Myomo Inc (AMEX:MYO) shares traded -1.00% lower at $6.92 on Wall Street last session.
MYO stock price is now 27.16% away from the 50-day moving average and 65.28% away from the 200-day moving average. The market capitalization of the company currently stands at $230.06M.
With the price target of $7, Craig Hallum recently initiated with Buy rating for Myomo Inc (AMEX: MYO). On May 20, 2024, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $7, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Harry Kovelman, Officer bought 121 shares of the company’s stock on Nov 04 ’24. The stock was bought for $448 at an average price of $3.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03 ’24, Officer Harry Kovelman bought 121 shares of the business’s stock. A total of $467 was incurred on buying the stock at an average price of $3.86. A total of 7.12% of the company’s stock is owned by insiders.
During the past 12 months, Myomo Inc has had a low of $2.51 and a high of $7.17. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 2.10, and a quick ratio of 1.62. The fifty day moving average price for MYO is $5.3786 and a two-hundred day moving average price translates $4.1701 for the stock.
The latest earnings results from Myomo Inc (AMEX: MYO) was released for 2024-09-30. The net profit margin was -33.22% and return on equity was -82.54% for MYO. The company reported revenue of $9.21 million for the quarter, compared to $5.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 81.26 percent. For the current quarter, analysts expect MYO to generate $9.9M in revenue.
