Myomo Inc Stock Analysis

MYO Stock  USD 5.00  0.41  8.93%   
Myomo Inc is overvalued with Real Value of 3.86 and Target Price of 3.31. The main objective of Myomo stock analysis is to determine its intrinsic value, which is an estimate of what Myomo Inc is worth, separate from its market price. There are two main types of Myomo's stock analysis: fundamental analysis and technical analysis.
The Myomo stock is traded in the USA on NYSE MKT Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Myomo is usually not traded on Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day. Myomo Stock trading window is adjusted to America/New York timezone.
  
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.

Myomo Stock Analysis Notes

About 14.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.27. Myomo Inc last dividend was issued on the 31st of January 2020. The entity had 1:30 split on the 31st of January 2020. Myomo, Inc., a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States. Myomo, Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts. Myomo operates under Medical Devices classification in the United States and is traded on AMEX Exchange. It employs 87 people. To find out more about Myomo Inc contact Paul Gudonis at 617-996-9058 or learn more at https://myomo.com.

Myomo Quarterly Total Revenue

3.75 Million

Myomo Inc Investment Alerts

Myomo Inc is way too risky over 90 days horizon
Myomo Inc appears to be risky and price may revert if volatility continues
The company reported the last year's revenue of 19.24 M. Reported Net Loss for the year was (8.15 M) with profit before taxes, overhead, and interest of 10.25 M.
Myomo Inc has about 5.35 M in cash with (6.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.46.
Roughly 14.0% of the company outstanding shares are owned by corporate insiders
Latest headline from MacroaxisInsider: Disposition of 145 shares by Kovelman Harry of Myomo at 4.69 subject to Rule 16b-3

Myomo Inc Upcoming and Recent Events

Earnings reports are used by Myomo to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period..
11th of March 2024
Upcoming Quarterly Report
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8th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
11th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
View

Myomo Largest EPS Surprises

Earnings surprises can significantly impact Myomo's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-03-07
2023-12-31-0.06-0.07-0.0116 
2023-08-09
2023-06-30-0.03-0.04-0.0133 
2023-05-10
2023-03-31-0.13-0.110.0215 
View All Earnings Estimates

Myomo Environmental, Social, and Governance (ESG) Scores

Myomo's ESG score is a quantitative measure that evaluates Myomo's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Myomo's operations that may have significant financial implications and affect Myomo's stock price as well as guide investors towards more socially responsible investments.

Myomo Thematic Classifications

In addition to having Myomo stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Medical Equipment Idea
Medical Equipment
USA Equities from Medical Equipment industry as classified by Fama & French

Myomo Market Capitalization

The company currently falls under 'Small-Cap' category with a total capitalization of 141.19 M.

Myomo Profitablity

The company has Net Profit Margin of (0.48) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (1.04) %, which entails that for every $100 of revenue, it lost $1.04.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.56)(0.59)
Return On Capital Employed(0.90)(0.95)
Return On Assets(0.56)(0.59)
Return On Equity(0.91)(0.95)

Management Efficiency

Myomo Inc has Return on Asset of (0.3904) % which means that on every $100 spent on assets, it lost $0.3904. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.9097) %, meaning that it generated no profit with money invested by stockholders. Myomo's management efficiency ratios could be used to measure how well Myomo manages its routine affairs as well as how well it operates its assets and liabilities. As of the 16th of July 2024, Return On Tangible Assets is likely to drop to -0.59. In addition to that, Return On Capital Employed is likely to drop to -0.95. At this time, Myomo's Net Tangible Assets are very stable compared to the past year. As of the 16th of July 2024, Non Currrent Assets Other is likely to grow to about 97 K, while Total Assets are likely to drop about 10.4 M.
Last ReportedProjected for Next Year
Book Value Per Share 0.30  0.29 
Tangible Book Value Per Share 0.30  0.29 
Enterprise Value Over EBITDA(18.35)(19.26)
Price Book Value Ratio 16.44  17.26 
Enterprise Value Multiple(18.35)(19.26)
Price Fair Value 16.44  17.26 
Enterprise Value141.5 M148.6 M
The analysis of Myomo's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Myomo's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Myomo Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Operating Margin
(1.04)
Profit Margin
(0.48)
Beta
1.555
Return On Assets
(0.39)
Return On Equity
(0.91)

Technical Drivers

As of the 16th of July 2024, Myomo secures the Risk Adjusted Performance of 0.0767, downside deviation of 4.36, and Mean Deviation of 4.78. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Myomo Inc, as well as the relationship between them.

Myomo Inc Price Movement Analysis

Execute Study
The output start index for this execution was nine with a total number of output elements of fifty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Myomo middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Myomo Inc. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Myomo Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Myomo insiders, such as employees or executives, is commonly permitted as long as it does not rely on Myomo's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Myomo insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Myomo Outstanding Bonds

Myomo issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Myomo Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Myomo bonds can be classified according to their maturity, which is the date when Myomo Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Myomo Predictive Daily Indicators

Myomo intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Myomo stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Myomo Corporate Filings

8K
15th of July 2024
Report filed with the SEC to announce major events that shareholders should know about
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13A
11th of July 2024
An amended filing to the original Schedule 13G
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8K
8th of July 2024
Report filed with the SEC to announce major events that shareholders should know about
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F4
2nd of July 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
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F4
12th of June 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
7th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
5th of June 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
13A
4th of June 2024
An amended filing to the original Schedule 13G
ViewVerify

Myomo Forecast Models

Myomo's time-series forecasting models are one of many Myomo's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Myomo's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Myomo Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Myomo prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Myomo shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Myomo. By using and applying Myomo Stock analysis, traders can create a robust methodology for identifying Myomo entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(0.42)(0.44)
Operating Profit Margin(0.43)(0.45)
Net Loss(0.42)(0.44)
Gross Profit Margin 0.69  0.77 

Current Myomo Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Myomo analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Myomo analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
3.31Strong Buy5Odds
Myomo Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Myomo analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Myomo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Myomo Inc, talking to its executives and customers, or listening to Myomo conference calls.
Myomo Analyst Advice Details

Myomo Stock Analysis Indicators

Myomo Inc stock analysis indicators help investors 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 understating and applying Myomo stock analysis, traders can identify Myomo position entry and exit signals to maximize returns.
Begin Period Cash Flow5.3 M
Total Stockholder EquityM
Capital Lease Obligations601.3 K
Property Plant And Equipment Net839.3 K
Cash And Short Term Investments8.9 M
Net Invested CapitalM
Cash6.9 M
50 Day M A3.5928
Net Interest Income342.8 K
Total Current Liabilities5.5 M
Investments-4.3 M
Stock Based Compensation1.1 M
Common Stock Shares Outstanding29.5 M
Tax Provision61.9 K
Free Cash Flow-6.3 M
Other Current Assets598.9 K
Accounts Payable1.1 M
Net Debt-6.3 M
Depreciation517.7 K
Other Operating Expenses27.5 M
Non Current Assets Total930.6 K
Liabilities And Stockholders Equity14.6 M
Home CategoryDomestic
Non Currrent Assets Other91.2 K

Additional Information and Resources on Investing in Myomo Stock

When determining whether Myomo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Myomo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Myomo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Myomo Inc Stock:
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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
(0.27)
Revenue Per Share
0.679
Quarterly Revenue Growth
0.089
Return On Assets
(0.39)
Return On Equity
(0.91)
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.