How to buy Mynaric stock

Mynaric, a German company that makes lasers for aerospace applications, completed a $66 million initial public offering, selling American depositary shares at $16 each, below the expected $17.48 pricing level.

Mynaric ADRs will commence trading on the Nasdaq later today, but shares are available for limit orders on Robinhood and other platforms.

Mynaric stock price (NASDAQ: MYNA)

Use our graph to track the performance of MYNA stocks over time.

Mynaric shares at a glance

• Key figures

Information last updated 2023-03-24.

Latest market close	$6.19
52-week range	$3.37 - $12.11
50-day moving average more info button	$5.49
200-day moving average more info button	$6.02
Wall St. target price	$13.54
PE ratio more info button	N/A
Dividend yield more info button	$0 (0%)
Earnings per share (TTM) more info button	$-3.23

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Is it a good time to buy Mynaric stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Mynaric price performance over time

Historical closes compared with the close of $6.1868 from 2023-03-27

1 week (2023-03-21)	0.01%
1 month (2023-02-28)	-4.67%
3 months (2022-12-28)	45.92%
6 months (2022-09-28)	28.89%

1 year (2022-03-28)	-41.41%
2 years (2021-03-24)	N/A
3 years (2020-03-24)	N/A
5 years (2018-03-24)	N/A

Mynaric financials

Revenue TTM	$4.7 million
Gross profit TTM	$-2,554,000
Return on assets TTM	-45.06%
Return on equity TTM	-114.58%
Profit margin	0%
Book value	$2.57
Market capitalisation more info button	$139.5 million

TTM: trailing 12 months

Mynaric share dividends

We're not expecting Mynaric to pay a dividend over the next 12 months.

You may also wish to consider:

• Spirit Aerosystems (SPR.US) (0.13% forward annual dividend yield)
• Textron (TXT.US) (0.12% forward annual dividend yield)
• Hexcel Corporation (HXL.US) (0.75% forward annual dividend yield)

Mynaric share price volatility

Over the last 12 months, Mynaric's shares have ranged in value from as little as $3.37 up to $12.11. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Mynaric's is 1.1934. This would suggest that Mynaric's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

To put Mynaric's beta into context you can compare it against those of similar companies.

• Spirit Aerosystems (SPR.US): 1.6514
• Textron (TXT.US): 1.4865
• Hexcel Corporation (HXL.US): 1.2455

Mynaric overview

Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance data transmission between moving objects for wireless terrestrial, airborne, and space applications in Germany and internationally. The company offers CONDOR, an optical inter-satellite link flight terminal for satellite-to-satellite communications in space; and HAWK, an airborne flight terminal for air-to-air and air-to-ground links of airborne vehicles. Its products provide connectivity solutions to link satellites, high-altitude platforms, unmanned aerial vehicles, aircraft, and the ground. The company was incorporated in 2009 and is headquartered in Gilching, Germany. .

Frequently asked questions

What percentage of Mynaric is owned by insiders or institutions?
Currently 0.1% of Mynaric shares are held by insiders and 20.965% by institutions. How many people work for Mynaric?
Latest data suggests 309 work at Mynaric. When does the fiscal year end for Mynaric?
Mynaric's fiscal year ends in December. Where is Mynaric based?
Mynaric's address is: Dornierstrasse 19, Gilching, Germany, 82205 What is Mynaric's ISIN number?
Mynaric's international securities identification number is: US62857X1019