Analyzing Myomo (MYO) and The Competition

Myomo (NYSE: MYO) is one of 33 public companies in the “Surgical appliances & supplies” industry, but how does it contrast to its peers? We will compare Myomo to similar businesses based on the strength of its earnings, dividends, analyst recommendations, valuation, risk, institutional ownership and profitability.

Profitability

This table compares Myomo and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Myomo -316.37% -180.04% -122.05%
Myomo Competitors -208.64% -62.70% -25.26%

Analyst Ratings

This is a summary of current ratings and price targets for Myomo and its peers, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Myomo 0 1 0 0 2.00
Myomo Competitors 375 1236 2017 104 2.50

Myomo currently has a consensus target price of $8.00, indicating a potential upside of 78.17%. As a group, “Surgical appliances & supplies” companies have a potential downside of 2.16%. Given Myomo’s higher probable upside, equities analysts plainly believe Myomo is more favorable than its peers.

Valuation and Earnings

This table compares Myomo and its peers top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Myomo $3.84 million -$10.71 million -0.23
Myomo Competitors $1.25 billion $176.03 million 40.45

Myomo’s peers have higher revenue and earnings than Myomo. Myomo is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

4.2% of Myomo shares are owned by institutional investors. Comparatively, 50.0% of shares of all “Surgical appliances & supplies” companies are owned by institutional investors. 12.6% of Myomo shares are owned by insiders. Comparatively, 8.9% of shares of all “Surgical appliances & supplies” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Volatility & Risk

Myomo has a beta of 1.04, meaning that its share price is 4% more volatile than the S&P 500. Comparatively, Myomo’s peers have a beta of 0.67, meaning that their average share price is 33% less volatile than the S&P 500.

Summary

Myomo peers beat Myomo on 10 of the 13 factors compared.

About Myomo

Myomo, Inc., a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States. The company offers MyoPro, a myoelectric-controlled upper limb brace orthosis product used for supporting a patient's weak or paralyzed arm to enable and enhance functional activities of daily living, ADLs, in the home and community. Its products are designed to help restore function in individuals with neuromuscular conditions due to brachial plexus injury, stroke, traumatic brain injury, spinal cord injury, and other neurological disorders. The company sells its products to orthotics and prosthetics providers, the Veterans Health Administration, rehabilitation hospitals, and distributors. Myomo, Inc. was incorporated in 2004 and is headquartered in Cambridge, Massachusetts.

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