13-May-2024
Piper Sandler Sticks to Their Hold Rating for Myriad Genetics (MYGN)
TipRanks (Mon, 13-May 6:46 AM ET)
Globe Newswire (Tue, 7-May 4:05 PM ET)
Myriad Genetics Announces Reorganization of European Operations and Sale of EndoPredict Business
Globe Newswire (Tue, 7-May 9:00 AM ET)
Myriad Genetics to Release First Quarter 2024 Financial Results on May 7, 2024
Globe Newswire (Tue, 30-Apr 4:05 PM ET)
Globe Newswire (Wed, 17-Apr 8:00 AM ET)
Globe Newswire (Tue, 16-Apr 9:15 AM ET)
Globe Newswire (Tue, 9-Apr 8:00 AM ET)
Globe Newswire (Thu, 21-Mar 9:40 PM ET)
Myriad Genetics Announces Patent Granted for SneakPeek Snap Device
Globe Newswire (Wed, 20-Mar 4:05 PM ET)
Globe Newswire (Tue, 27-Feb 9:15 AM ET)
Myriad Genetics is a molecular diagnostics company that provides testing services designed to assess an individual's risk of developing a disease. The firm produces MyRisk, a 48-gene panel with the capability to identify the elevated risk of developing 11 types of cancer. Other diagnostic products include BRACAnalysis CDx, the FDA-approved companion diagnostic for PARP inhibitors; GeneSight, which helps improve responses to psychotropic drugs for patients suffering from depression; and Prequel, a noninvasive prenatal test. Precise Oncology Solutions, launched in 2022, combines Precise Tumor with companion diagnostic and prognostic tests such as MyChoice CDx, Prolaris, and EndoPredict. The firm offers biomarker discovery and companion diagnostic services to pharma and biotech companies.
Myriad Genetics trades on the NASDAQ stock market under the symbol MYGN.
As of May 13, 2024, MYGN stock price declined to $24.93 with 1,054,007 million shares trading.
MYGN has a beta of 2.45, meaning it tends to be more sensitive to market movements. MYGN has a correlation of 0.28 to the broad based SPY ETF.
MYGN has a market cap of $2.26 billion. This is considered a Mid Cap stock.
Last quarter Myriad Genetics reported $202 million in Revenue and -$.01 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.09.
In the last 3 years, MYGN stock traded as high as $36.95 and as low as $13.82.
The top ETF exchange traded funds that MYGN belongs to (by Net Assets): IJR, VTI, IWM, XBI, VB.
MYGN has outperformed the market in the last year with a price return of +39.8% while the SPY ETF gained +28.2%. MYGN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.0% and +25.9%, respectively, while the SPY returned +5.8% and +2.1%, respectively.
MYGN support price is $24.67 and resistance is $26.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MYGN stock will trade within this expected range on the day.