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In the latest session, Metagenomi Inc. (NASDAQ: MGX) closed at $2.22 up 8.82% from its previous closing price of $2.04. In other words, the price has increased by $8.82 from its previous closing price. On the day, 0.53 million shares were traded. MGX stock price reached its highest trading level at $2.26 during the session, while it also had its lowest trading level at $1.99.
Ratios:
For a deeper understanding of Metagenomi Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.82 and its Current Ratio is at 5.82. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on May 07, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On May 02, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $16 to $6.
On March 05, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $25.Wells Fargo initiated its Overweight rating on March 05, 2024, with a $25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 05 ’24 when Wapnick Pamela sold 6,265 shares for $2.88 per share. The transaction valued at 18,043 led to the insider holds 63,051 shares of the business.
Novo Holdings A/S bought 800,000 shares of MGX for $12,000,000 on Feb 13 ’24. The 10% Owner now owns 1,739,175 shares after completing the transaction at $15.00 per share. On Feb 09 ’24, another insider, Novo Holdings A/S, who serves as the 10% Owner of the company, bought 100,000 shares for $10.25 each. As a result, the insider paid 1,025,000 and bolstered with 100,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGX now has a Market Capitalization of 83092384 and an Enterprise Value of -168887632. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 0.31. Its current Enterprise Value per Revenue stands at -3.02 whereas that against EBITDA is 2.021.
Stock Price History:
Over the past 52 weeks, MGX has reached a high of $12.74, while it has fallen to a 52-week low of $1.99. The 50-Day Moving Average of the stock is -31.68%, while the 200-Day Moving Average is calculated to be -66.10%.
Shares Statistics:
For the past three months, MGX has traded an average of 144.54K shares per day and 450870 over the past ten days. A total of 37.47M shares are outstanding, with a floating share count of 18.54M. Insiders hold about 50.47% of the company’s shares, while institutions hold 25.91% stake in the company. Shares short for MGX as of 1726185600 were 199810 with a Short Ratio of 1.38, compared to 1723680000 on 282940. Therefore, it implies a Short% of Shares Outstanding of 199810 and a Short% of Float of 0.74.
