Myomo Inc Stock Piotroski F Score

MYO Stock  USD 5.07  0.12  2.42%   
This module uses fundamental data of Myomo to approximate its Piotroski F score. Myomo F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Myomo Inc. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Myomo financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Myomo Altman Z Score, Myomo Correlation, Myomo Valuation, as well as analyze Myomo Alpha and Beta and Myomo Hype Analysis.
  
As of the 2nd of March 2025, Short Term Debt is likely to grow to about 2.5 M, while Short and Long Term Debt Total is likely to drop about 514.1 K. At this time, Myomo's PTB Ratio is very stable compared to the past year. As of the 2nd of March 2025, Days Sales Outstanding is likely to grow to 59.90, while Price To Sales Ratio is likely to drop 8.28.
At this time, it appears that Myomo's Piotroski F Score is Unavailable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Unavailable
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Myomo Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Myomo is to make sure Myomo is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Myomo's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Myomo's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.251.19
Sufficiently Up
Slightly volatile
Gross Profit Margin0.770.79
Fairly Down
Pretty Stable
Total Current Liabilities6.6 M6.3 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total98.5 K103.6 K
Notably Down
Pretty Stable
Total Assets10.4 M16.8 M
Way Down
Slightly volatile
Total Current Assets9.9 M15.7 M
Way Down
Slightly volatile

Myomo Inc F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Myomo's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Myomo in a much-optimized way.

About Myomo Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Common Stock Shares Outstanding

35.62 Million

At this time, Myomo's Common Stock Shares Outstanding is very stable compared to the past year.

Myomo Current Valuation Drivers

We derive many important indicators used in calculating different scores of Myomo from analyzing Myomo's financial statements. These drivers represent accounts that assess Myomo's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Myomo's important valuation drivers and their relationship over time.
202020212022202320242025 (projected)
Market Cap22.4M39.9M3.6M145.8M131.2M137.8M
Enterprise Value10.3M25.1M(1.2M)139.5M125.6M131.8M

Myomo ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Myomo's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Myomo's managers, analysts, and investors.
Environmental
Governance
Social

About Myomo Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Myomo Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Myomo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Myomo Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Myomo

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Myomo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Myomo will appreciate offsetting losses from the drop in the long position's value.

Moving against Myomo Stock

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The ability to find closely correlated positions to Myomo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Myomo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Myomo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Myomo Inc to buy it.
The correlation of Myomo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Myomo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Myomo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Myomo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Myomo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Myomo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Myomo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Myomo Inc Stock:
Check out Myomo Altman Z Score, Myomo Correlation, Myomo Valuation, as well as analyze Myomo Alpha and Beta and Myomo Hype Analysis.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myomo. If investors know Myomo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.23)
Revenue Per Share
0.835
Quarterly Revenue Growth
0.813
Return On Assets
(0.31)
Return On Equity
(0.83)
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myomo's market value can be influenced by many factors that don't directly affect Myomo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.