Metagenomi Inc (MGX) current stock price is $1.92. During the last trading session, the stock soared, reaching $16.0 after opening at $1.92. The stock’s lowest point was $7.0 before it closed at $2.1.
Metagenomi Inc’s stock has seen a rocky market performance.
52-week price history of MGX Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Metagenomi Inc’s current trading price is -60.98% away from its 52-week high, while its distance from the 52-week low is 56.10%. The stock’s price range during this period has fluctuated between $1.23 and $4.92. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 0.64 million for the day, which was evidently higher than the average daily volume of 0.63 million over the last three months.
Financial Performance and Market Capitalization
Metagenomi Inc (MGX) has experienced a quarterly rise of 32.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 71.77M and boasts a workforce of 202 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.73, with a change in price of -0.02. Similarly, Metagenomi Inc recorded 550,873 in trading volume during the last 100 days, posting a change of -1.03%.
MGX Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MGX stands at 0.21. Similarly, the long-term debt-to-equity ratio is also 0.18.
MGX Stock Stochastic Average
Metagenomi Inc’s raw stochastic average for the past 50 days is currently at 36.30%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 0.00%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 31.70% and 35.73%, respectively.
MGX Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -47.83%. However, over the last six months, the performance has been stronger by -30.69%. The price of MGX decreased -17.60% over the last 30 days. And in the last five days, it has fallen by -16.52%.
