MYO Price Prediction Next Week
Analysis and Insights
To predict the stock price of MYO for the next trading week, we analyze both news and technical indicators.
News Impact:
- Public Offering: MYO has filed a preliminary prospectus supplement for a public offering, which could lead to stock dilution and short-term price pressure.
- Earnings Announcement: MYO is scheduled to release earnings, which could cause significant price movement depending on results.
- Insider Activity: A director purchased 7,400 shares, indicating some insider confidence.
Technical Analysis:
- RSI: Neutral at 50, suggesting no strong trend.
- MACD: Slightly bearish with a negative signal line crossover.
- Bollinger Bands: Price near lower band, indicating potential oversold conditions.
- Fibonacci Levels: Resistance at $6.06 and support at $4.40.
Price Prediction:
Based on the analysis, the stock is expected to trade between $4.40 and $6.06. Given the bearish technical indicators and upcoming events, the price could drop to $4.40.
Recommendation:
Sell MYO stock as the technical indicators and news suggest a bearish outlook.
MYO Similar Chart Price Prediction
The price of MYO is predicted to go up -2.3%, based on the high correlation periods with BDL. The similarity of these two price pattern on the periods is 94.01%.
MYO
BDL
Down: -2.3%Similarity: 94.01%
MYO Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
MYO Price Forecast($)
Potential Return(%)
2025
9.000
38.250
2026
9.500
87.380
2027
10.060
98.420
2028
11.100
118.930
2029
39.010
669.430
2030
15.000
195.860
What is MYO stock price prediction 2025 ?
What is MYO stock price prediction 2026 ?
What is MYO stock price prediction 2027 ?
What is MYO stock price prediction 2028 ?
What is MYO stock price prediction 2029 ?
What is MYO stock price prediction 2030 ?
MYO Revenue Forecast
MYO EPS Forecast
MYO FAQs
What is MYO revenue forecast for next quarter？
MYO Analyst's Forecast
Craig Knickerbocker
Craig-Hallum
Strong Buy
2024-12-13
Price Target
$7 → $9
Upside
+43.77%
Myomo announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Myomo expects to use the net proceeds of the offering, together with its existing cash and cash equivalents, to accelerate its revenue growth by funding an increase in advertising expenses and headcount to support the expected revenue growth in Myomo's direct billing channel, along with investments in systems to support growth in the O&P channel and in scaling its operations. In addition, the net proceeds of the offering will be used to fund product development and sustaining engineering activities to enhance the current MyoPro product line and to develop the next generation of Myomo's products, with the remainder for working capital and general corporate purposes. Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering.
