NASDAQ:MYNA Mynaric (MYNA) Stock Forecast, Price & News $6.30 -0.20 (-3.08%) (As of 10:05 AM ET) Add Compare Share Share Today's Range$6.11▼$6.5750-Day Range$5.76▼$7.6052-Week Range$3.37▼$9.71Volume922 shsAverage Volume5,790 shsMarket Capitalization$142.44 millionP/E RatioN/ADividend YieldN/APrice Target$12.00 ProfileProfileAnalyst RatingsChartCompetitorsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Mynaric MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside84.6% Upside$12.00 Price TargetShort InterestHealthy0.03% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.86) to ($2.09) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector471st out of 606 stocksCommunication Services, Not Elsewhere Classified Industry7th out of 9 stocks 3.3 Analyst's Opinion Consensus RatingMynaric 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/DownsideAccording 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 CoverageMynaric has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.03% of the outstanding shares of Mynaric have been sold short.Short Interest Ratio / Days to CoverMynaric 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 monthShort interest in Mynaric has recently decreased by 48.36%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldMynaric does not currently pay a dividend.Dividend GrowthMynaric does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MYNA. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Mynaric this week, compared to 3 articles on an average week. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mynaric insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 4.15% of the stock of Mynaric is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Mynaric are expected to grow in the coming year, from ($2.86) to ($2.09) per share.Price to Book Value per Share RatioMynaric 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. Previous Next See Top Rated MarketRank™ Stocks Here About Mynaric (NASDAQ:MYNA) StockMynaric 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.Read More 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. Email Address MYNA Stock News HeadlinesMay 31, 2023 | finance.yahoo.comMynaric Announces Management Participation in Upcoming Investor ConferencesMay 27, 2023 | americanbankingnews.comReviewing Mynaric (NASDAQ:MYNA) & Telecom Italia (OTCMKTS:TIAIY)June 5, 2023 | Edge On The Street (Ad)The Graphite Shortage Story You're Not Being ToldGraphite 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.comGlobal Laser Communication Equipment Market Size 2023-2031 Competitive Landscape by Absolute Reports | with [98 Pages]May 14, 2023 | americanbankingnews.comMynaric (NASDAQ:MYNA) Stock Price Down 2.3%May 13, 2023 | markets.businessinsider.comMynaric AG (MOYFF) Receives a Buy from Kepler CapitalMay 12, 2023 | marketwatch.comLaser Communication System Market 2023-2030 Business ReportMay 12, 2023 | finanznachrichten.deMynaric AG: Co-CEO Bulent Altan Aims for Transfer to the Company's Supervisory Board; Co-CEO Mustafa Veziroglu will Become the Sole CEOJune 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.comMynaric optimizes management structure: Mustafa Veziroglu will become sole CEO with Bulent Altan set to join Supervisory BoardMay 11, 2023 | uk.finance.yahoo.comMynaric: Co-CEO Bulent Altan aims for transfer to the Company’s Supervisory Board; Co-CEO Mustafa Veziroglu will become the sole CEOMay 11, 2023 | finanznachrichten.deMynaric AG: Mynaric: Co-CEO Bulent Altan Aims for Transfer to the Company's Supervisory Board; Co-CEO Mustafa Veziroglu will Become the Sole CEOMay 11, 2023 | finanznachrichten.deMynaric AG: Mynaric Optimizes Management Structure: Mustafa Veziroglu Will Become Sole CEO with Bulent Altan Set to Join Supervisory BoardMay 5, 2023 | marketwatch.comOptical Satcom Terminals Market Analysis by Top Companies and Forecast 2031May 2, 2023 | finance.yahoo.comMynaric Receives Order from Loft Federal for CONDOR Mk3 Optical Communications Terminals to Support NExT – SDA’s Experimental TestbedApril 29, 2023 | marketwatch.comSatellite Laser Communication System Market Overview 2023 to 2030, Future Trends and Industry Forecast | TESAT Spacecom (Airbus), SpaceX, Mynaric AGApril 27, 2023 | finanznachrichten.deMynaric AG: Mynaric Announces Preliminary Unaudited Full-Year 2022 ResultsApril 27, 2023 | markets.businessinsider.comEQS-News: Mynaric Announces Preliminary Unaudited Full-Year 2022 ResultsApril 27, 2023 | finance.yahoo.comMynaric Announces Preliminary Unaudited Full-Year 2022 ResultsApril 27, 2023 | markets.businessinsider.comKepler Capital Remains a Buy on Mynaric AG (MOYFF)April 25, 2023 | msn.comMynaric Secures €80M Via Debt/Equity FinancingApril 25, 2023 | finance.yahoo.comMynaric 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 CapitalApril 24, 2023 | finance.yahoo.comMynaric Announces Date of Preliminary Full-Year 2022 Financial Results Webcast and Provides Preliminary Full-Year 2022 Results UpdateApril 22, 2023 | marketwatch.comFree Space Optics Communication Technology Market by 2031April 20, 2023 | marketwatch.comOptical Satcom Terminals Market Forecast to 2031April 19, 2023 | marketwatch.com2023-2030 Satellite Laser Communication System Market Size and Share TrendsApril 13, 2023 | marketwatch.comFree Space Optical Communications (FSOC) Market Growth Strategies 2029See More Headlines MYNA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MYNA Company Calendar Today6/04/2023Next Earnings (Estimated)7/31/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Communication services, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:MYNA CUSIPN/A CIK1850453 Webmynaric.com Phone49-8105-799-9106FaxN/AEmployees214Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio0.25 Current Ratio0.70 Quick Ratio0.39 Sales & Book Value Annual Sales$4.66 million Price / Sales31.54 Cash FlowN/A Price / Cash FlowN/A Book Value$1.30 per share Price / Book5.00Miscellaneous Outstanding Shares22,610,000Free Float21,388,000Market Cap$146.97 million OptionableNot Optionable Beta1.64 Key ExecutivesMr. Emin Bulent Altan (Age 44)Chairman of the Management Board & CEO Comp: $523.13kMr. Joachim Horwath (Age 48)Founder, CTO & Member of Management Board Comp: $191.1kMr. Stefan Berndt-Von Bulow (Age 46)CFO & Member of Management Board Comp: $265.84kMr. Mustafa VezirogluPres & Member of Management BoardTino SchuldtChief Operating OfficerMr. Sven Meyer-BrunswickChief Corp. Devel. & Communications Program OfficerMs. Tina GhataoreChief Commercial OfficerDr. Stefan BindlHead of EngineeringLuis Martin-NavajasChief EngineerMore ExecutivesKey CompetitorsTelesatNASDAQ:TSATAllegoNYSE:ALLGPark City GroupNASDAQ:PCYGRADCOMNASDAQ:RDCMBackblazeNASDAQ:BLZEView All CompetitorsInstitutional OwnershipARK Investment Management LLCSold 22,162 shares on 4/17/2023Ownership: 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Mynaric AG Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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 Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.