Myomo Inc’s filing revealed that its Director KIRK THOMAS F acquired Company’s shares for reported $0.17 million on Mar 14 ’24. In the deal valued at $3.50 per share,50,000 shares were bought. As a result of this transaction, KIRK THOMAS F now holds 186,499 shares worth roughly $0.58 million.
Then, KIRK THOMAS F bought 50,000 shares, generating $155,000 in total proceeds. Upon buying the shares at $3.10, the Director now owns 136,499 shares.
Before that, Morris Milton Mayo bought 15,000 shares. Myomo Inc shares valued at $15,867 were divested by the Director at a price of $1.06 per share. As a result of the transaction, Morris Milton Mayo now holds 77,933 shares, worth roughly $0.24 million.
H.C. Wainwright initiated its Myomo Inc [MYO] rating to a Buy in a research note published on December 15, 2023; the price target was $6.50. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. Dougherty & Company began covering MYO with “Buy” recommendation on May 27, 2020. H.C. Wainwright started covering the stock on October 02, 2017. It rated MYO as “a Buy”.
Price Performance Review of MYO
On Tuesday, Myomo Inc [AMEX:MYO] saw its stock fall -0.32% to $3.13. Over the last five days, the stock has gained 3.30%. Myomo Inc shares have fallen nearly -37.52% since the year began. Nevertheless, the stocks have risen 385.27% over the past one year. While a 52-week high of $5.58 was reached on 01/02/24, a 52-week low of $0.37 was recorded on 02/26/24. SMA at 50 days reached $3.38, while 200 days put it at $2.33. A total of 0.23 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For MYO Stock
The 24-hour chart illustrates a support level at 3.02, which if violated will result in even more drops to 2.92. On the upside, there is a resistance level at 3.34. A further resistance level may holdings at 3.56. The Relative Strength Index (RSI) on the 14-day chart is 44.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.31%. Stochastics %K at 17.26% indicates the stock is a buying.
How much short interest is there in Myomo Inc?
A steep rise in short interest was recorded in Myomo Inc stocks on Mar 15, 2024, growing by 56850.0 shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.55 million shares. There was a rise of 9.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.17% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.69.
