MYOS RENS Technology Inc. (NASDAQ:MYOS) is trending higher in the market today as the company shares are trading 6.09% or 0.074 points up from last closing price of $1.216, reaching $1.29 at last check. Any clue why there is so much of action in the MYOS stock? The share price has risen in 1 of the last 5 days and is down -15.55% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 141,369 shares, and in total 156069 shares valued at $201329 were seen changing hands compared with 14700 shares valued at $17875 recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the MYOS stock.
MYOS RENS Technology Inc. (MYOS) shares have notched a 3-month decline of about -15.55%, but has still tumbled -14.36% year to date. By comparison, the stock sank -21.54% over the past 12 months, while it jumped 1.43% over the 1 month. The company’s market cap is around $11.39M, with its short interest ratio standing at 2.35%.
In the current trading session for MYOS, the stock witnessed two major price actions, it rose to a high of $1.4371 and was down as much as $1.28 at one point. The high recorded is very low when compared to their 52-week high which is $1.04. The 52-week high is now at -48.4 distance from current price. Their recent low of $2.5 represents a 24.04% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for MYOS is $3.5, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of MYOS RENS Technology Inc. earned $-0.4 per share in the trailing 12 months and has a P/E ratio of -3.23. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 21.95 and lower compared to the sector’s average of 38.88. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MYOS also has P/S multiple of 24.17. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.73x.
The company recorded an interesting insider purchase transaction by the Director on Mar 27, 2019. A Securities and Exchanges Commission filings show that Christopher Pechock bought a total of 34,247 MYOS shares that day for a sum of around $50,001. The filings show that the insider stake has now grown to 257,157 shares, currently worth $331,733. MYOS RENS Technology Inc. (MYOS) insiders have acquired 205,480 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded 205,480 shares in the business, which makes up 61.701% of 333,025 shares that were traded over a year. In the past 12 months, insiders have purchased 333,025 shares while the seller parted with shares.
MYOS‘s last price was down -6.83% as compared to the average trading price of 50 days recorded at $1.38 while enlarging the period to 200 trading days, the average closing price was $1.32. At present, there are 9.37 million in the total number of common shares owned by the public and among those 5.16 million shares have been available to trade. The percentage of shares being held by the company management was 24.9% while institutions stake was 5%. The company has generated negative returns on equity over the last 12 months (-86.6%). It managed to keep its gross profit margin at 38.1% over the past 12 months.
When assessing the full upside of the MYOS stock, there is another set of technicals that should be looked into and considered. Its 2.41% gain from moving average of $1.26 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0.64 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 25.2%. Though the percentage looks encouraging, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -35.9 over the last five years. The company recently recorded a drop of 0%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards MYOS stock. Community Capital Management Inc. added position in the company after it grew 50% or 24,040 shares of its common stock. The hedge fund now owns 36,060 shares worth $46,517, SEC documents show. Murphy Capital Management Inc. shored up assets in the stock as 13730 shares have been purchased, increasing its stake by 50% to 20,595 shares which are currently valued at $26,568. In addition, Pinnacle Wealth Management Advisory Group LLC recently reported that it now owns 120,968 shares making a total of $156,049 based on the recent price. This refelects a change of 50% in their ownership.