Myriad Genetics, Inc (NASDAQ: MYGN) on Friday, plunged -1.86% from the previous trading day, before settling in for the closing price of $12.91. Within the past 52 weeks, MYGN’s price has moved between $12.04 and $29.30.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 4.63%. The company achieved an average annual earnings per share of 148.72%. With a float of $87.62 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
Observing investor behavior towards Diagnostics & Research industry stocks is more important than anything else. The insider ownership of Myriad Genetics, Inc is 3.75%, while institutional ownership is 100.56%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 148.72% per share during the next fiscal year.
Myriad Genetics, Inc (NASDAQ: MYGN) Trading Performance Indicators
Myriad Genetics, Inc (MYGN) is currently performing well based on its current performance indicators. A quick ratio of 1.73 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.40.
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 0.05 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 1.61 million, which is a jump from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 57.58%. Additionally, its Average True Range was 0.70.
During the past 100 days, Myriad Genetics, Inc’s (MYGN) raw stochastic average was set at 3.65%, which indicates a significant decrease from 21.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.80% in the past 14 days, which was lower than the 50.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.19, while its 200-day Moving Average is $21.69. However, in the short run, Myriad Genetics, Inc’s stock first resistance to watch stands at $13.00. Second resistance stands at $13.34. The third major resistance level sits at $13.58. If the price goes on to break the first support level at $12.42, it is likely to go to the next support level at $12.18. Should the price break the second support level, the third support level stands at $11.84.
Myriad Genetics, Inc (NASDAQ: MYGN) Key Stats
Market capitalization of the company is 1.15 billion based on 91,035K outstanding shares. Right now, sales total 753,200 K and income totals -263,300 K. The company made 213,300 K in profit during its latest quarter, and -22,100 K in sales during its previous quarter.
