MGX Stock - Metagenomi, Inc. Common Stock
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $52.30M | $44.76M | $17.20M | $243,000 |
| Gross Profit | $52.30M | $-49,647,000 | $15.47M | $-144,000 |
| Gross Margin | 100.0% | -110.9% | 89.9% | -59.3% |
| Operating Income | $-88,901,000 | $-78,492,000 | $-44,640,000 | $-23,947,000 |
| Net Income | $-78,058,000 | $-68,255,000 | $-43,593,000 | $-21,442,000 |
| Net Margin | -149.3% | -152.5% | -253.4% | -8823.9% |
| EPS | $-2.09 | $-1.82 | $-1.16 | $-3.62 |
Metagenomi, Inc., a gene editing biotechnology company, develops therapeutics for patients using metagenomics-derived genome editing toolbox in the United States. The company's genome editing toolbox includes programmable nucleases, base editors, and RNA and DNA-mediated integration systems, such as prime editing systems and clustered regularly interspaced short palindromic repeat-associated transposases. It has a strategic collaboration and license agreement with ModernaTX, Inc. focusing on new genome editing system for in vivo human therapeutic applications; a development, option, and license agreement with Affini-T Therapeutics, Inc. to develop and commercialize gene edited T-cell receptor-based therapeutic products in the field of treatment, prevention, or diagnosis of human cancer; and a collaboration and license agreement with Ionis Pharmaceuticals, Inc. to research, develop, and commercialize investigational medicines using genome editing technologies. The company was incorporated in 2016 and is based in Emeryville, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 7th 2024 | H.C. Wainwright | Initiation | Buy | $10 |
| May 2nd 2024 | JP Morgan | Downgrade | Neutral | $6← $16 |
| March 5th 2024 | TD Cowen | Initiation | Outperform | - |
| March 5th 2024 | BMO Capital Markets | Initiation | Outperform | $22 |
| March 5th 2024 | JP Morgan | Initiation | Overweight | $16 |
| March 5th 2024 | Jefferies | Initiation | Buy | $23 |
| March 5th 2024 | Chardan Capital Markets | Initiation | Buy | $21 |
| March 5th 2024 | Wells Fargo | Initiation | Overweight | $25 |
Earnings History & Surprises
MGXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 16, 2026 | $-0.58 | — | — | — |
Q4 2025 | Nov 11, 2025 | $-0.60 | $-0.55 | +8.3% | ✓ BEAT |
Q3 2025 | Aug 12, 2025 | $-0.68 | $-0.54 | +20.6% | ✓ BEAT |
Q2 2025 | May 13, 2025 | $-0.62 | $-0.68 | -9.7% | ✗ MISS |
Q1 2025 | Mar 17, 2025 | $-0.62 | $-0.63 | -1.6% | ✗ MISS |
Q4 2024 | Nov 13, 2024 | $-0.70 | $-0.45 | +35.7% | ✓ BEAT |
Q3 2024 | Aug 14, 2024 | $-0.59 | $-0.29 | +50.8% | ✓ BEAT |
Q2 2024 | May 14, 2024 | $-0.95 | $-1.19 | -25.3% | ✗ MISS |
Q1 2024 | Feb 10, 2024 | $-2.04 | $-0.51 | +74.8% | ✓ BEAT |
Q3 2023 | Sep 30, 2023 | — | $-0.53 | — | — |
Q2 2023 | Jun 30, 2023 | — | $-0.35 | — | — |
Q1 2023 | Mar 31, 2023 | — | $-0.54 | — | — |
Q4 2022 | Dec 31, 2022 | — | $-0.39 | — | — |
Q3 2022 | Sep 29, 2022 | — | $-0.28 | — | — |
Q2 2022 | Jun 30, 2022 | — | $-1.57 | — | — |
Q1 2022 | Mar 31, 2022 | — | $-1.57 | — | — |
Latest News
Metagenomi shares are trading lower. The company reported Q3 financial results.
📉 NegativeMetagenomi shares are trading lower. The company reported Q3 financial results.
📉 NegativeMetagenomi Promotes Jian Irish To CEO, Appoints Willard Dere Board Chair
📈 PositiveMetagenomi Q3 EPS $(0.55) Beats $(0.60) Estimate, Sales $8.659M Beat $7.400M Estimate
📈 PositiveMetagenomi Presents New Preclinical Data From MGX-001 Hemophilia A Program, Demonstrating Curative FVIII Activity In Non-Human Primates
📈 PositiveWatching Metagenomi; Traders Mistakenly Assume CNBC Mentions Stock, CNBC Was Discussing An AI Company Named MGX Based In The UAE
📉 NegativeMetagenomi Shares Resume Trade
➖ NeutralMetagenomi Shares Halted On Circuit Breaker To The Upside, Stock Now Up 12.14%
📈 PositiveHC Wainwright & Co. Reiterates Buy on Metagenomi, Maintains $7 Price Target
📈 PositiveChardan Capital Maintains Buy on Metagenomi, Lowers Price Target to $11
📈 PositiveFrequently Asked Questions about MGX
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