Myriad Genetics, Inc. (MYGN)

NASDAQ: MYGN · IEX Real-Time Price · USD
23.39
-0.36 (-1.52%)
Mar 21, 2023, 3:59 PM EDT - Market closed
-1.52%
Market Cap 1.90B
Revenue (ttm) 678.40M
Net Income (ttm) -112.00M
Shares Out 81.22M
EPS (ttm) -1.39
PE Ratio n/a
Forward PE 40.98
Dividend n/a
Ex-Dividend Date n/a
Volume 388,838
Open 23.80
Previous Close 23.75
Day's Range 23.17 - 23.96
52-Week Range 13.92 - 28.18
Beta 1.83
Analysts Sell
Price Target 20.97 (-10.35%)
Earnings Date May 4, 2023

About MYGN

Myriad Genetics, Inc., a genetic testing and precision medicine company, develops and commercializes genetic tests in the United States and internationally. The company offers molecular diagnostic tests for use in oncology, and women's and mental health applications. It provides MyRisk Hereditary Cancer Test, a DNA sequencing test for assessing the risks for hereditary cancers; BRACAnalysis CDx Germline Companion Diagnostic Test, a DNA sequencing test to help determine the therapy for patients with metastatic breast, ovarian, metastatic pancrea... [Read more]

Sector Healthcare
IPO Date Oct 5, 1995
Employees 2,400
Stock Exchange NASDAQ
Ticker Symbol MYGN
Full Company Profile

Financial Performance

In 2022, MYGN's revenue was $678.40 million, a decrease of -1.77% compared to the previous year's $690.60 million. Losses were -$112.00 million, 311.8% more than in 2021.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for MYGN stock is "Sell." The 12-month stock price forecast is $20.97, which is a decrease of -10.35% from the latest price.

Price Target
$20.97
(-10.35% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Myriad Genetics' (MYGN) New Pact to Extend HRD Testing Access

Myriad Genetics (MYGN), together with Illumina, will seek joint HRD companion diagnostics partnerships with pharmaceutical companies globally.

2 weeks ago - Zacks Investment Research

Larry Robbins' Firm Boosts 2 Health Care Stocks

Glenview Capital Management, the firm founded by Larry Robbins (Trades, Portfolio), disclosed in regulatory filings that it boosted during February its holdings in Myriad Genetics Inc. ( MYGN , Financ...

Other symbols: BFLY
2 weeks ago - GuruFocus

Illumina and Myriad Genetics expand partnership to broaden access to HRD testing in the United States

Strategic partnership offers a unique combination of diagnostic development and commercialization capabilities to the pharmaceutical industry SAN DIEGO , March 2, 2023 /PRNewswire/ -- Illumina Inc. (N...

Other symbols: ILMN
2 weeks ago - PRNewsWire

Myriad Genetics (MYGN) Q4 Earnings Top, Gross Margin Falls

Myriad Genetics (MYGN) hereditary cancer testing volume registered strong growth in the fourth quarter. GeneSight comes up with yet another strong performance.

2 weeks ago - Zacks Investment Research

Myriad Genetics Applauds New Expanded Carrier Screening Practice Guidelines from NSGC

SALT LAKE CITY, March 01, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced its support for the first evidence-based e...

2 weeks ago - GlobeNewsWire

Myriad Genetics (MYGN) Reports Q4 Loss, Tops Revenue Estimates

Myriad (MYGN) delivered earnings and revenue surprises of 25% and 5.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Myriad Genetics to Release Fourth-Quarter Financial Results on Feb. 28, 2023

SALT LAKE CITY, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, will hold its fourth-quarter earnings conference call on Tu...

3 weeks ago - GlobeNewsWire

Myriad Genetics to Participate in Upcoming Healthcare Conferences

SALT LAKE CITY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced management will participate at the upcoming...

1 month ago - GlobeNewsWire

Myriad Genetics Highlights 2022 Research Findings that Help Advance More Accessible and Equitable Genetic Testing

SALT LAKE CITY, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, highlighted impactful clinical studies from 2022 that under...

