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Sunday, April 18, 2021

The Stocks of MGTA Are Being Expected to Put Up an EPS of $0.43

Several research analysts working on the stocks of MGTA have predicted that the stock would be upholding an EPS of $0.43 for this fiscal quarter. According to the reports, none of the research analysts have estimated the EPS- but there have been predictions of the highest EPS coming in at $0.37, and the lowest estimate coming in at $0.48. The EPS reported by MGTA for the previous year for the same quarter was $0.59, something that indicates a positive annual growth rate of around 27.1%. The firm is definitely going to post the next results of its earnings on the 2nd of March. 

The Quarterly Earnings of MGTA

The company previously reported its data on earnings on the 5th of November. The EPS reported by the company was $0.37, which beat out the consensus estimate of around $0.45. 

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There have been quite a number of firms that have been commenting on the stocks of the company. ValuEngine has already increased the shares of MGTA from a rating of ‘buy’ to a rating of ‘strong buy’ in one of their research reports that were published on the 1st of December.

JPMorgan & Chase Co. have also initiated several coverages on the shares of this company- which has led them to put up a rating of ‘overweight’ for the stocks of the firm. Zacks Investment Research, on the other hand, has lowered the shares of the company from a rating of ‘buy’ to a rating of ‘hold’ in one of their research reports that were published on the 15th of December. BidaskClub has also reported an increase in the ratings of the company from ‘sell’ to ‘hold’. 

Two of the investment analysts working on the stocks of MGTA have reported a rating of hold, while four others have given it a rating of buy. The consensus rating for the firm currently is ‘Buy’, while the price target has been set at $14.75.

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