As volatility creeps into Myovant Sciences Ltd. (NYSE:MYOV), investors need to pay close attention to to the factors affecting stock today as its shares are trading 4.94% or 0.88 points up from last closing price of $17.81, reaching $18.69 at last check. The MYOV share price has risen in 4 of the last 5 days and is up 121.79% 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 weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -1,489,688 shares, and in total 2.548 million shares valued at $47.617 million were seen changing hands compared with 4.037 million shares valued at $71.906 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in MYOV stock for the next couple of days.
Myovant Sciences Ltd. (MYOV) shares have notched a 3-month gain of about 121.79%, but has still advanced 8.53% year to date. By comparison, the stock sank -6.26% over the past 12 months, while it jumped 283.01% over the 1 month. The company’s market cap is around $1.55B, with its short interest ratio standing at 2.04%.
In the current trading session for MYOV, the stock witnessed two major price actions, it rose to a high of $18.82 and was down as much as $17.55 at one point. The high recorded is very low when compared to their 52-week high which is $4.14. The 52-week high is now at -28.83 distance from current price. Their recent low of $26.02 represents a 347.32% 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 MYOV is $26.8, 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.
MYOV‘s last price was up 54.84% as compared to the average trading price of 50 days recorded at $12.07 while enlarging the period to 200 trading days, the average closing price was $6.84. At present, there are 86.75 million in the total number of common shares owned by the public and among those 35.79 million shares have been available to trade. The percentage of shares being held by the company management was 46% while institutions stake was 41.4%. The company has generated negative returns on equity over the last 12 months (-768.5%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the MYOV stock, there is another set of technicals that should be looked into and considered. Its 97.94% gain from moving average of $9.44 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 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.
Most of the analysts surveyed by Thomson/First Call think quite highly of Myovant Sciences Ltd. — 8 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $26 on shares of Myovant Sciences Ltd. (NYSE:MYOV), which corresponds to 40.39% upside potential than its current market price of $18.69 and implies potential despite the recent advance in the price. However, their current target price has climbed from $24.17 a month ago and is down handily from the consensus target of $26.57 a quarter ago.
Let’s briefly check the hedge fund interest towards MYOV stock. Millennium Management LLC trimmed position in the company after it dumped -91% or 533,367 shares of its common stock. The hedge fund now owns 48,003 shares worth $897,176, SEC documents show. Barclays PLC shored up assets in the stock as 9082.66 shares have been purchased, increasing its stake by 24.6% to 11,317 shares which are currently valued at $211,515. In addition, Point72 Asset Management L.P. recently reported that it now owns 205,200 shares making a total of $3,835,188 based on the recent price. This refelects a change of -76% in their ownership.