Myomo Inc Stock Price on October 22, 2024
| MYO Stock | USD 5.22 0.05 0.95% |
Below is the normalized historical share price chart for Myomo Inc extending back to June 12, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Myomo stands at 5.22, as last reported on the 29th of November, with the highest price reaching 5.39 and the lowest price hitting 5.08 during the day.
If you're considering investing in Myomo Stock, it is important to understand the factors that can impact its price. Myomo appears to be relatively risky, given 3 months investment horizon. Myomo Inc has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Myomo's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please exercise Myomo's Mean Deviation of 2.75, risk adjusted performance of 0.0998, and Downside Deviation of 3.86 to check out if our risk estimates are consistent with your expectations.
At this time, Myomo's Common Stock Shares Outstanding is very stable compared to the past year. As of the 29th of November 2024, Common Stock is likely to grow to 2,851, while Total Stockholder Equity is likely to drop about 4.9 M. . At this time, Myomo's Price Book Value Ratio is very stable compared to the past year. As of the 29th of November 2024, Price To Book Ratio is likely to grow to 17.26, while Price To Sales Ratio is likely to drop 7.30. Myomo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of June 2017 | 200 Day MA 3.811 | 50 Day MA 4.1808 | Beta 1.555 |
Myomo |
Sharpe Ratio = 0.1412
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Estimated Market Risk
| 3.79 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Myomo is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Myomo by adding it to a well-diversified portfolio.
Price Book 16.9907 | Enterprise Value Ebitda (0.82) | Price Sales 6.2555 | Shares Float 15.3 M | Wall Street Target Price 7.3333 |
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Myomo Valuation on October 22, 2024
It is possible to determine the worth of Myomo on a given historical date. On October 22, 2024 Myomo was worth 3.65 at the beginning of the trading date compared to the closed value of 3.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Myomo stock. Still, in general, we apply an absolute valuation method to find Myomo's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Myomo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Myomo's related companies.
| Open | High | Low | Close | Volume | |
| 3.73 | 3.76 | 3.63 | 3.72 | 101,418 | |
10/22/2024 | 3.65 | 3.76 | 3.65 | 3.73 | 78,708 |
| 3.70 | 3.80 | 3.67 | 3.75 | 75,443 |
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Myomo Trading Date Momentum on October 22, 2024
| On October 23 2024 Myomo Inc was traded for 3.75 at the closing time. Highest Myomo's price during the trading hours was 3.80 and the lowest price during the day was 3.67 . The net volume was 75.4 K. The overall trading history on the 23rd of October contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 0.54% . The trading delta at closing time to current price is 1.61% . |
Myomo Inc Fundamentals Correlations and Trends
By evaluating Myomo's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Myomo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Myomo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Myomo Stock history
Myomo investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Myomo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Myomo Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Myomo stock prices may prove useful in developing a viable investing in Myomo
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 29.5 M | 31 M | |
| Net Loss | -9.6 M | -10.1 M |
Myomo Quarterly Net Working Capital |
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Myomo Stock Technical Analysis
Myomo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Myomo Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Myomo Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Myomo November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Myomo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myomo shares will generate the highest return on investment. By undertsting and applying Myomo stock market strength indicators, traders can identify Myomo Inc entry and exit signals to maximize returns
Myomo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Myomo's price direction in advance. Along with the technical and fundamental analysis of Myomo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Myomo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0998 | |||
| Jensen Alpha | 0.2706 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0969 | |||
| Treynor Ratio | 0.2582 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myomo. If investors know Myomo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 0.835 | Quarterly Revenue Growth 0.813 | Return On Assets (0.31) | Return On Equity (0.83) |
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myomo's market value can be influenced by many factors that don't directly affect Myomo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.