How to Buy Metagenomi Stock

Metagenomi Inc

Metagenomi, Inc. , a gene editing biotechnology company, develops therapeutics for patients using metagenomics-derived genome editing toolbox in the United States.

Metagenomi stock last closed at $2.28, down 6.17% from the previous day, and has decreased 79.77% in one year. It has underperformed other stocks in the Biotechnology industry by 0.45 percentage points. Metagenomi stock is currently +41.61% from its 52-week low of $1.61, and -82.1% from its 52-week high of $12.74.

As of Feb 11, 2025, there are 37.42M MGX shares outstanding. The market capitalization of MGX is $85.33M. In the past 24 hours, 454,286 MGX shares were traded.

How to Buy Metagenomi Stock

Wondering how to invest in Metagenomi stock? Here's how.

  1. Figure out where to buy Metagenomi stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Metagenomi stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your payment method and add your info.
  4. Evaluate Metagenomi stock: The Metagenomi ticker symbol is MGX. Is Metagenomi stock a good investment? Should you buy shares of MGX? How do MGX's underlying business fundamentals look? Do top analysts think Metagenomi is a good buy? Why has MGX's stock price moved recently? (Hint: Our stock analysis website can help you understand if MGX is a good stock to buy).
  5. Place your MGX purchase: Decide if you will purchase MGX shares at the current market price or use a limit order to buy MGX shares at a specific price.
  6. Keep tabs on your MGX position: Create a watchlist to keep tabs on your new investment in Metagenomi shares.

Step 1: Figure out where to buy Metagenomi stock

You will need an online brokerage account to access the NASDAQ market and buy MGX stock.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've picked your brokerage, you need to fill out some personal info so you can buy MGX today.

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Step 3: Deposit money your investment account

Now that you have opened your account on the best stock buying app, you can securely and quickly fund your account:

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Step 4: Evaluate Metagenomi stock

After you have identified the best place to buy Metagenomi stock, it's critical to analyze their stock prior to investing, so you can understand the risk and upside.

Metagenomi Numbers

MGX Price
$2.28
1w %
-10.59%
1y %
-79.77%
5y %
N/A
P/E
-0.3x
P/B
0.33x
P/S
1.52x
PEG
N/A
Revenue
$55.08M
Earnings
-$73.95M
Fore. Rev. Growth
-43.8%
Fore. Earn. Growth
N/A
Market Cap
$85.33M
Next Earnings
N/A
Next Dividend
N/A

Metagenomi Overview

WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on MGX's stock page.

Is MGX stock overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge MGX's intrinsic value.

Using relative valuations metrics:

  • MGX may be undervalued based on its P/B ratio of 0.33x, relative to Biotechnology industry P/B ratio of 4.8x

You can do more valuation research on MGX's stock here.

Is MGX a healthy company?

Passed Health Checks:

  • MGX has cash burn of 107906000. It has enough cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the MGX balance sheet.
  • MGX has $279.84M in cash and short term investments. This is enough to cover its annual cash burn of $107.91M.
  • There are more short-term assets than long-term liabilities on the MGX balance sheet.

Failed Health Checks:

  • MGX profit margin has gone up by 0.33 percentage points in the past year, but the company is still unprofitable.
  • MGX has a relatively high debt to equity ratio of 0.4.

Do Wall Street analysts think it's a good time to buy Metagenomi stock

Out of 3 sell side analysts who track MGX, the consensus analyst rating on Metagenomi is a Strong Buy

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

You can dive deeper into what analysts are forecasting on the Metagenomi stock forecast page.

Metrics for Advanced MGX Traders

SMA10
2.59
SMA20
2.7
SMA50
3.02
SMA100
2.52
SMA200
3.63
MACD
-0.17
MACD Signal
-0.13
MACD Histogram
-0.04
RSI
36.83
Stochastic %K
2.77
Stochastic %D
7.33
StochRSI %K
3.79
StochRSI %D
23.01

MGX Growth Numbers

Last year, MGX revenue was $55.08M. During the past one years, MGX's revenue has grown by 45.13% per year. This was slower than the Biotechnology industry average of 57.84%.

Dive into MGX's earnings and revenue performance here.

Who is buying/selling MGX?

In the last year, insiders at MGX have bought more shares than they have sold.

Pamela Wapnick, Chief Financial Officer of MGX, was the latest MGX insider to sell. They sold $2,899.74 worth of MGX shares on Dec 5, 2024.

Get more info about who owns MGX stock here.

Can I get consistent income from MGX stock?

No, Metagenomi doesn't provide an income stream by paying out dividends.

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Step 5: Place your MGX purchase

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.

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Step 6: Keep tabs on your MGX position

Now that you own some MGX stock, you'll want to keep up with your new investment.

Make a watchlist to get notified of important updates regarding your MGX stock.

MGX Feed

How to Buy Stock in Metagenomi

To summarize, here are the 6 steps to buy stock in Metagenomi:

  1. Figure out where to buy Metagenomi stock
  2. Open your brokerage account
  3. Deposit money your investment account
  4. Evaluate Metagenomi stock
  5. Place your MGX purchase
  6. Keep tabs on your MGX position

If you need a online brokerage, eToro is our recommended option.

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If you would like to get the latest scoop on your new investment in Metagenomi, create a watchlist on WallStreetZen today.

NASDAQ: MGX
$2.28-0.15 (-6.17%)
Updated Feb 11, 2025
Open eToro Account
Your capital is at risk.
NASDAQ: MGX
$2.28-0.15 (-6.17%)
Updated Feb 11, 2025
Open eToro Account
Your capital is at risk.

FAQ

How much does it cost to buy one Metagenomi share?

As of Feb 11, 2025, it costs $2.28 to buy one share of Metagenomi stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.439 shares of MGX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Metagenomi stock?

According to 3 Wall Street analysts who monitor Metagenomi, their consensus recommendation is to buy Metagenomi stock.

What is the best way to buy Metagenomi stock?

One way to place an order for Metagenomi stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.