MacroGenics Inc. (NASDAQ:MGNX) does about 847.39K shares in volume on a normal day but saw 2247613 shares change hands in Tuesday trading. The company now has a market cap of 384.64M USD. Its current market price is $6.18, marking a decrease of -2.98% compared to the previous close of $6.37. The 52 week high reached by this stock is $19.73 whilst the lowest price level in 52 weeks is $2.13. The script in recent trading has seen the stock touch a high of $6.295 and a low of $5.05.
MacroGenics Inc. (MGNX) has a 20-day trading average at $5.91 and the current price is -68.68% off the 52-week high compared with 190.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.53 and its 200-day simple moving average is $5.52. If we look at the stock’s price movements over the week, volatility stands at 13.58%, which decreases to 11.20% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.69 to suggest the stock is neutral.
12 analysts observing the MacroGenics Inc. (MGNX) stock have set the 12-month price targets for the company’s shares at between $6.00 and $18.00. The consensus objective for the share price is $12.33, suggesting that the stock has a potential upside of 49.88% over the period. The median price target is 50.56% away from the current levels at $12.50.
FactSet Research has provided data showing that 12 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 9 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
BMO Capital Markets upgraded the stock to “Outperform” from Market Perform on November 14, 2022 at a price target of $5.70-$16. SMBC Nikko downgraded its price target at $5.
The current price level is 5.66%, 37.92%, and 11.39% away from its SMA20, SMA50, and SMA200 respectively, with the MGNX price moving below the 50-day SMA on November 22. MacroGenics Inc. (MGNX) stock is down -6.79% over the week and 40.45% over the past month. Its price is -61.50% year-to-date and -66.21% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.67 above consensus estimates by $0.3. The company’s next earnings report is expected on 02/28/2023, with forecasts estimating quarterly EPS at -$0.38 and -$2.13 for whole year. MGNX’s earnings per share are forecast to grow by 36.80% this year and -8.50% over next year. Expected sales for next quarter are $58.07 million, which analysts say will come at $130.83 million for the current fiscal year and next year at $97.68 million. In addition, estimates put the company’s current quarterly revenue at an average of $33.83 million.
Its 12-month price target is $12.50. To reach the target analysts have set, the stock logically needs to grow 49.88 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $6.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $18.00.
Outstanding shares total 61.46M with insiders holding 2.60% of the shares and institutional holders owning 107.77% of the company’s common stock. The company has a return on investment of -84.60% and return on equity of -111.60%. The beta has a value of 2.07. Price to book ratio is 3.09 and price to sales ratio is 4.14.
According to a U.S. Securities and Exchange Commission filing, BB Biotech AG has added its position in MacroGenics Inc. (MGNX) to 7,275,564 shares, mirroring a recent increase by 2.83%. BB Biotech AG added 0.2 million shares of MacroGenics Inc. common stock bringing its total worth to about $37.25 million at the end of recent close, SEC documents show.