MyoKardia Inc. (MYOK) Trading Down 8%

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MyoKardia Inc. (NASDAQ:MYOK) fell 8% during trading on Friday . The stock traded as low as $20.20 and last traded at $20.47, with a volume of 117,206 shares trading hands. The stock had previously closed at $22.25.
Several brokerages recently commented on MYOK. Zacks Investment Research lowered MyoKardia from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG restated a “buy” rating and set a $20.00 target price (up previously from $16.00) on shares of MyoKardia in a research report on Tuesday, July 12th. Wedbush restated an “outperform” rating and set a $22.00 target price on shares of MyoKardia in a research report on Thursday, May 12th. BMO Capital Markets began coverage on MyoKardia in a research report on Wednesday, July 20th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Cowen and Company restated a “buy” rating on shares of MyoKardia in a research report on Friday, May 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. MyoKardia has a consensus rating of “Buy” and an average target price of $23.50.
The stock’s market cap is $541.75 million. The stock has a 50-day moving average of $19.40 and a 200 day moving average of $13.66.

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MyoKardia (NASDAQ:MYOK) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.04. MyoKardia had a negative return on equity of 62.91% and a negative net margin of 222.21%. The firm had revenue of $3.55 million for the quarter, compared to the consensus estimate of $3.55 million. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts expect that MyoKardia Inc. will post ($1.50) EPS for the current year.
MyoKardia Company Profile
MyoKardia, Inc is a clinical-stage biopharmaceutical company. The Company focuses on the treatment of heritable cardiomyopathies, a group of rare, genetically-driven forms of heart failure that results from biomechanical defects in cardiac muscle contraction. It is engaged in the business of developing and commercializing therapeutics.

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