Myriad Genetics - MYGN Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Myriad Genetics in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MYGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MYGN, but not buy additional shares or sell existing shares.
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4 brokerages have issued 12-month target prices for Myriad Genetics' stock. Their MYGN share price forecasts range from $22.00 to $32.00. On average, they predict the company's share price to reach $25.40 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
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Myriad Genetics' stock was trading at $14.51 on January 1st, 2023. Since then, MYGN shares have increased by 37.6% and is now trading at $19.96.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Myriad Genetics, Inc. (NASDAQ:MYGN) posted its quarterly earnings data on Tuesday, November, 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.02). The firm earned $167.30 million during the quarter, compared to the consensus estimate of $164.35 million. Myriad Genetics had a negative net margin of 11.69% and a negative trailing twelve-month return on equity of 4.86%. During the same quarter in the prior year, the company posted ($0.19) EPS.

Myriad Genetics issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of -$0.35--$0.30 for the period, compared to the consensus earnings per share estimate of -$0.06. The company issued revenue guidance of $668.00 million-$672.00 million, compared to the consensus revenue estimate of $692.18 million.

12 employees have rated Myriad Genetics Chief Executive Officer Paul Diaz on Glassdoor.com. Paul Diaz has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Myriad Genetics investors own include Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Gilead Sciences (GILD), BioMarin Pharmaceutical (BMRN), Incyte (INCY), Puma Biotechnology (PBYI), AT&T (T), Alibaba Group (BABA) and Kratos Defense & Security Solutions (KTOS).

Myriad Genetics trades on the NASDAQ under the ticker symbol "MYGN."

Myriad Genetics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.23%), New York State Common Retirement Fund (0.20%), State of New Jersey Common Pension Fund D (0.15%), Assenagon Asset Management S.A. (0.11%), Comerica Bank (0.11%) and Fifth Third Bancorp (0.08%). Insiders that own company stock include Alexander Ford, Daniel K Spiegelman, Dennis Langer, Jayne B Hart, Jerry S Lanchbury, Jerry S Lanchbury, Nicole Lambert, Paul Parkinson, Richard Bryan Riggsbee and S Louise Phanstiel.
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Shares of MYGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MYGN stock can currently be purchased for approximately $19.96.

Myriad Genetics (NASDAQ:MYGN) has a market capitalization of $1.62 billion and generates $690.60 million in revenue each year. The company earns $-27,200,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis.

The company employs 2,400 workers across the globe.

Myriad Genetics' mailing address is 320 WAKARA WAY, SALT LAKE CITY UT, 84108. The official website for the company is www.myriad.com. The company can be reached via phone at (801) 584-3600, via email at sgleason@myriad.com, or via fax at 801-584-3640.