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Myriad Genetics (MYGN)
NASDAQ:MYGN
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Myriad Genetics (MYGN) Price & Analysis

432 Followers

MYGN Stock Chart & Stats

$3.19
-$0.09(-1.58%)
At close: 4:00 PM EDT
$3.19
-$0.09(-1.58%)

Bulls Say, Bears Say

Bulls Say
Strong Gross MarginsSustained gross margins near 69–71% show that Myriad’s testing portfolio retains solid economics at the product level, providing a foundation for future operating leverage if the company can control costs and restore growth.
Positive Equity CushionPositive equity gives Myriad a balance-sheet cushion and indicates leverage is not excessive in absolute terms. This provides more flexibility to fund operations and pursue its diagnostic strategy while profitability remains under pressure.
Improved Operating Cash FlowThe return to positive operating cash flow is an improvement from large outflows in 2022–2023 and suggests some progress in cash conversion. If sustained, it could reduce reliance on external financing as the business works toward profitability.
Bears Say
Persistent Operating LossesLarge operating losses continue to overwhelm Myriad’s strong gross margins, showing that the current cost structure is not supported by revenue. Persistent losses weaken retained capital and make durable earnings improvement dependent on major operating changes.
Revenue ContractionRecent revenue contraction follows stronger growth in 2023–2024 and signals weaker demand or execution across the testing portfolio. Without renewed volume growth or improved test mix, fixed operating costs will remain difficult to absorb.
Fragile Cash GenerationNegative and historically volatile free cash flow limits Myriad’s ability to self-fund investment, debt reduction, or strategic initiatives. The modest operating cash inflow has not yet translated into durable cash generation after capital spending.

Myriad Genetics News

MYGN FAQ

What was Myriad Genetics’s price range in the past 12 months?
Myriad Genetics lowest stock price was $2.74 and its highest was $8.59 in the past 12 months.
    What is Myriad Genetics’s market cap?
    Myriad Genetics’s market cap is $308.95M.
      When is Myriad Genetics’s upcoming earnings report date?
      Myriad Genetics’s upcoming earnings report date is Nov 09, 2026 which is in 66 days.
        How were Myriad Genetics’s earnings last quarter?
        Myriad Genetics released its earnings results on Jul 30, 2026. The company reported -$0.25 earnings per share for the quarter, missing the consensus estimate of -$0.058 by -$0.192.
          Is Myriad Genetics overvalued?
          According to Wall Street analysts Myriad Genetics’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Myriad Genetics pay dividends?
            Myriad Genetics pays a Monthly dividend of $1.75 which represents an annual dividend yield of N/A. See more information on Myriad Genetics dividends here
              What is Myriad Genetics’s EPS estimate?
              Myriad Genetics’s EPS estimate is -0.21.
                How many shares outstanding does Myriad Genetics have?
                Myriad Genetics has 95,649,640 shares outstanding.
                  What happened to Myriad Genetics’s price movement after its last earnings report?
                  Myriad Genetics reported an EPS of -$0.25 in its last earnings report, missing expectations of -$0.058. Following the earnings report the stock price went down -46.741%.
                    Which hedge fund is a major shareholder of Myriad Genetics?
                    Currently, no hedge funds are holding shares in MYGN
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Myriad Genetics

                      Myriad Genetics, Inc., a molecular diagnostics and precision medicine company, develops molecular tests. The company offers molecular diagnostic tests for oncology, women’s health, and pharmacogenomics. It also provides MyRisk Hereditary Cancer test, a DNA sequencing test for hereditary cancers; BRACAnalysis CDx Germline Companion Diagnostic test, a DNA sequencing test for metastatic breast, ovarian, metastatic pancreatic, and metastatic prostate cancer with deleterious or suspected deleterious germline BRCA variants; and MyChoice CDx Companion Diagnostic test, a tumor test that determines homologous recombination deficiency status in patients with ovarian cancer. In addition, the company offers Prolaris Prostate Cancer Prognostic test, an RNA expression tumor analysis for assessing the aggressiveness of prostate cancer; EndoPredict Breast Cancer Prognostic test, an RNA expression test for assessing the aggressiveness of breast cancer; Precise Tumor Molecular Profile test, a genomic profiling test; Prequel Prenatal Screen, a non-invasive prenatal screening test conducted using maternal blood to screen for severe chromosomal disorders in a fetus; Foresight Carrier Screen, a prenatal test for future parents to assess their risk of passing on a recessive genetic condition to their offspring; SneakPeek Early Gender DNA test, a non-invasive blood test that predicts the gender of a fetus; FirstGene; and GeneSight Psychotropic Mental Health Medication test, a DNA genotyping test to aid psychotropic drug selection for depression, anxiety, attention-deficit/hyperactivity disorder, and other mental health conditions. It has a license collaboration with Illumina, Inc.; University of Texas M.D. Anderson Cancer Center; Mayo Foundation for Medical Education and Research; Children’s Medical Center in Boston; Institut Curie and INSERM; and Eurobio Scientific SA. The company was founded in 1991 and is headquartered in Salt Lake City, Utah.

                      Myriad Genetics (MYGN) Earnings & Revenues

                      MYGN Company Deck

                      MYGN Earnings Call

                      Q2 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call emphasized meaningful progress in core growth engines (double-digit hereditary cancer growth, robust GeneSight performance, solid gross margins and a deep product pipeline) and management reaffirmed full-year guidance and positive adjusted EBITDA expectations. Near-term pressures include a Q1 adjusted EBITDA loss, higher operating expense due to accelerated commercial hiring, and a notable prenatal revenue decline. Management is investing to drive back-half acceleration but execution (sales ramp, MRD adoption, payer reimbursement) will determine pace of recovery. On balance, the positives around market share gains, product launches and revenue guidance outweigh the short-term profitability and prenatal headwinds.View all MYGN earnings summaries

                      MYGN Stock 12 Month Forecast

                      Average Price Target

                      $2.95
                      ▼(-7.52% Downside)
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