Myomo (MYO) to Release Earnings on Thursday

Myomo (NYSEAMERICAN:MYO) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $9.90 million for the quarter.

Myomo Stock Performance

MYO stock opened at $4.80 on Tuesday. Myomo has a 1-year low of $2.51 and a 1-year high of $7.17. The firm has a market capitalization of $145.20 million, a price-to-earnings ratio of -20.87 and a beta of 1.68.

Wall Street Analyst Weigh In

MYO has been the topic of several research analyst reports. Ascendiant Capital Markets boosted their price objective on Myomo from $8.50 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Craig Hallum boosted their price objective on Myomo from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, HC Wainwright reissued a “buy” rating and issued a $7.50 price objective on shares of Myomo in a research report on Wednesday, November 13th.

About Myomo

Myomo, Inc, a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States, China, Germany, and internationally. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis product used for supporting a patient’s weak or paralyzed arm to enable and improve functional activities of daily living.