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688114 MGI Tech Co., Ltd.

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70.03
+3.35+5.02%

Market Closed Feb 14 15:00 CST

29.17BMarket Cap-33.41P/E (TTM)

MGI Tech Co., Ltd. Stock Forum

Moomoo AI

Feb 9, 2024 01:00

MGI Tech's conservative balance sheet could likely eliminate its debt easily. However, future earnings will determine its ability to maintain a healthy balance sheet. The company's revenue shrinkage and pre-interest, pre-tax loss last year is worrisome. The company may need to raise capital again soon.

Is MGI Tech (SHSE:688114) A Risky Investment?

Spinee

Jan 28, 2024 19:47

A bill to prohibit contracting with certain biotechnology providers, and for other purposes.

BGI, MGI, Complete Genomics, Wuxi Apptec, and any subsidiary are included.
Last Friday, WuXi AppTec's shares tumble by 20% in Hong Kong and fall by a 10% limit-down in mainland China.
Other CRO stocks including Medicilon are also falling.
$WUXI BIO (02269.HK)$ $WUXI APPTEC (02359.HK)$ $BGI Genomics (300676.SZ)$ $MGI Tech Co., Ltd. (688114.SH)$ $Shanghai Medicilon Inc. (688202.SH)$ $Novo-Nordisk A/S (NVO.US)$ $Hang Seng H-Share Index ETF (02828.HK)$

Moomoo AI

Dec 17, 2023 19:33

MGI Tech's P/S ratio may be overvalued amid poor revenue performance and average future growth estimates. Investors might be overpaying with no clear justification, risking long-term share price sustainability.

Revenues Not Telling The Story For MGI Tech Co., Ltd. (SHSE:688114)

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688114 MGI Tech Co., Ltd.

MGI Tech Co., Ltd. Stock Forum

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