Following A -27.28% Weekly Decline, Is It Still A Buy For Omega Therapeutics Inc (NASDAQ: OMGA)?

Omega Therapeutics Inc (NASDAQ:OMGA)’s traded shares stood at 0.53 million during the last session, with the company’s beta value hitting 1.78. At the last check today, the stock’s price was $0.79, to imply a decrease of -21.52% or -$0.22 in intraday trading. The OMGA share’s 52-week high remains $6.30, putting it -697.47% down since that peak but still an impressive -12.66% since price per share fell to its 52-week low of $0.89. The company has a valuation of $43.72M, with an average of 0.24 million shares in intraday trading volume over the past 10 days and average of 241.55K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Omega Therapeutics Inc (OMGA), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give OMGA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy.

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Omega Therapeutics Inc (NASDAQ:OMGA) trade information

After registering a -21.52% downside in the latest session, Omega Therapeutics Inc (OMGA) has traded red over the past five days. The 5-day price performance for the stock is -27.28%, and -23.79% over 30 days. With these gigs, the year-to-date price performance is -73.67%. Short interest in Omega Therapeutics Inc (NASDAQ:OMGA) saw shorts transact 6.36 million shares and set a 16.34 days time to cover.

The extremes give us $7 and $11 for target low and target high price respectively. As such, OMGA has been trading -1292.41% off suggested target high and -786.08% from its likely low.

Omega Therapeutics Inc (OMGA) estimates and forecasts

Looking at statistics comparing Omega Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Omega Therapeutics Inc (OMGA) shares are -67.11% down over the last 6 months, with its year-to-date growth rate higher than industry average at 34.44% against 17.70%.

OMGA Dividends

Omega Therapeutics Inc has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Omega Therapeutics Inc (NASDAQ:OMGA)’s Major holders

Omega Therapeutics Inc insiders hold 1.62% of total outstanding shares, with institutional holders owning 90.43% of the shares at 91.92% float percentage. In total, 90.43% institutions holds shares in the company, led by FLAGSHIP PIONEERING INC.. As of 2024-06-30, the company held over 29.23 million shares (or 52.9924% of shares), all amounting to roughly $60.5 million.

The next major institution holding the largest number of shares is FMR LLC with 6.24 million shares, or about 11.3181% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $12.92 million.