Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.90 on Myriad Genetics, Inc. (NASDAQ:MYGN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.08 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Myriad Genetics, Inc. (NASDAQ:MYGN) stands at 12.44.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Myriad Genetics, Inc., the PEG ratio for coming 3-5 years is 3.50.
The technical analysis highlights that Myriad Genetics, Inc. current is trading $-7.74 points away or -26.67% from its 50-day moving average of $29.01. Further it is trading $-12.46 or -36.93% away its 200-day moving average of $33.73.
The 52-week high of Myriad Genetics, Inc. (NASDAQ:MYGN) was $46.24 while lowest point recorded in 52-week was $19.10. It implies if stock price makes a movement of over $-24.97, it will record a new 52-week high. In the case of +11.36% drop, it will touch a new 52-week low.
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