MyMD Pharmaceuticals Inc. (NASDAQ:MYMD) finished Thursday with a subtraction of -$0.09 to close at $1.04, a downside of -7.96 percent. An average of 393,842 shares of common stock have been traded in the last five days. There was a fall of -$0.0699 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,039,190 shares traded, while the 50-day average volume stands at 775,808.
MYMD stock has decreased by -3.70% in the last month. The company shares reached their 1-month lowest point of $1.0100 on 08/25/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.80 and a high of $3.93 in 52 weeks. It has reached a new high 9 times so far this year and lost -9.57% or -$0.0999 in price. In spite of this, the price is down -73.54% from the 52-week high.
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Valuation Metrics
MyMD Pharmaceuticals Inc. (MYMD) stock’s beta is 2.20. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.82, and the price-to-cash flow ratio at 26.75.
Financial Health
The quick ratio of MyMD Pharmaceuticals Inc. for the recent quarter was 5.40, and the current ratio was 5.40, indicating that the company is able to meet its debt obligations.
Earnings Surprise
The company posted a net income of -$4.54 million in the quarter, while revenues of -$1.67 million were grew 19.82%. Shareholders own equity worth $44.93 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at MyMD Pharmaceuticals Inc. (MYMD) price momentum. RSI 9-day as of the close on 24 August was 36.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 63.74%.
As of today, MYMD’s price is $1.1060 -6.24% or -$0.0699 from its 5-day moving average. MYMD is currently trading -4.54% lower than its 20-day SMA and -36.74% lower than its 100-day SMA. However, the stock’s current price level is -32.25% below the SMA50 and -56.06% below the SMA200.
The stochastic %K and %D were 11.81% and 11.06%, respectively, and the average true range (ATR) was 0.1414. With the 14-day stochastic at 8.53% and the average true range at 0.1534, the RSI (14) stands at 40.94%. The stock has reached -0.0350 on the 9-day MACD Oscillator while the 14-day reading was at -0.1015.
Analyst Ratings
The consensus rating for MyMD Pharmaceuticals Inc. (MYMD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MYMD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MYMD’s price target for the next 12 months?
Analysts predict a range of price targets between $1536.00 and $1536.00, with a median target of $1536.00. Taking a look at these predictions, the average price target given by analysts for MyMD Pharmaceuticals Inc. (MYMD) stock is $1536.00.
