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NASDAQ:OMGA

Omega Therapeutics (OMGA) Stock Price, News & Analysis

$1.36
+0.03 (+2.26%)
(As of 02:49 PM ET)
Today's Range
$1.31
$1.38
50-Day Range
$1.22
$2.09
52-Week Range
$1.22
$6.30
Volume
130,754 shs
Average Volume
1.01 million shs
Market Capitalization
$75.01 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.20

Omega Therapeutics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
650.0% Upside
$10.20 Price Target
Short Interest
Bearish
27.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.47mentions of Omega Therapeutics in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.23) to ($1.06) 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.

2.46 out of 5 stars

Medical Sector

492nd out of 927 stocks

Biological Products, Except Diagnostic Industry

82nd out of 154 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

44-year Wall Street Vet: “Permanent devastation is coming to America”
After 44 years on Wall Street, I've seen it all... Black Monday, the Great Recession, the Covid crash. But now a looming disaster is threatening America. And it's unlike anything we've ever experienced before.
44-year Wall Street Vet: “Permanent devastation is coming to America”
After 44 years on Wall Street, I've seen it all... Black Monday, the Great Recession, the Covid crash. But now a looming disaster is threatening America. And it's unlike anything we've ever experienced before.
4 Analysts Have This To Say About Omega Therapeutics
See More Headlines
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Company Calendar

Last Earnings
8/06/2024
Today
9/16/2024
Next Earnings (Estimated)
11/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:OMGA
Fax
N/A
Employees
120
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.20
High Stock Price Target
$12.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+650.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-97,430,000.00
Net Margins
-1,249.54%
Pretax Margin
-1,249.54%

Debt

Sales & Book Value

Annual Sales
$6.31 million
Book Value
$1.05 per share

Miscellaneous

Free Float
23,717,000
Market Cap
$75.01 million
Optionable
Optionable
Beta
1.86
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Key Executives

  • Mr. Mahesh Karande (Age 50)
    President, CEO & Board Director
    Comp: $910.39k
  • Mr. Joshua Reed M.B.A. (Age 51)
    Chief Financial Officer
    Comp: $659.39k
  • Dr. Yan Moore M.D. (Age 57)
    Chief Medical Officer
    Comp: $738.34k
  • Dr. Thomas McCauley Ph.D. (Age 55)
    Chief Scientific Officer
    Comp: $588.5k
  • Ms. Ling Zeng Esq. (Age 55)
    J.D., Chief Legal & Administrative Officer and Secretary
    Comp: $519.36k
  • Mr. Anthony Mullin
    Chief People Officer
  • Ms. Barbara Y. Chan (Age 60)
    Senior Vice President of Finance
  • Mr. Charles O'Donnell Ph.D.
    VP and Head of Computational Genomics & Data Sciences

OMGA Stock Analysis - Frequently Asked Questions

How have OMGA shares performed this year?

Omega Therapeutics' stock was trading at $3.01 at the beginning of 2024. Since then, OMGA stock has decreased by 54.8% and is now trading at $1.36.
View the best growth stocks for 2024 here
.

How were Omega Therapeutics' earnings last quarter?

Omega Therapeutics, Inc. (NASDAQ:OMGA) announced its quarterly earnings results on Tuesday, August, 6th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.06. The company earned $2.13 million during the quarter, compared to analyst estimates of $1.25 million. Omega Therapeutics had a negative trailing twelve-month return on equity of 156.48% and a negative net margin of 1,249.54%.

When did Omega Therapeutics IPO?

Omega Therapeutics (OMGA) raised $126 million in an IPO 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' top institutional investors include Squarepoint Ops LLC (0.40%), Renaissance Technologies LLC (0.23%), Point72 Asset Management L.P. (0.21%) and XTX Topco Ltd (0.15%). 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 9/16/2024 by MarketBeat.com Staff

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