Myriad Genetics Stock Revenue
| MYGN Stock | USD 15.71 0.22 1.42% |
Myriad Genetics fundamentals help investors to digest information that contributes to Myriad Genetics' financial success or failures. It also enables traders to predict the movement of Myriad Stock. The fundamental analysis module provides a way to measure Myriad Genetics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Myriad Genetics stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 753.2 M | 414.1 M |
Myriad | Revenue |
Myriad Genetics Company Revenue Analysis
Myriad Genetics' Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Myriad Genetics Revenue | 753.2 M |
Most of Myriad Genetics' fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Myriad Genetics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Historical and Projected quarterly revenue of Myriad
Projected quarterly revenue analysis of Myriad Genetics provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Myriad Genetics match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Myriad Genetics' stock price.
Myriad Revenue Driver Correlations
Understanding the fundamental principles of building solid financial models for Myriad Genetics is extremely important. It helps to project a fair market value of Myriad Stock properly, considering its historical fundamentals such as Revenue. Since Myriad Genetics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Myriad Genetics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Myriad Genetics' interrelated accounts and indicators.
| -0.72 | -0.56 | 0.95 | -0.63 | -0.82 | ||
| -0.72 | 0.61 | -0.8 | 0.93 | 0.62 | ||
| -0.56 | 0.61 | -0.51 | 0.37 | 0.12 | ||
| 0.95 | -0.8 | -0.51 | -0.77 | -0.88 | ||
| -0.63 | 0.93 | 0.37 | -0.77 | 0.69 | ||
| -0.82 | 0.62 | 0.12 | -0.88 | 0.69 |
Click cells to compare fundamentals
Myriad Revenue Historical Pattern
Today, most investors in Myriad Genetics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Myriad Genetics' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Myriad Genetics revenue as a starting point in their analysis.
Myriad Genetics Revenue |
| Timeline |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Myriad Current Deferred Revenue
Current Deferred Revenue |
|
Based on the latest financial disclosure, Myriad Genetics reported 753.2 M of revenue. This is 90.12% lower than that of the Biotechnology sector and 61.99% lower than that of the Health Care industry. The revenue for all United States stocks is 92.02% higher than that of the company.
Myriad Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Myriad Genetics' direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Myriad Genetics could also be used in its relative valuation, which is a method of valuing Myriad Genetics by comparing valuation metrics of similar companies.Myriad Genetics is currently under evaluation in revenue category among its peers.
Myriad Genetics ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Myriad Genetics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Myriad Genetics' managers, analysts, and investors.Environmental | Governance | Social |
Myriad Genetics Institutional Holders
Institutional Holdings refers to the ownership stake in Myriad Genetics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Myriad Genetics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Myriad Genetics' value.| Shares | Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.4 M | Sei Investments Co | 2024-06-30 | 2.4 M | Geode Capital Management, Llc | 2024-09-30 | 2.2 M | Nuveen Asset Management, Llc | 2024-06-30 | 1.4 M | Glenview Capital Management Llc | 2024-09-30 | 1.3 M | D. E. Shaw & Co Lp | 2024-09-30 | 1.2 M | Charles Schwab Investment Management Inc | 2024-09-30 | 1.1 M | Point72 Asset Management, L.p. | 2024-09-30 | 1.1 M | Northern Trust Corp | 2024-09-30 | 967.2 K | Blackrock Inc | 2024-06-30 | 15.2 M | Vanguard Group Inc | 2024-09-30 | 10.3 M |
Myriad Fundamentals
| Return On Equity | -0.16 | ||||
| Return On Asset | -0.0535 | ||||
| Profit Margin | (0.14) % | ||||
| Operating Margin | (0.08) % | ||||
| Current Valuation | 1.47 B | ||||
| Shares Outstanding | 91.04 M | ||||
| Shares Owned By Insiders | 2.01 % | ||||
| Shares Owned By Institutions | 97.99 % | ||||
| Number Of Shares Shorted | 4.48 M | ||||
| Price To Earning | 31.95 X | ||||
| Price To Book | 1.95 X | ||||
| Price To Sales | 1.74 X | ||||
| Revenue | 753.2 M | ||||
| Gross Profit | 476.4 M | ||||
| EBITDA | (33.9 M) | ||||
| Net Income | (263.3 M) | ||||
| Cash And Equivalents | 205.1 M | ||||
| Cash Per Share | 2.54 X | ||||
| Total Debt | 363.3 M | ||||
| Debt To Equity | 0.11 % | ||||
| Current Ratio | 3.07 X | ||||
| Book Value Per Share | 8.04 X | ||||
| Cash Flow From Operations | (110.9 M) | ||||
| Short Ratio | 7.93 X | ||||
| Earnings Per Share | (1.28) X | ||||
| Price To Earnings To Growth | 1.40 X | ||||
| Target Price | 23.79 | ||||
| Number Of Employees | 2.7 K | ||||
| Beta | 1.94 | ||||
| Market Capitalization | 1.43 B | ||||
| Total Asset | 1.15 B | ||||
| Retained Earnings | (629.5 M) | ||||
| Working Capital | 157.7 M | ||||
| Current Asset | 314.5 M | ||||
| Current Liabilities | 72.3 M | ||||
| Net Asset | 1.15 B |
About Myriad Genetics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Myriad Genetics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Myriad Genetics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Myriad Genetics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Myriad Genetics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Myriad Genetics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Myriad Genetics will appreciate offsetting losses from the drop in the long position's value.Moving together with Myriad Stock
| 0.65 | A | Agilent Technologies | PairCorr |
| 0.91 | ME | 23Andme Holding | PairCorr |
| 0.78 | VALN | Valneva SE ADR | PairCorr |
| 0.86 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Myriad Stock
| 0.76 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.47 | RNXT | RenovoRx | PairCorr |
| 0.46 | KZR | Kezar Life Sciences | PairCorr |
| 0.36 | MLYS | Mineralys Therapeutics, | PairCorr |
The ability to find closely correlated positions to Myriad Genetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Myriad Genetics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Myriad Genetics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Myriad Genetics to buy it.
The correlation of Myriad Genetics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Myriad Genetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Myriad Genetics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Myriad Genetics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Myriad Genetics Piotroski F Score and Myriad Genetics Altman Z Score analysis. To learn how to invest in Myriad Stock, please use our How to Invest in Myriad Genetics guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myriad Genetics. If investors know Myriad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myriad Genetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.28) | Revenue Per Share 9.205 | Quarterly Revenue Growth 0.112 | Return On Assets (0.05) | Return On Equity (0.16) |
The market value of Myriad Genetics is measured differently than its book value, which is the value of Myriad that is recorded on the company's balance sheet. Investors also form their own opinion of Myriad Genetics' value that differs from its market value or its book value, called intrinsic value, which is Myriad Genetics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myriad Genetics' market value can be influenced by many factors that don't directly affect Myriad Genetics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myriad Genetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myriad Genetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myriad Genetics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.