Metagenomi Inc. (NASDAQ:MGX) traded at $2.97 at close of the session on current trade day and made a downward move of -0.34% on its previous day’s price.
Looking at the stock we see that its previous close was $2.98 with the day’s price range being $2.83 – $3.0898. In terms of its 52-week price range, MGX has a high of $12.74 and a low of $2.76. The company’s stock has lost about -15.14% over that past 30 days.
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Metagenomi Inc. has a market cap of $111.17 million and is expected to release its quarterly earnings report on 2024-Aug-14. Estimates by analysts give the company expected earnings per share (EPS) of -0.78, with the EPS growth for the year raised at -2.96 for current year and -2.96 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 5.42M, with a low of 1.5M and a high of 10M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 44.49M, or -0.60% down from figures reported last year.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Metagenomi Inc. (MGX) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -7.91% off its SMA20 and -23.52% from its 50-day simple moving average. The RSI (14) is pointing at 37.85 while the volatility over the past week is 8.14% and jumps to 10.21% over the past one month. The average price target for the stock over the next 12 months is $14.5, with the estimates having a low of $7 and a high of $22. These price ends are -135.69% and -640.74% off the current price level respectively, although investors could be excited at the prospect of a -388.22% if the MGX share price touches on the median price of $14.5.
Coming back to Metagenomi Inc. (NASDAQ:MGX), we note that the average 3-month trading volume was 90.56K, while that of the preceding 10-day period stands at 98110.0. Current shares outstanding are 37.47 million.
The insiders hold 50.44% of the company’s shares while institutions hold 25.91%. The data shows that short shares as of 2024-08-15, stood at 0.28 million at a short ratio of 3.34. This represents a 105.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 0.24 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -71.19% down in year-to-date price movement.
