Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Myomo Inc shares valued at $165,018 were sold by Kovelman Harry on Mar 12 ’25. At $5.50 per share, Kovelman Harry sold 30,000 shares. The insider’s holdings dropped to 97,973 shares worth approximately $0.5 million following the completion of this transaction.
Also, Micah Mitchell purchased 1,283 shares, netting a total of over 6,697 in proceeds.
Before that, David Henry had added 2,019 shares to its account. In a trade valued at $10,539, the Officer bought Myomo Inc shares for $5.22 each.
As published in their initiating research note from Craig Hallum on July 31, 2024, Myomo Inc [MYO] has been a Buy and the price target has been revised to $7. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of December 15, 2023, H.C. Wainwright has initiated its “Buy” rating for MYO. Earlier on November 11, 2020, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for MYO stock which previously was a “a Neutral”.
Analyzing MYO Stock Performance
During the last five days, there has been a surge of approximately 14.45%. Over the course of the year, Myomo Inc shares have dropped approximately -21.27%. Shares of the company reached a 52-week high of $7.17 on 01/07/25 and a 52-week low of $4.12 on 03/10/25. A 50-day SMA is recorded $5.84, while a 200-day SMA reached $4.68.
Support And Resistance Levels for Myomo Inc (MYO)
According to the 24-hour chart, there is a support level at 4.87, which, if violated, would cause prices to drop to 4.66. In the upper region, resistance lies at 5.37. The next price resistance is at 5.67. RSI (Relative Strength Index) is 46.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 56.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
