Myomo Inc Stock Short Ratio
| MYO Stock | USD 3.93 0.31 8.56% |
Myomo Inc fundamentals help investors to digest information that contributes to Myomo's financial success or failures. It also enables traders to predict the movement of Myomo Stock. The fundamental analysis module provides a way to measure Myomo's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Myomo stock.
Myomo | Short Ratio |
Myomo Inc Company Short Ratio Analysis
Myomo's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Myomo Short Ratio | 3.23 X |
Most of Myomo's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Myomo Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Myomo Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Myomo is extremely important. It helps to project a fair market value of Myomo Stock properly, considering its historical fundamentals such as Short Ratio. Since Myomo's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Myomo's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Myomo's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Myomo Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Myomo Inc has a Short Ratio of 3.23 times. This is 17.18% lower than that of the Health Care Equipment & Supplies sector and 14.32% lower than that of the Health Care industry. The short ratio for all United States stocks is 19.25% higher than that of the company.
Myomo Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Myomo's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Myomo could also be used in its relative valuation, which is a method of valuing Myomo by comparing valuation metrics of similar companies.Myomo is currently under evaluation in short ratio category among related companies.
Myomo Current Valuation Drivers
We derive many important indicators used in calculating different scores of Myomo from analyzing Myomo's financial statements. These drivers represent accounts that assess Myomo's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Myomo's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 5.0M | 22.4M | 39.9M | 3.6M | 147.8M | 155.2M | |
| Enterprise Value | 3.2M | 10.3M | 25.1M | (1.2M) | 141.5M | 148.6M |
Myomo Fundamentals
| Return On Equity | -1.06 | ||||
| Return On Asset | -0.42 | ||||
| Profit Margin | (0.42) % | ||||
| Operating Margin | (0.51) % | ||||
| Current Valuation | 94.86 M | ||||
| Shares Outstanding | 28.8 M | ||||
| Shares Owned By Insiders | 13.77 % | ||||
| Shares Owned By Institutions | 46.80 % | ||||
| Number Of Shares Shorted | 678.19 K | ||||
| Price To Earning | (0.30) X | ||||
| Price To Book | 9.41 X | ||||
| Price To Sales | 4.40 X | ||||
| Revenue | 19.24 M | ||||
| Gross Profit | 10.25 M | ||||
| EBITDA | (7.71 M) | ||||
| Net Income | (8.15 M) | ||||
| Cash And Equivalents | 5.35 M | ||||
| Cash Per Share | 1.46 X | ||||
| Total Debt | 601.3 K | ||||
| Debt To Equity | 0.07 % | ||||
| Current Ratio | 3.42 X | ||||
| Book Value Per Share | 0.33 X | ||||
| Cash Flow From Operations | (6.17 M) | ||||
| Short Ratio | 3.23 X | ||||
| Earnings Per Share | (0.28) X | ||||
| Target Price | 5.5 | ||||
| Number Of Employees | 101 | ||||
| Beta | 1.53 | ||||
| Market Capitalization | 104.25 M | ||||
| Total Asset | 14.58 M | ||||
| Retained Earnings | (96.93 M) | ||||
| Working Capital | 8.17 M | ||||
| Current Asset | 5.11 M | ||||
| Current Liabilities | 2.31 M | ||||
| Net Asset | 14.58 M |
About Myomo Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Myomo Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Myomo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Myomo Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Myomo in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Myomo's short interest history, or implied volatility extrapolated from Myomo options trading.
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Try AI Portfolio ArchitectCheck out Myomo Piotroski F Score and Myomo Altman Z Score analysis. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Myomo Stock analysis
When running Myomo's price analysis, check to measure Myomo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Myomo is operating at the current time. Most of Myomo's value examination focuses on studying past and present price action to predict the probability of Myomo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myomo's price. Additionally, you may evaluate how the addition of Myomo to your portfolios can decrease your overall portfolio volatility.
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Is Myomo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myomo. If investors know Myomo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.28) | Revenue Per Share 0.652 | Quarterly Revenue Growth 0.177 | Return On Assets (0.42) | Return On Equity (1.06) |
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myomo's market value can be influenced by many factors that don't directly affect Myomo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.