On Tuesday, Myriad Genetics, Inc (NASDAQ: MYGN) was -2.76% drop from the session before settling in for the closing price of $16.69. A 52-week range for MYGN has been $14.72 – $29.30.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 4.63%. When this article was written, the company’s average yearly earnings per share was at 147.62%. With a float of $87.61 million, this company’s outstanding shares have now reached $91.00 million.
Let’s determine the extent of company efficiency that accounts for 2700 employees. In terms of profitability, gross margin is 69.15%, operating margin of -14.06%, and the pretax margin is -14.16%.
Myriad Genetics, Inc (MYGN) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Myriad Genetics, Inc stocks. The insider ownership of Myriad Genetics, Inc is 3.76%, while institutional ownership is 100.21%. 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
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.04 earnings per share (EPS) during the time that was better than consensus figure (set at 0.01) by 0.03. 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
You can see what Myriad Genetics, Inc (MYGN) is doing with its current performance indicators. In the most recent quarter, the stock posted 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 0.74 million, which is a drop from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 86.26%. Additionally, its Average True Range was 0.84.
During the past 100 days, Myriad Genetics, Inc’s (MYGN) raw stochastic average was set at 10.36%, which indicates a significant decrease from 75.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.74% in the past 14 days, which was lower than the 50.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.85, while its 200-day Moving Average is $23.22. However, in the short run, Myriad Genetics, Inc’s stock first resistance to watch stands at $16.61. Second resistance stands at $16.99. The third major resistance level sits at $17.26. If the price goes on to break the first support level at $15.95, it is likely to go to the next support level at $15.68. Should the price break the second support level, the third support level stands at $15.30.
Myriad Genetics, Inc (NASDAQ: MYGN) Key Stats
There are 91,035K outstanding shares of the company, which has a market capitalization of 1.48 billion. As of now, sales total 753,200 K while income totals -263,300 K. Its latest quarter income was 213,300 K while its last quarter net income were -22,100 K.
