A new trading day began on Tuesday, with Myriad Genetics, Inc (NASDAQ: MYGN) stock price up 2.93% from the previous day of trading, before settling in for the closing price of $15.71. MYGN’s price has ranged from $14.72 to $29.30 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Healthcare Sector giant was 4.63%. Meanwhile, its annual earnings per share averaged 147.62%. With a float of $87.61 million, this company’s outstanding shares have now reached $89.90 million.
Let’s determine the extent of company efficiency that accounts for 2700 employees. In terms of profitability, gross margin is 69.26%, operating margin of -46.3%, and the pretax margin is -47.23%.
Myriad Genetics, Inc (MYGN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Diagnostics & Research Industry. The insider ownership of Myriad Genetics, Inc is 3.76%, while institutional ownership is 100.15%. The most recent insider transaction that took place on Oct 11 ’24, was worth 343,950. In this transaction President and CEO of this company sold 15,000 shares at a rate of $22.93, taking the stock ownership to the 962,378 shares. Before that another transaction happened on Oct 11 ’24, when Company’s Officer proposed sale 15,000 for $22.93, making the entire transaction worth $343,950.
Myriad Genetics, Inc (MYGN) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 147.62% per share during the next fiscal year.
Myriad Genetics, Inc (NASDAQ: MYGN) Trading Performance Indicators
Here are Myriad Genetics, Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.30, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.12 in one year’s time.
Technical Analysis of Myriad Genetics, Inc (MYGN)
Looking closely at Myriad Genetics, Inc (NASDAQ: MYGN), its last 5-days average volume was 0.88 million, which is a jump from its year-to-date volume of 0.75 million. As of the previous 9 days, the stock’s Stochastic %D was 56.94%. Additionally, its Average True Range was 0.94.
During the past 100 days, Myriad Genetics, Inc’s (MYGN) raw stochastic average was set at 9.95%, which indicates a significant decrease from 29.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.25% in the past 14 days, which was lower than the 50.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.77, while its 200-day Moving Average is $23.35. However, in the short run, Myriad Genetics, Inc’s stock first resistance to watch stands at $16.49. Second resistance stands at $16.82. The third major resistance level sits at $17.28. If the price goes on to break the first support level at $15.70, it is likely to go to the next support level at $15.24. Should the price break the second support level, the third support level stands at $14.91.
Myriad Genetics, Inc (NASDAQ: MYGN) Key Stats
With a market capitalization of 1.47 billion, the company has a total of 91,035K Shares Outstanding. Currently, annual sales are 753,200 K while annual income is -263,300 K. The company’s previous quarter sales were 213,300 K while its latest quarter income was -22,100 K.
