MYNA Stock Summary and Trading Ideas (Mynaric Ag - American Depository Shares | NASDAQ:MYNA)

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminals. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eyes, satellite constellations, earth observation satellites, and others. Geographically, its key revenue is derived from the United States.

Mynaric Ag - American Depository Shares trades on the NASDAQ stock market under the symbol MYNA.

As of January 3, 2025, MYNA stock price climbed to $0.92 with 866,713 million shares trading.

MYNA has a beta of -1.04, meaning it tends to be less sensitive to market movements. MYNA has a correlation of 0.00 to the broad based SPY ETF.

MYNA has a market cap of $23.20 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, MYNA traded as high as $13.20 and as low as $.33.

The top ETF exchange traded funds that MYNA belongs to (by Net Assets): GCAD.

MYNA has underperformed the market in the last year with a return of -84.0%, while the SPY ETF gained +27.8%. In the last 3 month period, MYNA fell short of the market, returning -38.4%, while SPY returned +4.6%. However, in the most recent 2 weeks MYNA has outperformed the stock market by returning +118.4%, while SPY returned +0.1%.

MYNA support price is $.73 and resistance is $.97 (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 MYNA shares will trade within this expected range on the day.