While Metagenomi Inc. has underperformed by -4.61%, investors are advised to look at stock chart patterns for technical insight.
On May 07, 2024, H.C. Wainwright started tracking Metagenomi Inc. (NASDAQ: MGX) recommending Buy. A report published by JP Morgan on May 02, 2024, Downgraded its rating to ‘Neutral’ for MGX. Wells Fargo also rated MGX shares as ‘Overweight’, setting a target price of $25 on the company’s shares in an initiating report dated March 05, 2024. JP Morgan initiated its ‘Overweight’ rating for MGX, as published in its report on March 05, 2024. Jefferies’s report from March 05, 2024 suggests a price prediction of $23 for MGX shares, giving the stock a ‘Buy’ rating. Chardan Capital Markets also rated the stock as ‘Buy’.
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Analysis of Metagenomi Inc. (MGX)
Further, the quarter-over-quarter increase in sales is 76.48%, showing a positive trend in the upcoming months.
One of the most important indicators of Metagenomi Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 5.82, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MGX is recording 143.55K average volume. On a monthly basis, the volatility of the stock is set at 10.00%, whereas on a weekly basis, it is put at 10.55%, with a loss of -2.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.00, showing growth from the present price of $2.07, which can serve as yet another indication of whether MGX is worth investing in or should be passed over.
How Do You Analyze Metagenomi Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 50.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 25.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MGX shares are owned by institutional investors to the tune of 25.91% at present.
