $4.46. The beta value (5-Year monthly) was 1.543. Turning to its 52-week performance, $7.17 and $2.51 were the 52-week high and 52-week low respectively. Overall, MYO moved -12.62% over the past month.
Myomo Inc’s market cap currently stands at around $152.31 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-09.
Analysts have a consensus estimate of 9.22M for the company’s revenue for the quarter, with a low and high estimate of 8.9M and 9.6M respectively. The average forecast suggests up to a 145.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 50.74M, representing a 55.88% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MYO is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend MYO as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MYO’s current price about -10.17% and -16.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.53, while 7-day volatility ratio is 12.61% and 6.86% in the 30-day chart. Further, Myomo Inc (MYO) has a beta value of 1.64, and an average true range (ATR) of 0.40. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $11 and high of $11. Looking at the price targets, the low is -148.31% off current price level while to achieve the yearly target high, price needs to move -148.31%. Nonetheless, investors will most likely welcome a -148.31% jump to $11 which is the analysts’ median price.
If we refocus on Myomo Inc (AMEX:MYO), historical trading data shows that trading volumes averaged 0.37 over the past 10 days and 422.29K over the past 3 months. The company’s latest data on shares outstanding shows there are 34.38 million shares.
The 6.49% of Myomo Inc’s shares are in the hands of company insiders while institutional holders own 50.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.94 million on 2025-03-14, giving us a short ratio of 1.51. The data shows that as of 2025-03-14 short interest in Myomo Inc (MYO) stood at 282.99998 of shares outstanding, with shares short rising to 0.7 million registered in 2025-02-14. Current price change has pushed the stock -31.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MYO stock continues to rise going into the next quarter.
