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 $6.80, up 5.26% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Biotechnology industry by N/A percentage points. Metagenomi stock is currently +23.64% from its 52-week low of $5.50, and -46.62% from its 52-week high of $12.74.
As of May 8, 2024, there are 37.47M MGX shares outstanding. The market capitalization of MGX is $254.81M. In the past 24 hours, 41,633 MGX shares were traded.
How to Buy Metagenomi Stock
Wondering how to invest in Metagenomi stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new brokerage account.
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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:
Check out this video walkthrough to see the process of transferring money into your investment account.
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
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.
You can access more valuation research on MGX's stock here.
A look at MGX Cashflows and Balance Sheet
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the MGX balance sheet.
- There are more short-term assets than short-term liabilities on the MGX balance sheet.
- MGX has $276.43M in cash and short term investments. This is enough to cover its annual cash burn of $101.22M.
- MGX has cash burn of 101223000. It has enough cash and short-term investments to cover this for at least one year.
Failed Health Checks:
- MGX profit margin has gone up by 1.01 percentage points in the past year, but the company is still unprofitable.
- MGX debt to equity ratio of -1.1 is negative.
- Total MGX debt is still negative.
Is it a good time to buy Metagenomi stock, according to Wall Street analysts?
Out of 6 sell side analysts who research MGX, the consensus analyst rating on MGX is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest MGX Analyst Upgrades/Downgrades
Kostas Biliouris, a bottom 5% analyst from BMO Capital initiates coverage on MGX with a buy rating and announces their MGX price target of $22.00, on Mar 5, 2024.
You can dig deeper into what analysts are forecasting on the Metagenomi stock forecast page.
MGX Momentum
MGX Growth Numbers
Last year, MGX revenue was $44.76M. In the last 2 year, MGX's revenue has gone up by 1,257.13% per year. This was faster than the Biotechnology industry average of 30.42%.
Dig into MGX's earnings and revenue performance here.
What are MGX executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at MGX have bought more shares than they have sold.
Holdings A. Novo, 10% Owner of MGX, was the latest MGX insider to buy. They bought $12,000,000.00 worth of MGX stock on Feb 13, 2024.
Dig into more about who owns MGX shares here.
Does MGX provide a stable income stream?
No, Metagenomi doesn't provide an income stream by paying out dividends.
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Step 5: Place your MGX purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Click the Open button and your broker will execute the order.
If you want additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your MGX position
Now that you own some MGX stock, you'll want to stay up-to-date on your new stock purchase.
Put MGX on a watchlist to track the most important metrics related to your MGX stock.
MGX Feed
How to Buy Stock in Metagenomi
To summarize, here are the 6 steps you need to take to buy Metagenomi stock right now:
- Figure out where to buy Metagenomi stock
- Open your brokerage account
- Deposit money your investment account
- Evaluate Metagenomi stock
- Place your MGX purchase
- Keep tabs on your MGX position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Metagenomi, create a watchlist today.
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