How to Buy Myriad Genetics Stock

Myriad Genetics Inc

Myriad Genetics, Inc. , a genetic testing and precision medicine company, develops and commercializes genetic tests in the United States and internationally.

Myriad Genetics stock last closed at $12.93, up 4.19% from the previous day, and has decreased 40.82% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.19 percentage points. Myriad Genetics stock is currently +7.39% from its 52-week low of $12.04, and -55.87% from its 52-week high of $29.30.

At the moment, there are 91.04M shares of MYGN outstanding. The market value of MYGN is $1.18B. In the past 24 hours, 1.09M MYGN shares were traded.

How to Buy Myriad Genetics Stock

Not sure how to invest in Myriad Genetics stock? Here's how.

  1. Choose where to buy Myriad Genetics stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Myriad Genetics stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Pick your method of payment and add your information.
  4. Evaluate Myriad Genetics stock: The Myriad Genetics ticker symbol is MYGN. Is Myriad Genetics stock a good investment? Should you buy shares of MYGN? How do MYGN's underlying business fundamentals look? Do top analysts think Myriad Genetics is a good buy? Why has MYGN's stock price moved recently? (Hint: Our stock research website can help you evaluate if MYGN is a good stock to buy).
  5. Place your MYGN trade: Decide if you will purchase MYGN shares at the current market price or use a limit order to purchase MYGN shares at a given price.
  6. Keep an eye on your MYGN investment: Create a watchlist to monitor your new investment in Myriad Genetics stock.

Step 1: Choose where to buy Myriad Genetics stock

You need an online brokerage account in order to access the NASDAQ market and buy MYGN shares.

A brokerage account enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've picked the best brokerage, it's time to fill out some personal info so you can invest in MYGN today.

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Step 3: Put funds into your investment account

Now that you have opened your account on a good online stock trading app, you need to deposit funds:

Watch this video walkthrough to see the process of transferring money into your new brokerage account.

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Step 4: Evaluate Myriad Genetics stock

Once you have figured out the best place to buy Myriad Genetics stock, it's absolutely critical to research their stock prior to investing, so you actually wrap your head around the risk and opportunity.

Myriad Genetics Metrics

MYGN Price
$12.93
1w %
3.11%
1y %
-40.82%
5y %
-56.21%
P/E
-10.1x
P/B
1.61x
P/S
1.43x
PEG
N/A
Revenue
$823.60M
Earnings
-$116.00M
Fore. Rev. Growth
8.19%
Fore. Earn. Growth
N/A
Market Cap
$1.18B
Next Earnings
Feb 25, 2025
Next Dividend
N/A

Myriad Genetics Fundamentals

WallStreetZen was created to help average investors do better fundamental analysis quickly.

You can see all of the due diligence checks on MYGN's stock page.

How is MYGN stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge MYGN's true value.

Using relative valuations ratios:

  • MYGN could be undervalued based on its P/B ratio of 1.61x, relative to Diagnostics & Research industry P/B ratio of 4.13x

You can access additional valuation analysis on MYGN's stock here.

MYGN Financial Health Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than long-term liabilities on the MYGN balance sheet.
  • MYGN profit margin has gone up from -37.4% to -14.1% in the past year.
  • There are more short-term assets than short-term liabilities on the MYGN balance sheet.
  • Total MYGN debt is lower than 5 years ago, relative to shareholder equity.

Failed Financial Due Diligence Checks:

  • MYGN has cash burn of 107300000. It does not have enough cash and short-term investments to cover this.
  • MYGN has a relatively high debt to equity ratio of 0.48.
  • MYGN has $99.90M in cash and short term investments. This is not sufficient to cover its annual cash burn of $107.30M.

Do analysts think it's a good time to buy Myriad Genetics stock

Out of 10 Equities analysts who give forecasts on MYGN, the consensus analyst rating on Myriad Genetics is a Hold

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Most Recent MYGN Analyst Forecasts

Puneet Souda, a bottom 2% analyst from Leerink Partners downgrades MYGN to a hold rating and lowers their MYGN price target from $30.00 to $21.00, on Dec 9, 2024.

Tejas Savant, a bottom 8% analyst from Morgan Stanley maintains MYGN with a hold rating and lowers their MYGN price target from $32.00 to $21.00, on Nov 18, 2024.

Brandon Couillard, a top 31% analyst from Wells Fargo initiates coverage on MYGN with a strong buy rating and announces their MYGN price target of $35.00, on Aug 27, 2024.

Sung Ji Nam, a bottom 8% analyst from ScotiaBank maintains MYGN with a buy rating and raises their MYGN price target from $29.00 to $34.00, on Aug 13, 2024.

Dan Brennan, a top 18% analyst from TD Cowen maintains MYGN with a hold rating and raises their MYGN price target from $28.00 to $30.00, on Aug 7, 2024.

You can dive deeper into what analysts are forecasting on the Myriad Genetics stock forecast page.

Metrics for Advanced MYGN Traders

SMA10
12.73
SMA20
13.1
SMA50
14.04
SMA100
18.38
SMA200
21.6
MACD
-0.45
MACD Signal
-0.53
MACD Histogram
0.08
RSI
45.35
Stochastic %K
39.06
Stochastic %D
29.45
StochRSI %K
85.26
StochRSI %D
76.3

Is MYGN Growing Revenue?

Last year, MYGN revenue was $823.60M. During the past 5 year, MYGN's revenue has gone up by -0.28% per year. This was slower than the Diagnostics & Research industry average of 9.85%.

Dig into MYGN's earnings and revenue performance here.

Are MYGN insiders buying or selling the stock?

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

Scott J. Leffler, Chief Financial Officer of MYGN, was the latest MYGN insider to sell. They sold $153,364.20 worth of MYGN stock on Jan 29, 2025.

Learn more about who owns MYGN stock here.

Does MYGN stock generate passive income?

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

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Step 5: Place your MYGN trade

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.

Click the Open button and your broker will place your order.

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Step 6: Keep an eye on your MYGN investment

Now that you own some shares in MYGN, you'll want to stay up-to-date on your new investment.

Make a watchlist to monitor your MYGN stock.

MYGN Feed

How to Buy Stock in Myriad Genetics

To summarize, here are the 6 steps you need to take to buy Myriad Genetics stock right now:

  1. Choose where to buy Myriad Genetics stock
  2. Open a brokerage account
  3. Put funds into your investment account
  4. Evaluate Myriad Genetics stock
  5. Place your MYGN trade
  6. Keep an eye on your MYGN investment

If you require a brokerage, eToro is our favorite venue.

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If you would like to get notifications regarding your new investment in Myriad Genetics, add MYGN to your watchlist by clicking the button below.

NASDAQ: MYGN
$12.93+0.52 (+4.19%)
Updated Feb 5, 2025
Open eToro Account
Your capital is at risk.
NASDAQ: MYGN
$12.93+0.52 (+4.19%)
Updated Feb 5, 2025
Open eToro Account
Your capital is at risk.

FAQ

How much does it cost to buy one Myriad Genetics share?

As of Feb 5, 2025, it costs $12.93 to buy one share of Myriad Genetics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $6, you can buy 0.464 shares of MYGN.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Myriad Genetics stock?

According to 10 Wall Street analysts who monitor Myriad Genetics, their consensus recommendation is to hold Myriad Genetics stock.

What is the best way to buy Myriad Genetics stock?

One way to place an order for Myriad Genetics 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.