NASDAQ:MYNA

Mynaric (MYNA) Stock Forecast, Price & News

$6.30

-0.20 (-3.08%)

(As of 10:05 AM ET)

Compare

Today's Range: $6.11
▼
$6.57
50-Day Range: $5.76
▼
$7.60
52-Week Range: $3.37
▼
$9.71

Volume: 922 shs
Average Volume: 5,790 shs
Market Capitalization: $142.44 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.00

Mynaric MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 84.6% Upside
$12.00 Price Target
Short Interest: Healthy
0.03% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.86) to ($2.09) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars

Computer And Technology Sector

471st out of 606 stocks

Communication Services, Not Elsewhere Classified Industry

7th out of 9 stocks

3.3

Analyst's Opinion

Consensus Rating
Mynaric has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.00, Mynaric has a forecasted upside of 84.6% from its current price of $6.50.
Amount of Analyst Coverage
Mynaric has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.03% of the outstanding shares of Mynaric have been sold short.
Short Interest Ratio / Days to Cover
Mynaric has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Mynaric has recently decreased by 48.36%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Mynaric does not currently pay a dividend.
Dividend Growth
Mynaric does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MYNA.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Mynaric this week, compared to 3 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mynaric insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 4.15% of the stock of Mynaric is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Mynaric are expected to grow in the coming year, from ($2.86) to ($2.09) per share.
Price to Book Value per Share Ratio
Mynaric has a P/B Ratio of 5.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Mynaric (NASDAQ:MYNA) Stock

Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance data transmission between moving objects for wireless terrestrial, airborne, and space applications in Germany and internationally. The company offers CONDOR, an optical inter-satellite link flight terminal for satellite-to-satellite communications in space; and HAWK, an airborne flight terminal for air-to-air and air-to-ground links of airborne vehicles. Its products provide connectivity solutions to link satellites, high-altitude platforms, unmanned aerial vehicles, aircraft, and the ground. The company was incorporated in 2009 and is headquartered in Gilching, Germany.

Receive MYNA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Mynaric and its competitors with MarketBeat's FREE daily newsletter.

MYNA Stock News Headlines

May 31, 2023 | finance.yahoo.com

Mynaric Announces Management Participation in Upcoming Investor Conferences

May 27, 2023 | americanbankingnews.com

Reviewing Mynaric (NASDAQ:MYNA) & Telecom Italia (OTCMKTS:TIAIY)

June 5, 2023 | Edge On The Street (Ad)

The Graphite Shortage Story You're Not Being Told

Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.

May 16, 2023 | marketwatch.com

Global Laser Communication Equipment Market Size 2023-2031 Competitive Landscape by Absolute Reports | with [98 Pages]

May 14, 2023 | americanbankingnews.com

Mynaric (NASDAQ:MYNA) Stock Price Down 2.3%

May 13, 2023 | markets.businessinsider.com

Mynaric AG (MOYFF) Receives a Buy from Kepler Capital

May 12, 2023 | marketwatch.com

Laser Communication System Market 2023-2030 Business Report

May 12, 2023 | finanznachrichten.de

Mynaric AG: Co-CEO Bulent Altan Aims for Transfer to the Company's Supervisory Board; Co-CEO Mustafa Veziroglu will Become the Sole CEO

June 5, 2023 | Edge On The Street (Ad)

New "Mined in America" Lithium Opportunities?

The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.

May 11, 2023 | uk.finance.yahoo.com

Mynaric optimizes management structure: Mustafa Veziroglu will become sole CEO with Bulent Altan set to join Supervisory Board

May 11, 2023 | uk.finance.yahoo.com

Mynaric: Co-CEO Bulent Altan aims for transfer to the Company’s Supervisory Board; Co-CEO Mustafa Veziroglu will become the sole CEO

May 11, 2023 | finanznachrichten.de

Mynaric AG: Mynaric: Co-CEO Bulent Altan Aims for Transfer to the Company's Supervisory Board; Co-CEO Mustafa Veziroglu will Become the Sole CEO

May 11, 2023 | finanznachrichten.de

Mynaric AG: Mynaric Optimizes Management Structure: Mustafa Veziroglu Will Become Sole CEO with Bulent Altan Set to Join Supervisory Board

May 5, 2023 | marketwatch.com

Optical Satcom Terminals Market Analysis by Top Companies and Forecast 2031

May 2, 2023 | finance.yahoo.com

Mynaric Receives Order from Loft Federal for CONDOR Mk3 Optical Communications Terminals to Support NExT – SDA’s Experimental Testbed

April 29, 2023 | marketwatch.com

Satellite Laser Communication System Market Overview 2023 to 2030, Future Trends and Industry Forecast | TESAT Spacecom (Airbus), SpaceX, Mynaric AG

April 27, 2023 | finanznachrichten.de

Mynaric AG: Mynaric Announces Preliminary Unaudited Full-Year 2022 Results

April 27, 2023 | markets.businessinsider.com

EQS-News: Mynaric Announces Preliminary Unaudited Full-Year 2022 Results

April 27, 2023 | finance.yahoo.com

Mynaric Announces Preliminary Unaudited Full-Year 2022 Results

April 27, 2023 | markets.businessinsider.com

Kepler Capital Remains a Buy on Mynaric AG (MOYFF)