1 month ago - GlobeNewsWire

Myriad Genetics (MYGN) Ailed by Mounting Costs, FX Headwind

Myriad Genetics' (MYGN) significant gross margin contraction and operating loss as a result of mounting cost pressure are concerning.

2 months ago - Zacks Investment Research

Myriad Genetics Applauds New Guidelines Recommending Screening for Chromosomal Abnormalities

SALT LAKE CITY, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced its support for a recent guideline update b...

2 months ago - GlobeNewsWire

Myriad Genetics to Present at 41st Annual J.P. Morgan Healthcare Conference

SALT LAKE CITY, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced Paul J. Diaz, president and chief executive...

2 months ago - GlobeNewsWire

Myriad Genetics Hires Five Senior Leaders to Advance Commercial Growth Plans

SALT LAKE CITY, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced the addition of five senior executives to h...

3 months ago - GlobeNewsWire

Myriad Genetics Patient Outcomes Study Shows RiskScore Leads to More Accurate Breast Cancer Risk Prediction than Standard-of-Care Risk Model

Myriad's MyRisk™ Hereditary Cancer test with RiskScore® provides a personalized breast cancer risk assessment for women of all ancestries Myriad's MyRisk™ Hereditary Cancer test with RiskScore® provid...

3 months ago - GlobeNewsWire

Myriad Genetics to Present New Data at San Antonio Breast Cancer Symposium Showcasing Advancements in Breast Cancer Risk Assessment and Treatment

SALT LAKE CITY, Nov. 29, 2022 (GLOBE NEWSWIRE) --   Myriad Genetics, Inc ., (NASDAQ: MYGN) a leader in genetic testing and precision medicine, today announced multiple presentations of new data at the...

3 months ago - GlobeNewsWire

GeneSight Mental Health Monitor Reveals Gap on the Front Line of Mental Health Care

Survey finds primary care providers wish patients would raise mental health concerns so they can provide better overall care Survey finds primary care providers wish patients would raise mental health...

4 months ago - GlobeNewsWire

Myriad Genetics' (MYGN) UroSuite to Improve Tailored Treatment

Myriad Genetics' (MYGN) latest launch is expected to aid clinicians with access to tools that can assist them with turnaround times and report interpretation.

4 months ago - Zacks Investment Research

Myriad Genetics Focuses on Expanding Access, Collaboration and Equity in Genetic Testing at National Society of Genetic Counselors Meeting

SALT LAKE CITY, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, will spotlight efforts to expand access to prenatal and her...

4 months ago - GlobeNewsWire

Myriad Genetics Announces UroSuite™, an Industry-First Suite of Genetic Tests for Prostate Cancer, Giving Urologists Access to Timely, Data-driven Medical Information

SALT LAKE CITY, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced the launch of UroSuite, a comprehensive sui...

4 months ago - GlobeNewsWire

New Study Published in JCO Precision Oncology Features Data Validating Personalized Breast Cancer Risk Assessments for Women of All Ancestries

SALT LAKE CITY, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, announced today JCO Precision Oncology has published a stud...

4 months ago - GlobeNewsWire

Myriad Genetics (MYGN) Q3 Earnings Miss, Gross Margin Falls

Myriad Genetics (MYGN) hereditary cancer testing volume returns to growth in the third quarter. GeneSight comes up with yet another strong performance.

4 months ago - Zacks Investment Research

Myriad Genetics (MYGN) Reports Q3 Loss, Lags Revenue Estimates

Myriad (MYGN) delivered earnings and revenue surprises of -375% and 9.13%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Myriad Genetics Expands Consumer Access to Genetic Testing with Acquisition of Gateway Genomics and Its Market-Leading SneakPeek® Early Gender DNA Test

SALT LAKE CITY, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced that it has acquired Gateway Genomics, LLC,...

5 months ago - GlobeNewsWire

Myriad Genetics Reports Third Quarter Financial Results

Highlights:

5 months ago - GlobeNewsWire