Myovant Sciences Ltd. (MYOV) Stock: Here’s What’s Happening

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Myovant Sciences Ltd. (MYOV) is trending down in the market today. The stock, one that is focused in the biotechnology industry, is currently trading at $8.63 after falling -8.77% so far today. When it comes to biotech stocks, there are quite a few aspects that have the potential to generate declines in the market. One of the most common is news. Here are the most recent trending headlines relating to MYOV:

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Jul-10-19 08:30AM Myovant Sciences and Evidation Health Announce Partnership and Launch Digital Insights Study on Menstruation
Jul-04-19 11:01AM 3 Hot Insider Trading Stocks To Boost Your Portfolio
Jun-04-19 08:30AM Myovant Sciences to Present at Upcoming June Investor Conferences
May-31-19 02:31PM Here’s Why Myovant Sciences Jumped Today
07:34AM The Daily Biotech Pulse: Merrimack To Stay Independent, Chinese Cheer For Beigene, XBiotech Offering

Nonetheless, when making an investing decision, prospective investors should look into much more than just news, especially in the highly speculative biotechnology space. Here’s what’s going on with Myovant Sciences Ltd..

The Performance That MYOV Investors Have Experienced

While a single session decline, like the move that we’re seeing from Myovant Sciences Ltd. might lead to fear in some investors, a single session decline alone should not be the basis of a decision to, or not to, invest in a company. It’s always smart to look at trends experienced by the stock just a single session. When it comes to MYOV, here are the returns on investment that investors have experienced:

  • Weekly – Throughout the last week, MYOV has generated a change in value in the amount of -1.60%.
  • Past 30 Days – The ROI from Myovant Sciences Ltd. over the past month has been -2.92%.
  • Past 3 Months – Throughout the last 3 months, the company has generated a ROI that comes to -60.56%
  • Past 6 Months – Throughout the past six months, we have seen a performance that works out to -52.56% from the stock.
  • This Year So Far – Since the close of last year MYOV has produced a return on investment of -47.41%.
  • Full Year – Lastly, over the last year, we have seen a change that works out to -63.43% from MYOV. In this period of time, the stock has sold at a high of -68.56% and a low of 3.60%.

Rations That Traders Should Look Into

Looking at a few key ratios associated with a stock generally gives traders a look of how dangerous and/or potentially profitable a an investment option might be. Below are some of the most important ratios to consider when digging into MYOV.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it shows that more investors have a belief that the value of the stock is headed for declines. In general, biotechnology stocks tend to come with a higher short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, in relation to Myovant Sciences Ltd., the stock’s short ratio amounts to 6.63.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure If a company is able to pay its debts as they mature using quick assets or current assets. In the biotechnology industry, several companies rely heavily on continued investor support, these ratios can be bad. However, some better companies in the biotechnology sector do have great quick and current ratios. As far as MYOV, the quick and current ratios work out to 2.30 and 2.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this case, that ratio comes in at 0.06.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of shares. Several early stage biotechnology companies have a hard time keeping cash on hand. So, if you’re interested in a biotechnology stock, this is an important ratio to consider. In this case, the cash to share value ratio comes to 2.12.

How Analysts Feel About Myovant Sciences Ltd.

While it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to consider their analysis when validating your own due diligence when it comes to making investment decisions in the biotech sector. Below you’ll find the most recent moves that we’ve seen from analysts when it comes to MYOV.

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May-30-19 Resumed Citigroup Buy
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

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MYOV, here’s what we’re seeing:

Institutions own 32.50% of the company. Institutional interest has moved by 7.74% over the past three months. When it comes to insiders, those who are close to the company currently own 56.50% percent of MYOV shares. Institutions have seen ownership changes of an accumulative 87.26% over the last three months.

What’s The Float Looking Like?

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 73.71M 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 18.83M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to MYOV, the short percent of the float is 11.18%.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-3.40. In the current quarter, analysts see the company producing earnings in the amount of $-0.92. Over the last 5 years, MYOV has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -35.60% and revenue has seen movement of 0.

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