April 25, 2023 | msn.com

Mynaric Secures €80M Via Debt/Equity Financing

April 25, 2023 | finance.yahoo.com

Mynaric Secures EUR 80.6 Million Debt/Equity Financing by Way of a US$75 Million Secured Loan and a EUR 12.4 Million Capital Increase From Authorized Capital

April 24, 2023 | finance.yahoo.com

Mynaric Announces Date of Preliminary Full-Year 2022 Financial Results Webcast and Provides Preliminary Full-Year 2022 Results Update

April 22, 2023 | marketwatch.com

Free Space Optics Communication Technology Market by 2031

April 20, 2023 | marketwatch.com

Optical Satcom Terminals Market Forecast to 2031

April 19, 2023 | marketwatch.com

2023-2030 Satellite Laser Communication System Market Size and Share Trends

April 13, 2023 | marketwatch.com

Free Space Optical Communications (FSOC) Market Growth Strategies 2029

See More Headlines

MYNA Price History

30 days | 90 days | 365 days | Advanced Chart

MYNA Company Calendar

Today: 6/04/2023
Next Earnings (Estimated): 7/31/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Communication services, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:MYNA
CUSIP: N/A
CIK: 1850453
Web: mynaric.com
Phone: 49-8105-799-9106
Fax: N/A
Employees: 214
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.00
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +84.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 0.70
Quick Ratio: 0.39

Sales & Book Value

Annual Sales: $4.66 million
Price / Sales: 31.54
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.30 per share
Price / Book: 5.00

Miscellaneous

Outstanding Shares: 22,610,000
Free Float: 21,388,000
Market Cap: $146.97 million
Optionable: Not Optionable
Beta: 1.64

Key Executives

Mr. Emin Bulent Altan (Age 44)
Chairman of the Management Board & CEO
Comp: $523.13k

Mr. Joachim Horwath (Age 48)
Founder, CTO & Member of Management Board
Comp: $191.1k

Mr. Stefan Berndt-Von Bulow (Age 46)
CFO & Member of Management Board
Comp: $265.84k

Mr. Mustafa Veziroglu
Pres & Member of Management Board

Tino Schuldt
Chief Operating Officer

Mr. Sven Meyer-Brunswick
Chief Corp. Devel. & Communications Program Officer

Ms. Tina Ghataore
Chief Commercial Officer

Dr. Stefan Bindl
Head of Engineering

Luis Martin-Navajas
Chief Engineer

Key Competitors

View All Competitors

Institutional Ownership

ARK Investment Management LLC
Sold 22,162 shares on 4/17/2023
Ownership: 2.806%

View All Institutional Transactions

MYNA Stock - Frequently Asked Questions

Should I buy or sell Mynaric stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mynaric in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MYNA shares.
View MYNA analyst ratings or view top-rated stocks.
What is Mynaric's stock price forecast for 2023?: 2 equities research analysts have issued 1-year price objectives for Mynaric's stock. Their MYNA share price forecasts range from $4.00 to $20.00. On average, they predict the company's stock price to reach $12.00 in the next year. This suggests a possible upside of 84.6% from the stock's current price.
View analysts price targets for MYNA or view top-rated stocks among Wall Street analysts.
How have MYNA shares performed in 2023?: Mynaric's stock was trading at $4.2393 at the start of the year. Since then, MYNA stock has increased by 53.3% and is now trading at $6.50.
View the best growth stocks for 2023 here.
Are investors shorting Mynaric?: Mynaric saw a decline in short interest in May. As of May 15th, there was short interest totaling 6,300 shares, a decline of 48.4% from the April 30th total of 12,200 shares. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is presently 1.3 days.
View Mynaric's Short Interest.
When is Mynaric's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, July 31st 2023.
View our MYNA earnings forecast.
What ETF holds Mynaric's stock ?: ARK Space Exploration & Innovation ETF holds 623,430 shares of MYNA stock, representing 1.54% of its portfolio.

When did Mynaric IPO?: (MYNA) raised $66 million in an IPO on Friday, November 12th 2021. The company issued 4,000,000 shares at a price of $16.50 per share. Credit Suisse, Jefferies, Canaccord Genuity and Beech Hill Securities acted as the underwriters for the IPO.
What is Mynaric's stock symbol?: Mynaric trades on the NASDAQ under the ticker symbol "MYNA."
Who are Mynaric's major shareholders?: Mynaric's stock is owned by a variety of retail and institutional investors. Top institutional investors include ARK Investment Management LLC (2.81%).
How do I buy shares of Mynaric?: Shares of MYNA 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.
Compare Top Brokerages Here.
What is Mynaric's stock price today?: One share of MYNA stock can currently be purchased for approximately $6.50.
How much money does Mynaric make?: Mynaric (NASDAQ:MYNA) has a market capitalization of $146.97 million and generates $4.66 million in revenue each year.
How many employees does Mynaric have?: The company employs 214 workers across the globe.
How can I contact Mynaric?: The official website for the company is mynaric.com. The company can be reached via phone at 49-8105-799-9106 or via email at comms@mynaric.com.

This page (NASDAQ:MYNA) was last updated on 6/5/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial