Omega Therapeutics Inc (NASDAQ: OMGA) is -73.56% lower on its value in year-to-date trading and has touched a low of $0.75 and a high of $6.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OMGA stock was last observed hovering at around $0.80 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.80, the stock is -17.43% and -27.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing -0.08% at the moment leaves the stock -61.51% off its SMA200. OMGA registered -56.27% loss for a year compared to 6-month loss of -59.40%. The firm has a 50-day simple moving average (SMA 50) of $1.10776 and a 200-day simple moving average (SMA200) of $2.082915.
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The stock witnessed a -35.82% gain in the last 1 month and extending the period to 3 months gives it a -45.49%, and is 0.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.48% over the week and 11.17% over the month.
Omega Therapeutics Inc (OMGA) has around 94 employees, a market worth around $44.06M and $8.10M in sales. Profit margin for the company is -902.93%. Distance from 52-week low is 6.11% and -87.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.06%).
The EPS is expected to grow by 34.07% this year
70.0 institutions hold shares in Omega Therapeutics Inc (OMGA), with institutional investors hold 91.92% of the company’s shares. The shares outstanding are 55.14M, and float is at 19.20M with Short Float at 33.25%. Institutions hold 90.43% of the Float.
The top institutional shareholder in the company is FLAGSHIP PIONEERING INC. with over 29.23 million shares valued at $60.5 million. The investor’s holdings represent 52.9924 of the OMGA Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 6.24 million shares valued at $12.92 million to account for 11.3181 of the shares outstanding. The other top investors are HARBOURVEST PARTNERS LLC which holds 3.51 million shares representing 6.3682 and valued at over $7.27 million, while STATE OF WISCONSIN INVESTMENT BOARD holds 3.3676 of the shares totaling 1.86 million with a market value of $3.84 million.
