Metagenomi Inc (NASDAQ: MGX) kicked off on Monday, up 6.35% from the previous trading day, before settling in for the closing price of $1.89. Over the past 52 weeks, MGX has traded in a range of $1.61-$12.74.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 3569.20%. While this was happening, its average annual earnings per share was recorded 87.64%. With a float of $18.79 million, this company’s outstanding shares have now reached $37.47 million.
The extent of productivity of a business whose workforce counts for 236 workers is very important to gauge. In terms of profitability, gross margin is 93.13%, operating margin of -160.63%, and the pretax margin is -137.13%.
Metagenomi Inc (MGX) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Metagenomi Inc is 49.81%, while institutional ownership is 25.17%. The most recent insider transaction that took place on Sep 05 ’24, was worth 18,043. In this transaction Chief Financial Officer of this company sold 6,265 shares at a rate of $2.88, taking the stock ownership to the 63,051 shares. Before that another transaction happened on Feb 13 ’24, when Company’s 10% Owner bought 800,000 for $15.00, making the entire transaction worth $12,000,000. This insider now owns 1,739,175 shares in total.
Metagenomi Inc (MGX) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -9.91 earnings per share (EPS), lower than consensus estimate (set at -1.66) by -8.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 87.64% per share during the next fiscal year.
Metagenomi Inc (NASDAQ: MGX) Trading Performance Indicators
Take a look at Metagenomi Inc’s (MGX) current performance indicators. Last quarter, stock had a quick ratio of 6.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.50, a number that is poised to hit -0.75 in the next quarter and is forecasted to reach -2.66 in one year’s time.
Technical Analysis of Metagenomi Inc (MGX)
The latest stats from [Metagenomi Inc, MGX] show that its last 5-days average volume of 0.68 million was superior to 0.19 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 41.70%. Additionally, its Average True Range was 0.18.
During the past 100 days, Metagenomi Inc’s (MGX) raw stochastic average was set at 10.28%, which indicates a significant decrease from 54.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.91% in the past 14 days, which was higher than the 78.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0500, while its 200-day Moving Average is $5.5700. Now, the first resistance to watch is $2.1100. This is followed by the second major resistance level at $2.2000. The third major resistance level sits at $2.3100. If the price goes on to break the first support level at $1.9100, it is likely to go to the next support level at $1.8000. Assuming the price breaks the second support level, the third support level stands at $1.7100.
Metagenomi Inc (NASDAQ: MGX) Key Stats
The company with the Market Capitalisation of 78.11 million has total of 37,424K Shares Outstanding. Its annual sales at the moment are 44,760 K in contrast with the sum of -68,260 K annual income. Company’s last quarter sales were recorded 11,510 K and last quarter income was -18,770 K.
