Metagenomi Inc.’s recent filing unveils that its Chief Financial Officer Wapnick Pamela unloaded Company’s shares for reported $18043.0 on Sep 05 ’24. In the deal valued at $2.88 per share,6,265 shares were sold. As a result of this transaction, Wapnick Pamela now holds 63,051 shares worth roughly $0.13 million.
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Then, Novo Holdings A/S bought 800,000 shares, generating $12,000,000 in total proceeds. Upon buying the shares at $15.00, the 10% Owner now owns 1,739,175 shares.
Before that, Novo Holdings A/S bought 100,000 shares. Metagenomi Inc. shares valued at $1,025,000 were divested by the 10% Owner at a price of $10.25 per share. As a result of the transaction, Novo Holdings A/S now holds 100,000 shares, worth roughly $0.21 million.
H.C. Wainwright initiated its Metagenomi Inc. [MGX] rating to a Buy in a research note published on May 07, 2024; the price target was $10. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “a Neutral”. Wells Fargo began covering MGX with “an Overweight” recommendation on March 05, 2024. TD Cowen started covering the stock on March 05, 2024. It rated MGX as “an Outperform”.
Price Performance Review of MGX
On Tuesday, Metagenomi Inc. [NASDAQ:MGX] saw its stock fall -4.61% to $2.07. Over the last five days, the stock has lost -2.36%. Metagenomi Inc. shares have fallen nearly -79.92% since the year began.
Levels Of Support And Resistance For MGX Stock
The 24-hour chart illustrates a support level at 2.00, which if violated will result in even more drops to 1.92. On the upside, there is a resistance level at 2.17. A further resistance level may holdings at 2.26. The Relative Strength Index (RSI) on the 14-day chart is 29.69, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.67%. Stochastics %K at 16.69% indicates the stock is a buying.
How much short interest is there in Metagenomi Inc.?
A steep rise in short interest was recorded in Metagenomi Inc. stocks on 2024-09-13, dropping by 83130.0 shares to a total of 0.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.28 million shares. There was a decline of -41.6%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 05, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $16 price target.
