Myovant Sciences Ltd. (MYOV) Stock: A Strong Pick In The Biotech Sector?


Myovant Sciences Ltd. (MYOV) is making a move up in the market in today’s trading session. The company, focused on the biotechnology industry, is currently priced at $13.51 after gaining 5.30% so far today. In terms of biotechnology companies, there are a number of aspects that have the ability to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines associated with MYOV:

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May-15-19 10:49AM Biotech Stock Roundup: FDA Nod for REGN’s Eylea in DR, Tie-Ups & Other Updates
May-14-19 11:14AM Myovant Shares Slide Despite Positive Late-Stage Data For Menstrual Bleeding Drug
08:10AM Myovant stock up 1.6% after Phase 3 trial meets endpoints
08:07AM Myovant Sciences’ uterine fibroids combo therapy meets main goal in study
07:39AM Introducing Myovant Sciences (NYSE:MYOV), The Stock That Dropped 23% In The Last Year

Nonetheless, any time investors are making a decision to invest, investors should focus on much more than news, especially in the speculative biotech space. Here’s what’s happing when it comes to Myovant Sciences Ltd..

Returns That MYOV Investors Have Seen

While a move toward the top in a single session, like the gain that we’re seeing from Myovant Sciences Ltd. might cause excitement in some investors, a single session gain by itself should not be the reason for a decision to, or not to, invest in a stock. It is always important to take a look at trends experienced by the stock further out than a single trading day. In the case of MYOV, here are the trends that investors have seen:

  • Past Seven Days – In the last 7 days, MYOV has seen a change in value that amounts to -25.52%.
  • Past Month – The monthly performance from Myovant Sciences Ltd. has been -35.45%.
  • Past Three Months – Throughout the last quarter, the stock has generated a ROI that works out to -36.99%
  • Bi-Annually – In the previous six months, investors have seen a change that works out to -29.12% from the company.
  • Year To Date – Since the the first trading session of this year MYOV has produced a return on investment of -17.67%.
  • Full Year – Lastly, in the last year, investors have seen performance that comes to -38.31% from MYOV. Over this period, the stock has traded at a high price of -50.78% and a low price of 15.97%.

Ratios Worth Watching

Digging into various key ratios having to do with a stock can provide prospective investors a view of just how risky and/or potentially profitable a pick may be. Here are some of the key ratios to look at when digging into MYOV.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it means that more investors have a belief that the price of the stock is going to go down. In general, biotechnology stocks tend to have a higher short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, as it relates to Myovant Sciences Ltd., the stock’s short ratio comes to 10.72.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature based on current assets or quick assets. Because many biotech many companies are reliant on continued investor support, the quick and current ratios can seem bad. Nonetheless, quite a few better companies in the biotechnology sector come with good current and quick ratios. When it comes to MYOV, the quick and current ratios come to 3.50 and 3.50 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price of the stock. when it comes to Myovant Sciences Ltd., that ratio equates to 0.69.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of the company’s stock. Many clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology sector, this is an important ratio to consider. In the case of MYOV, the cash to share value ratio works out to 2.60.

Analyst Opinions Of Myovant Sciences Ltd.

Although it’s rarely a smart idea to blindly follow the opinions of analysts, it is a smart idea to consider their thoughts when validating your own due diligence before making investment decisions in the biotech space. Here are the recent moves that we have seen from analysts as it relates to MYOV.

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Apr-12-19 Initiated Evercore ISI Outperform
Feb-13-19 Upgrade Barclays Equal Weight → Overweight $22 → $25
Oct-26-18 Initiated Goldman Neutral $25
Sep-13-18 Initiated JP Morgan Overweight $39
Apr-25-18 Reiterated Citigroup Buy $17 → $44

Is Big Money Interested in Myovant Sciences Ltd.?

An interesting fact I have learned so far in my brief period alive, or somewhat alive has been that smart money tends to follow the moves made by big money investors. In other words, investors that are trying to keep their investments relatively safe will keep their eyes on investments made by institutional investors as well as those on the inside. So, is big money flowing in regard to MYOV? Here’s what’s happening:

Institutions own 31.60% of the company. Institutional interest has moved by 3.53% over the past three months. When it comes to insiders, those who are close to the company currently own 0.10% percent of MYOV shares. Institutions have seen ownership changes of an accumulative -0.37% over the last three months.

How Many Shares Of MYOV Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 70.33M shares of Myovant Sciences Ltd. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, MYOV has a float of 19.84M.

I also like to take a look at the short percent. Think about it, when a high percentage of the float available for trading is shorted, the overall feeling among traders is that the stock is headed for a deep dive. When it comes to MYOV, the percentage of the float that is sold short is 6.50%. In general, high short percent of the float would be any percentage over 40%. In my research, I’ve seen that any short percent of the float over 26% is likely a a play that could prove to be very risky.

What We’ve Seen In Financial Results

What have ween seen from MYOV in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, Wall Street analysts have expectations that Myovant Sciences Ltd. will report EPS that totals up to be -3.76, with -1.02 being reported in the earnings report for the current quarter. Although this data isn’t based on earnings, since we are chatting on the topic of Wall Street analysts, MYOV is currently graded as a 1.70 considering a scale that ranges from 1 to 5 on which 1 is the poorest possible Wall Street analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Over the past 5 years, Myovant Sciences Ltd. has announced a change in sales that works out to 0. Earnings per share over the last 5 years have experienced a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is generally represented in the human world, Myovant Sciences Ltd. has experienced a change in earnings in the amount of -49.10%. MYOV has also experienced a change with regard to sales that totals 0.

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