Myriad Genetics Inc. (NASDAQ:MYGN) traded today at a new 52-week high of $31.00. This new high was reached on below average trading volume as 144,000 shares traded hands, while the average 30-day volume is approximately 955,000 shares.
Myriad Genetics is a molecular diagnostics company, which provides testing services designed to assess an individual’s risk of developing a disease. The firm produces myRisk, a 35-gene panel with the capability to identify the elevated risk of developing 8 types of cancer. Other diagnostic products include BRACAnalysisCDx, the FDA-approved companion diagnostic for PARP inhibitors; GeneSight, which helps improve responses to psychotropic drugs for patients suffering from depression; Vectra DA, which predicts disease progression in rheumatoid arthritis to optimize drug treatment; and Prolaris, which identifies prostate cancer patients that can pursue active surveillance. The firm also offers biomarker discovery and companion diagnostic services to pharmaceutical and biotechnology companies.
In the past 52 weeks, shares of Myriad Genetics Inc. have traded between a low of $9.24 and a high of $31.00 and is now at $30.90, which is 234% above that low price.
Based on a current price of $30.90, Myriad Genetics Inc. is currently 5.1% above its average consensus analyst price target of $29.32.
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