Metagenomi Inc (NASDAQ:MGX) shares, rose in value on Wednesday, July 09, with the stock price up by 21.99% to the previous day’s close as strong demand from buyers drove the stock to $2.33.
Actively observing the price movement in the last trading, the stock closed the session at $1.91, falling within a range of $2.0977 and $2.47. Referring to stock’s 52-week performance, its high was $5.50, and the low was $1.23. On the whole, MGX has fluctuated by 34.68% over the past month.
With the market capitalization of Metagenomi Inc currently standing at about $87.10 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 30.48M, with a low estimate of 2.5M and a high estimate of 12.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.72M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MGX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of MGX currently trading nearly 47.73% and 44.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 79.21, while the 7-day volatility ratio is showing 11.66% which for the 30-day chart, stands at 9.28%. Furthermore, Metagenomi Inc (MGX)’s beta value is -0.56.
A comparison of Metagenomi Inc (MGX) with its peers suggests the former has fared considerably weaker in the market. MGX showed an intraday change of 21.99% in last session, and over the past year, it shrunk by -35.46%%.
Data on historical trading for Metagenomi Inc (NASDAQ:MGX) indicates that the trading volumes over the past 10 days have averaged 1.23 and over the past 3 months, they’ve averaged 458.59K. According to company’s latest data on outstanding shares, there are 37.38 million shares outstanding.
Nearly 41.67% of Metagenomi Inc’s shares belong to company insiders and institutional investors own 25.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.1 million shares as on 2025-06-13, resulting in a short ratio of 5.57. According to the data, the short interest in Metagenomi Inc (MGX) stood at 771.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 2.4 million. The stock has fallen by -43.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MGX stock heading into the next quarter.
