Myovant Sciences Ltd (NYSE:MYOV)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $19.10 and last traded at $19.11, with a volume of 112898 shares. The stock had previously closed at $16.92.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Myovant Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Cowen reiterated a “buy” rating on shares of Myovant Sciences in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Myovant Sciences presently has a consensus rating of “Buy” and a consensus price target of $22.50.
The stock has a market capitalization of $994.13, a price-to-earnings ratio of -9.74 and a beta of -0.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.04 and a quick ratio of 5.04.
A number of hedge funds have recently added to or reduced their stakes in MYOV. Ardsley Advisory Partners acquired a new position in Myovant Sciences in the fourth quarter valued at $1,272,000. Point72 Asset Management L.P. acquired a new position in Myovant Sciences in the third quarter valued at $1,255,000. Goldman Sachs Group Inc. acquired a new position in Myovant Sciences in the second quarter valued at $174,000. Finally, JPMorgan Chase & Co. lifted its holdings in Myovant Sciences by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 91,213 shares of the company’s stock valued at $1,382,000 after buying an additional 14,203 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.
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About Myovant Sciences
Myovant Sciences Ltd. is a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for women’s health diseases and other endocrine-related disorders. Its main product candidate is Relugolix. Relugolix is an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone (GnRH) receptor antagonist that binds to and inhibits receptors in the anterior pituitary gland.
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