Reviewing Metagenomi (MGX) and Its Peers

Metagenomi (NASDAQ:MGX) is one of 300 publicly-traded companies in the “Biological products, except diagnostic” industry, but how does it contrast to its competitors? We will compare Metagenomi to similar companies based on the strength of its earnings, institutional ownership, dividends, profitability, analyst recommendations, valuation and risk.

Risk & Volatility

Metagenomi has a beta of -0.27, meaning that its share price is 127% less volatile than the S&P 500. Comparatively, Metagenomi’s competitors have a beta of -4.48, meaning that their average share price is 548% less volatile than the S&P 500.

Profitability

This table compares Metagenomi and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Metagenomi	-134.27%	-43.23%	-18.86%
Metagenomi Competitors	-2,185.76%	-161.46%	-40.62%

Earnings and Valuation

This table compares Metagenomi and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Metagenomi	$52.30 million	-$68.25 million	-0.65
Metagenomi Competitors	$575.27 million	-$70.96 million	-0.43

Metagenomi’s competitors have higher revenue, but lower earnings than Metagenomi. Metagenomi is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

50.4% of shares of all “Biological products, except diagnostic” companies are held by institutional investors. 15.6% of shares of all “Biological products, except diagnostic” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of current recommendations and price targets for Metagenomi and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Metagenomi	0	1	4	0	2.80
Metagenomi Competitors	1961	5433	14025	300	2.58

Metagenomi currently has a consensus target price of $13.00, indicating a potential upside of 664.71%. As a group, “Biological products, except diagnostic” companies have a potential upside of 127.42%. Given Metagenomi’s stronger consensus rating and higher possible upside, analysts clearly believe Metagenomi is more favorable than its competitors.

Summary

Metagenomi beats its competitors on 8 of the 13 factors compared.

Metagenomi Company Profile

Metagenomi, Inc., a genetic medicines 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.