Metagenomi Inc (NASDAQ: MGX) is -63.43% lower on its value in year-to-date trading and has touched a low of $1.61 and a high of $12.74 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 MGX stock was last observed hovering at around $4.01 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $3.77, the stock is 24.68% and 57.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.67 million and changing -5.99% at the moment leaves the stock -19.61% off its SMA200. MGX registered a loss of -0.79% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $2.3545 and a 200-day simple moving average (SMA200) of $4.730575.
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The stock witnessed a 99.47% gain in the last 1 month and extending the period to 3 months gives it a 80.38%, and is 11.21% 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 15.29% over the week and 16.98% over the month.
Metagenomi Inc (MGX) has around 236 employees, a market worth around $132.65M and $55.08M in sales. Profit margin for the company is -134.27%. Distance from 52-week low is 134.16% and -70.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.89%).
The EPS is expected to grow by 87.64% this year
The shares outstanding are 37.43M, and float is at 18.78M with Short Float at 7.89%.
Metagenomi Inc (MGX) Insider Activity
The most recent transaction is an insider sale by Wapnick Pamela, the company’s Chief Financial Officer. SEC filings show that Wapnick Pamela sold 1,559 shares of the company’s common stock on Dec 05 ’24 at a price of $1.86 per share for a total of $2900.0. Following the sale, the insider now owns 61492.0 shares.
Metagenomi Inc disclosed in a document filed with the SEC on Sep 05 ’24 that Wapnick Pamela (Chief Financial Officer) sold a total of 6,265 shares of the company’s common stock. The trade occurred on Sep 05 ’24 and was made at $2.88 per share for $18043.0. Following the transaction, the insider now directly holds 63051.0 shares of the MGX stock.
Still, SEC filings show that on Feb 13 ’24, Novo Holdings A/S (10% Owner) acquired 800,000 shares at an average price of $15.00 for $12.0 million. The insider now directly holds 1,739,175 shares of Metagenomi Inc (MGX).
