Myo - Myomo, Inc.

Myomo, Inc., a commercial stage medical robotics Company, provides expanded mobility solutions for patients suffering from neurological disorders and upper limb paralysis in the United States. The company develops and markets MyoPro, a myoelectric elbow/wrist/hand orthosis that supports an impaired hands and arms of individuals due to a brachial plexus injury, stroke, spinal cord injury, traumatic brain injury, amyotrophic lateral sclerosis, multiple sclerosis, and other upper limb neuromuscular deficits. Myomo, Inc. and is headquartered in Cambridge, Massachusetts.

Company website - http://www.myomo.com
O/S = 11.1M
float = 3.37 M

 

This was a delayed IPO play that made a pretty nice move before heading down - had a nice run up to $11's not too long ago & i expect more to come!!

 

Seems to be edging higher which is a better pattern than volatility - at least in my book

 

Stock is only a fraction of its original float price - robotics/artificial limbs are a huge market!

What do the profit forecasts looks like for the short to medium term?

 

If this company shows any signs of returning to its former glories prior to the flotation, my guess is it would be picked up by a larger conglomerate or competitor. There are some stocks which are unsuitable for stock market flotations purely and simply because investors and analysts do not always understand them. This type of robotic assistance technology must take years to develop and even longer to monetise.

 

ER coming up 3/7 - Forbes - See How This Robotic Arm Brace Uses Neurological Signals To Restore Movement https://www.forbes.com/sites/jennif...cal-signals-to-restore-movement/#4860ae593903

 

Looks like the shares have broken through short term resistance - time to look again?

 

Robotic arm brings Platte City woman new life - http://www.kctv5.com/clip/14262222/robotic-arm-brings-platte-city-woman-new-life

 

This one is dead in the water right now so providing some reading material while we wait for the resuscitation!

Myomo Brings MyoPro to Adolescent Patients - https://finance.yahoo.com/news/myomo-brings-myopro-adolescent-patients-120000516.html

Myomo Announces MyoPro Availability in 16 New U.S. Locations - https://finance.yahoo.com/news/myomo-announces-myopro-availability-16-120000208.html

Myomo® Application for Medicare Codes Receives Favorable Preliminary Decision - https://finance.yahoo.com/news/myomo-application-medicare-codes-receives-120000268.html