Omega Therapeutics, Inc.

Omega Therapeutics, Inc. Stock Forecast & Price Prediction

Live Omega Therapeutics, Inc. Stock (OMGA) Price
$1.14

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$1.14

P/E Ratio

-0.63

Volume Traded Today

$314,665

Dividend

Dividends not available for OMGA

52 Week High/low

6.30/1.07

Omega Therapeutics, Inc. Market Cap

$62.9M

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OMGA Summary

Based on ratings from 0 stock analysts, the Omega Therapeutics, Inc. stock price is expected to increase by 877.19% in 12 months. This is calculated by using the average 12-month stock price forecast for Omega Therapeutics, Inc.. The lowest target is $7 and the highest is $15. Please note analyst price targets are not guaranteed and could be missed completely.

OMGA Analyst Ratings

Omega Therapeutics, Inc. has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Omega Therapeutics, Inc. will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

OMGA stock forecast by analyst

These are the latest 20 analyst ratings of OMGA.

Analyst/Firm

Rating

Price Target

Change

Date

Robert Burns
HC Wainwright & Co.

Buy

$12

Reiterates

Aug 15, 2024
Keay Nakae
Chardan Capital

Buy

$6

Maintains

Aug 7, 2024
Robert Driscoll
Wedbush

Outperform

$12

Reiterates

Aug 7, 2024
Ryan Deschner
Raymond James

Outperform

$12

Initiates

Jun 18, 2024
Robert Burns
HC Wainwright & Co.

Buy

$12

Reiterates

May 13, 2024
Keay Nakae
Chardan Capital

Buy

$7

Maintains

May 7, 2024
Robert Burns
HC Wainwright & Co.

Buy

$12

Reiterates

Apr 30, 2024
Edward Tenthoff
Piper Sandler

Overweight

$9

Reiterates

Apr 3, 2024
Keay Nakae
Chardan Capital

Buy

$7

Maintains

Apr 1, 2024
Robert Driscoll
Wedbush

Outperform

$12

Reiterates

Jan 4, 2024
Robert Burns
HC Wainwright & Co.

Buy

$12

Maintains

Nov 13, 2023
Robert Driscoll
Wedbush

Outperform

$12

Maintains

Nov 10, 2023
Robert Burns
HC Wainwright & Co.

Buy

$11

Reiterates

Sep 1, 2023

Chardan Capital

Buy


Reiterates

Aug 4, 2023
Robert Burns
HC Wainwright & Co.

Buy

$11

Reiterates

Jun 6, 2023
Keay Nakae
Chardan Capital

Buy

$12

Reiterates

May 8, 2023
Robert Burns
HC Wainwright & Co.

Buy

$11

Reiterates

Mar 31, 2023
Robert Burns
HC Wainwright & Co.

Buy

$11

Reiterates

Mar 24, 2023
Catherine Novack
JonesTrading

Buy

$11

Initiates

Mar 10, 2023
Edward Tenthoff
Piper Sandler

Overweight

$10

Maintains

Mar 3, 2023

OMGA Company Information

What They Do: Develops therapies targeting epigenetic processes.

Business Model: Omega Therapeutics operates as a clinical-stage biotechnology company, leveraging its proprietary OMEGA platform to develop therapies that correct aberrant gene expression without altering DNA sequences. The company generates revenue through the development and potential commercialization of its therapeutic candidates, which target various cancers and chronic diseases.

Other Information: Founded in 2016 and based in Cambridge, Massachusetts, Omega Therapeutics focuses on a range of medical conditions, including hepatocellular carcinoma, non-small cell lung cancer, and inflammatory lung diseases. The company is also exploring treatments for diabetes-related injuries and alopecia, positioning itself in diverse therapeutic areas.
OMGA
Omega Therapeutics, Inc. (OMGA)

When did it IPO

2021

Staff Count

93

Country

United States

Sector/Industry

Healthcare/Biotechnology

CEO

Mr. Mahesh Karande

Market Cap

$62.9M

Omega Therapeutics, Inc. (OMGA) Financial Data

In 2023, OMGA generated $3.1M in revenue, which was a increase of 49.25% from the previous year. This can be seen as a signal that OMGA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$0

Revenue From 2021

$144,000

0.00 %
From Previous Year

Revenue From 2022

$2.1M

1,339.58 %
From Previous Year

Revenue From 2023

$3.1M

49.25 %
From Previous Year
  • Revenue TTM $6.3M
  • Operating Margin TTM -776.9%
  • Gross profit TTM $0
  • Return on assets TTM -25.4%
  • Return on equity TTM -129.1%
  • Profit Margin 0.0%
  • Book Value Per Share 0.48%
  • Market capitalisation $62.9M
  • Revenue for 2021 $144,000
  • Revenue for 2022 $2.1M
  • Revenue for 2023 $3.1M
  • EPS this year (TTM) $-1.42

Omega Therapeutics, Inc. (OMGA) Latest News

News Image

Tue, 17 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Omega Therapeutics published preclinical data in Nature Communications on OTX-2002, which targets the MYC gene in liver cancer, indicating potential for precision epigenomic therapies.

Why It Matters - The publication of promising preclinical data for OTX-2002 enhances Omega Therapeutics' credibility and potential for future commercialization, impacting its stock value and investor interest in biotech innovations.

News Image

Wed, 14 Aug 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Omega Therapeutics has appointed Jennifer Nelson, Ph.D., as Senior VP of Research, enhancing its leadership with her 20+ years in RNA and DNA therapies.

Why It Matters - The appointment of Dr. Jennifer Nelson enhances Omega Therapeutics' leadership in RNA therapies, potentially driving innovation and growth, which can positively impact investor sentiment and stock performance.

News Image

Tue, 06 Aug 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Omega Therapeutics, Inc. (Nasdaq: OMGA) reported its Q2 financial results for 2024, showcasing advancements in its programmable epigenomic mRNA medicines.

Why It Matters - Omega Therapeutics' financial results and advancements in programmable mRNA medicines signal growth potential, impacting stock performance and investor sentiment in the biotech sector.

News Image

Tue, 06 Aug 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Omega Therapeutics, Inc. (OMGA) reported a quarterly loss of $0.30 per share, beating the Zacks Consensus Estimate of $0.36, and improving from a loss of $0.54 per share a year earlier.

Why It Matters - Omega Therapeutics' smaller-than-expected loss signals improved financial performance, potentially boosting investor confidence and impacting stock price positively.

News Image

Mon, 24 Jun 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - A former Merck executive with extensive experience in corporate finance, business development, and corporate licensing has joined a new organization.

Why It Matters - The hiring of a former Merck veteran indicates potential for strategic growth and improved financial management, enhancing investor confidence in the company's future performance.

News Image

Wed, 29 May 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Omega Therapeutics appointed Kaan Certel, Ph.D., as Chief Business Officer to oversee global business development and strategic partnerships, enhancing its position in programmable epigenomic mRNA medicines.

Why It Matters - Kaan Certel's appointment as Chief Business Officer signals Omega Therapeutics' focus on strategic partnerships, potentially enhancing growth and innovation, which can positively impact stock performance.

...

OMGA Frequently asked questions

The highest forecasted price for OMGA is $15 from at .

The lowest forecasted price for OMGA is $7 from Edward Tenthoff from Piper Sandler

The OMGA analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.