Currently, Omega Therapeutics Inc [OMGA] is trading at $1.39, up 29.91%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OMGA shares have gain 55.48% over the last week, with a monthly amount glided 4.51%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Omega Therapeutics Inc [NASDAQ: OMGA] stock has seen the most recent analyst activity on June 18, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $12. On December 08, 2022, H.C. Wainwright initiated with a Buy rating and assigned a price target of $11 on the stock. Chardan Capital Markets started tracking the stock assigning a Buy rating and suggested a price target of $12 on September 23, 2022.
This stock has fluctuated between a low of $0.89 and a high of $6.30 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Omega Therapeutics Inc [NASDAQ: OMGA] shares were valued at $1.39 at the most recent close of the market. An investor can expect a potential return of 547.48% based on the average OMGA price forecast.
Analyzing the OMGA fundamentals
Trailing Twelve Months sales for Omega Therapeutics Inc [NASDAQ:OMGA] were 6.31M which represents 181.16% growth. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -12.77%, Pretax Profit Margin comes in at -12.5%, and Net Profit Margin reading is -12.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -1.56 and Total Capital is -0.57. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.1167 points at the first support level, and at 0.8433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5567, and for the 2nd resistance point, it is at 1.7233.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Omega Therapeutics Inc [NASDAQ:OMGA] is 2.19. Also, the Quick Ratio is 2.19, while the Cash Ratio stands at 1.81. Considering the valuation of this stock, the price to sales ratio is 12.15, the price to book ratio is 2.92.
