NASDAQ:OMGA

Omega Therapeutics (OMGA) Stock Price, News & Analysis

$2.31
-0.05 (-2.12%)
(As of 03:04 PM ET)
Today's Range
$2.22
$2.45
50-Day Range
$1.96
$4.33
52-Week Range
$1.30
$10.09
Volume
373,575 shs
Average Volume
1.58 million shs
Market Capitalization
$127.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.00

Omega Therapeutics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
338.6% Upside
$10.00 Price Target
Short Interest
Bearish
22.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of Omega Therapeutics in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.30) to ($1.19) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.76 out of 5 stars

Medical Sector

679th out of 928 stocks

Biological Products, Except Diagnostic Industry

113th out of 153 stocks

OMGA stock logo

About Omega Therapeutics Stock (NASDAQ:OMGA)

Omega Therapeutics, Inc. operates as a clinical-stage biotechnology company. The company's OMEGA platform enables control of fundamental epigenetic processes to correct the root cause of disease by restoring aberrant gene expression to a range without altering native nucleic acid sequences. It also develops OTX-2002 for hepatocellular carcinoma; OTX-2101 for non-small cell lung cancer; omega epigenomic controllers (OEC) for inflammatory lung diseases, such as neutrophilic asthma, acute respiratory distress syndrome, dermatological, oncology, and rheumatological indications; OEC candidates for idiopathic pulmonary fibrosis; liver regeneration medicines; and OEC candidates for patients with diabetes and other conditions to treat corneal epithelial injury. In addition, the company develops OEC candidates for the treatment of alopecia, a disorder characterized by patches of non-scarring hair loss affecting the scalp and body. Omega Therapeutics, Inc. was incorporated in 2016 and is headquartered in Cambridge, Massachusetts.

OMGA Stock Price History

OMGA Stock News Headlines

4 Analysts Have This To Say About Omega Therapeutics
OMGA Apr 2024 12.500 call
Omega Therapeutics: The Next Weight Loss Drug Runner
See More Headlines
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Company Calendar

Last Earnings
3/28/2024
Today
5/15/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:OMGA
Fax
N/A
Employees
93
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.00
High Stock Price Target
$12.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+323.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-97,430,000.00
Net Margins
-1,868.35%
Pretax Margin
-1,868.35%

Debt

Sales & Book Value

Annual Sales
$3.09 million
Book Value
$1.05 per share

Miscellaneous

Free Float
23,717,000
Market Cap
$130.15 million
Optionable
Optionable
Beta
1.99
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Key Executives

  • Mr. Mahesh Karande (Age 50)
    President, CEO & Board Director
    Comp: $812.88k
  • Ms. Ling Zeng Esq. (Age 54)
    J.D., Chief Legal & Administrative Officer and Secretary
    Comp: $519.36k
  • Dr. Yan Moore M.D. (Age 57)
    Chief Medical Officer
    Comp: $1.14M
  • Mr. Joshua Reed M.B.A. (Age 50)
    Chief Financial Officer

OMGA Stock Analysis - Frequently Asked Questions

Should I buy or sell Omega Therapeutics stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Omega Therapeutics in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OMGA shares.
View OMGA analyst ratings
or view top-rated stocks.

What is Omega Therapeutics' stock price target for 2024?

4 Wall Street analysts have issued 12 month target prices for Omega Therapeutics' stock. Their OMGA share price targets range from $7.00 to $12.00. On average, they expect the company's share price to reach $10.00 in the next year. This suggests a possible upside of 338.6% from the stock's current price.
View analysts price targets for OMGA
or view top-rated stocks among Wall Street analysts.

How have OMGA shares performed in 2024?

Omega Therapeutics' stock was trading at $3.01 at the beginning of the year. Since then, OMGA stock has decreased by 24.3% and is now trading at $2.28.
View the best growth stocks for 2024 here
.

When is Omega Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our OMGA earnings forecast
.

How were Omega Therapeutics' earnings last quarter?

Omega Therapeutics, Inc. (NASDAQ:OMGA) posted its quarterly earnings data on Thursday, March, 28th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.09. The firm had revenue of $0.99 million for the quarter, compared to analysts' expectations of $0.93 million. Omega Therapeutics had a negative trailing twelve-month return on equity of 136.04% and a negative net margin of 1,868.35%.

When did Omega Therapeutics IPO?

Omega Therapeutics (OMGA) raised $126 million in an initial public offering on Friday, July 30th 2021. The company issued 7,400,000 shares at $16.00-$18.00 per share.

Who are Omega Therapeutics' major shareholders?

Omega Therapeutics' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.32%). Insiders that own company stock include Flagship Pioneering Inc and Richard A Young.
View institutional ownership trends
.

How do I buy shares of Omega Therapeutics?

Shares of OMGA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:OMGA) was last updated on 5/15/2024 by MarketBeat.com Staff

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