How to Buy Myomo Stock

Myomo Inc

Myomo, Inc. is a United States-based medical device company specializing in myoelectric orthotics for people with neurological disorders.

Myomo stock last closed at $1.29, up 8.4% from the previous day, and has decreased 25.22% in one year. It has underperformed other stocks in the Medical Devices industry by 0.1 percentage points. Myomo stock is currently +249.59% from its 52-week low of $0.37, and -25.43% from its 52-week high of $1.73.

As of Sep 25, 2023, there are 21.1M MYO shares outstanding. The market capitalization of MYO is $27.22M. In the last 24 hours, 403,321 MYO shares were traded.

How to Buy Myomo Stock

Wondering how to invest in Myomo stock? Here's how.
  1. Choose where to buy Myomo stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Myomo stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Select your payment method and add your info.
  4. Research Myomo stock: The Myomo ticker symbol is MYO. Is Myomo stock a good investment? Should you buy shares of MYO? How do MYO's underlying business fundamentals look? Do top analysts think Myomo is a good buy? Why has MYO's stock price moved recently? (Hint: Our stock research website can help you decide if MYO is a good stock to buy).
  5. Execute your MYO buy order: Decide if you will purchase MYO shares at the current market price or use a limit order to purchase MYO shares at a given price.
  6. Monitor your MYO position: Create a watchlist to important updates regarding your new investment in Myomo stock.

Step 1: Choose where to buy Myomo stock

You will need an online brokerage account to access the NYSEMKT market and buy MYO stock.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected the best brokerage, you'll need to fill out some personal information so you can buy MYO today.

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  2. Provide your personal info to create a new brokerage account.
  1. Submit your information by hitting the "Create Account" button.
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Step 3: Fund your investment account

Now that you've opened your account on a investment app, you need to deposit funds:

Watch the tutorial below for more details depositing funds into your brokerage account.

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Step 4: Research Myomo stock

Once you have identified the best place to buy Myomo stock, it's absolutely critical to evaluate their stock before you invest, so you can understand the risk as well as the opportunity.

Myomo Numbers

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Nov 8, 2023
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Myomo Fundamentals

WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.

You can view all of the due diligence checks on MYO's stock page.

Is MYO stock properly valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MYO's true value.

Using relative valuations methods:

  • MYO could be undervalued based on its P/B ratio of 3.09x, relative to Medical Devices industry P/B ratio of 3.53x

You can do more valuation analysis on MYO's stock here.

MYO Financial Overview

Positive Health Checks:

  • MYO has $8.96M in cash and short term investments. This is sufficient to cover its annual cash burn of $7.43M.
  • MYO has cash burn of 7434337. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the MYO balance sheet.
  • There are more short-term assets than short-term liabilities on the MYO balance sheet.

Negative Health Checks:

  • MYO profit margin has gone up by 0.2 percentage points in the past year, but the company is still unprofitable.
  • MYO has a relatively high debt to equity ratio of 0.51.
  • Total MYO debt is higher than 5 years ago, relative to shareholder equity.

Is it a good time to buy Myomo stock, according to analysts?

Out of 1 sell side analysts who give forecasts on MYO, the consensus analyst rating on MYO is a Strong Buy

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent MYO Analyst Recommendations

Anthony Vendetti, a bottom 7% analyst from Maxim Group initiates coverage on MYO with a strong buy rating and announces their MYO price target of $2.00, on May 25, 2023.

You can dig deeper into what analysts are saying on the Myomo stock forecast page.

MYO Momentum

MACD Signal
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MYO Growth Metrics

Last year, MYO revenue was $17.41M. In the last five year, MYO's revenue has increased by 54.45% per year. This was faster than the Medical Devices industry average of 13.03%.

You can analyze MYO's earnings and revenue performance here.

Latest Insiders Trades at MYO

Over the past year, executives and large shareholders at MYO have bought more shares than they have sold.

Milton Mayo Morris, Director of MYO, was the latest MYO insider to buy. They bought $15,870.00 worth of MYO shares on Sep 8, 2023.

Get more info about who owns MYO stock here.

Does MYO stock generate passive income?

No, Myomo doesn't provide an income stream by paying out dividends.

What do other investors have to say about MYO?

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Execute your MYO buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a given price, place a limit order.

Click the Open Trade button and your broker will execute your order.

If you require more info about buying stocks on eToro, click the helpful video below:

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Step 6: Monitor your MYO position

Now that you own some shares in MYO, you'll want to keep up with your new investment.

Put MYO on a watchlist to track the latest developments regarding your MYO stock.

MYO Feed

How to Buy Stock in Myomo

To reiterate, here are the 6 steps for buying Myomo stock:

  1. Choose where to buy Myomo stock
  2. Open your brokerage account
  3. Fund your investment account
  4. Research Myomo stock
  5. Execute your MYO buy order
  6. Monitor your MYO position

If you need a brokerage account, eToro is our favorite venue.

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If you want to get the latest scoop on your investment in Myomo, add MYO to your watchlist by clicking the button below.

$1.29+0.10 (+8.4%)
Updated Sep 25, 2023
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$1.29+0.10 (+8.4%)
Updated Sep 25, 2023
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How much does it cost to buy one Myomo share?

As of Sep 25, 2023, it costs $1.29 to buy one share of Myomo stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.65, you can buy 0.5 shares of MYO.

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Is now a good time to buy Myomo stock?

According to 1 Wall Street analysts who monitor Myomo, their consensus recommendation is to buy Myomo stock.

What is the best way to buy Myomo stock?

One way to place an order for Myomo stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.