NASDAQ:MGX

Metagenomi (MGX) Stock Price, News & Analysis

$7.53
+0.79 (+11.72%)
(As of 04/26/2024 ET)
Today's Range
$6.66
$7.69
50-Day Range
$6.68
$12.20
52-Week Range
$6.50
$12.74
Volume
139,371 shs
Average Volume
109,835 shs
Market Capitalization
$282.15 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.40

Metagenomi MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
184.2% Upside
$21.40 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$13.03 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($2.89) to ($2.68) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.00 out of 5 stars

Medical Sector

369th out of 913 stocks

Biological Products, Except Diagnostic Industry

51st out of 152 stocks

MGX stock logo

About Metagenomi Stock (NASDAQ:MGX)

Metagenomi, Inc., a genetic medicines company, develops therapeutics for patients using metagenomics-derived genome editing toolbox in the United States. The company's genome editing toolbox includes programmable nucleases, base editors, and RNA and DNA-mediated integration systems, such as prime editing systems and clustered regularly interspaced short palindromic repeat-associated transposases. It has a strategic collaboration and license agreement with ModernaTX, Inc. focusing on new genome editing system for in vivo human therapeutic applications; a development, option, and license agreement with Affini-T Therapeutics, Inc. to develop and commercialize gene edited T-cell receptor-based therapeutic products in the field of treatment, prevention, or diagnosis of human cancer; and a collaboration and license agreement with Ionis Pharmaceuticals, Inc. to research, develop, and commercialize investigational medicines using genome editing technologies. The company was incorporated in 2016 and is based in Emeryville, California.

MGX Stock Price History

MGX Stock News Headlines

Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years
If you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)
Metagenomi (NASDAQ: MGX)
Metagenomi Inc MGX
Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years
If you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)
Metagenomi reports FY results
Metagenomi Announces Closing of Initial Public Offering
See More Headlines
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Company Calendar

Today
4/27/2024
Next Earnings (Estimated)
6/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:MGX
Previous Symbol
NASDAQ:MGX
Fax
N/A
Employees
236
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.40
High Stock Price Target
$25.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+184.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$44.76 million

Miscellaneous

Free Float
N/A
Market Cap
$282.16 million
Optionable
N/A
Beta
N/A
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Key Executives

  • Dr. Brian Charles Thomas Ph.D. (Age 55)
    Co-Founder, CEO & Chairman of the Board
    Comp: $859.34k
  • Dr. Jian Irish M.B.A. (Age 60)
    Ph.D., President, COO & Director
    Comp: $729.82k
  • Dr. Sarah B. Noonberg M.D. (Age 56)
    Ph.D., Chief Medical Officer
    Comp: $591.49k
  • Dr. Jak Knowles M.D.
    Co-Founder & Member of Scientific Advisory Board
  • Ms. Pamela M. Wapnick M.B.A. (Age 58)
    Chief Financial Officer
  • Dr. Luis G. Borges Ph.D. (Age 62)
    Chief Scientific Officer

MGX Stock Analysis - Frequently Asked Questions

Should I buy or sell Metagenomi stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Metagenomi in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGX shares.
View MGX analyst ratings
or view top-rated stocks.

What is Metagenomi's stock price target for 2024?

6 Wall Street research analysts have issued 1 year price objectives for Metagenomi's stock. Their MGX share price targets range from $16.00 to $25.00. On average, they predict the company's share price to reach $21.40 in the next year. This suggests a possible upside of 184.2% from the stock's current price.
View analysts price targets for MGX
or view top-rated stocks among Wall Street analysts.

How have MGX shares performed in 2024?

Metagenomi's stock was trading at $10.31 at the beginning of 2024. Since then, MGX stock has decreased by 27.0% and is now trading at $7.53.
View the best growth stocks for 2024 here
.

When is Metagenomi's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 26th 2024.
View our MGX earnings forecast
.

When did Metagenomi IPO?

Metagenomi (MGX) raised $94 million in an initial public offering on Friday, February 9th 2024. The company issued 6,250,000 shares at a price of $15.00 per share.

When did the company's quiet period expire?

Metagenomi's quiet period expired on Wednesday, March 20th. Metagenomi had issued 6,250,000 shares in its public offering on February 9th. The total size of the offering was $93,750,000 based on an initial share price of $15.00. During the company's quiet period, insiders and underwriters involved in the IPO were prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

How do I buy shares of Metagenomi?

Shares of MGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MGX) was last updated on 4/27/2024 by MarketBeat.com Staff

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