Metagenomi Inc’s filing revealed that its insider Wein Matthew unloaded Company’s shares for reported $1744.0 on Mar 05 ’25. In the deal valued at $1.87 per share,930 shares were sold. As a result of this transaction, Wein Matthew now holds 9,467 shares worth roughly $16377.91.
Then, Wapnick Pamela sold 1,808 shares, generating $3,390 in total proceeds. Upon selling the shares at $1.87, the Chief Financial Officer now owns 59,684 shares.
Before that, Wapnick Pamela sold 1,559 shares. Metagenomi Inc shares valued at $2,900 were divested by the Chief Financial Officer at a price of $1.86 per share. As a result of the transaction, Wapnick Pamela now holds 61,492 shares, worth roughly $0.11 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 -7.98% to $1.73. Over the last five days, the stock has lost -14.36%. Metagenomi Inc shares have fallen nearly -52.08% since the year began. Nevertheless, the stocks have fallen -83.86% over the past one year. While a 52-week high of $11.86 was reached on 01/02/25, a 52-week low of $1.61 was recorded on 03/18/25. SMA at 50 days reached $2.4986, while 200 days put it at $3.0767.
Levels Of Support And Resistance For MGX Stock
The 24-hour chart illustrates a support level at 1.6325, which if violated will result in even more drops to 1.5349. On the upside, there is a resistance level at 1.8851. A further resistance level may holdings at 2.0401. The Relative Strength Index (RSI) on the 14-day chart is 31.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1050, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.59%. Stochastics %K at 13.89% 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 2025-02-28, growing by 18441.0 shares to a total of 2.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.64 million shares. There was a rise of 0.69%, which implies that there is a positive 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.
