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The price of Metagenomi Inc. (NASDAQ: MGX) closed at $2.97 in the last session, down -0.34% from day before closing price of $2.98. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 74230.0 shares were traded. MGX stock price reached its highest trading level at $3.0898 during the session, while it also had its lowest trading level at $2.83.
Ratios:
We take a closer look at MGX’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 13 ’24 when Novo Holdings A/S bought 800,000 shares for $15.00 per share. The transaction valued at 12,000,000 led to the insider holds 1,739,175 shares of the business.
Novo Holdings A/S bought 100,000 shares of MGX for $1,025,000 on Feb 09 ’24. The 10% Owner now owns 100,000 shares after completing the transaction at $10.25 per share.
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 111164128 and an Enterprise Value of -140815888. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at -2.518 whereas that against EBITDA is 1.685.
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 $2.76. The 50-Day Moving Average of the stock is -23.52%, while the 200-Day Moving Average is calculated to be -58.06%.
Shares Statistics:
According to the various share statistics, MGX traded on average about 90.56K shares per day over the past 3-months and 98110 shares per day over the past 10 days. A total of 37.47M shares are outstanding, with a floating share count of 18.55M. Insiders hold about 50.44% of the company’s shares, while institutions hold 25.91% stake in the company. Shares short for MGX as of 1723680000 were 282940 with a Short Ratio of 3.12, compared to 1721001600 on 236985. Therefore, it implies a Short% of Shares Outstanding of 282940 and a Short% of Float of 1.05.
