In the last trading session, 1.62 million MacroGenics Inc. (NASDAQ:MGNX) shares changed hands as the company’s beta touched 2.29. With the company’s per share price at $23.50 changed hands at $1.37 or 6.19% during last session, the market valuation stood at $1.39B. MGNX’s last price was a discount, traded about -55.23% off its 52-week high of $36.48. The share price had its 52-week low at $18.16, which suggests the last value was 22.72% up since then. When we look at MacroGenics Inc.’s average trading volume, we note the 10-day average is 1.39 million shares, with the 3-month average coming to 810.99K.
Analysts gave the MacroGenics Inc. (MGNX) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 1 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MGNX as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. MacroGenics Inc.’s EPS for the current quarter is expected to be -$0.46.
MacroGenics Inc. (NASDAQ:MGNX) trade information
Instantly MGNX was in green as seen at the end of in last trading. With action 14.69%, the performance over the past five days has been green. The jump to weekly highs of 23.79 on Tuesday, 06/22/21 added 6.19% to the stock’s daily price. The company’s shares are showing year-to-date upside of 2.80%, with the 5-day performance at 14.69% in the green. However, in the 30-day time frame, MacroGenics Inc. (NASDAQ:MGNX) is -21.48% down. Looking at the short shares, we see there were 3.53 million shares sold at short interest cover period of 5.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is $36.78, meaning bulls need an upside of 36.11% from its current market value. According to analyst projections, MGNX’s forecast low is $17.00 with $50.00 as the target high. To hit the forecast high, the stock’s price needs a -112.77% plunge from its current level, while the stock would need to tank 27.66% for it to hit the projected low.
MacroGenics Inc. (MGNX) estimates and forecasts
Data shows that the MacroGenics Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.00% over the past 6 months, a 18.22% in annual growth rate that is considerably higher than the industry average of 14.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for MacroGenics Inc. will rise 51.10%, while the growth in revenue is estimated to hit 62.10% for the next quarter. Year-over-year growth is forecast to reach 34.10% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $29.93 million. 8 analysts are of the opinion that MacroGenics Inc.’s revenue for the quarter ending Sep 2021 will be $51.73 million. The company’s revenue for the corresponding quarters a year ago was $20.26 million and $15.79 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 47.80%. The estimates for the next quarter sales put growth at 227.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -31.30%. The 2021 estimates are for MacroGenics Inc. earnings to increase by 21.60%.
MacroGenics Inc. is expected to release its next quarterly earnings report in July.
MacroGenics Inc. (NASDAQ:MGNX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.60% of MacroGenics Inc. shares while 91.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.80%. There are 91.36% institutions holding the MacroGenics Inc. stock share, with Bellevue Group AG the top institutional holder. As of Dec 30, 2020, the company held 9.85% of the shares, roughly 5.9 million MGNX shares worth $134.98 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.51% or 5.1 million shares worth $116.7 million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Mar 30, 2021 were SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. With 1.63 million shares estimated at $51.85 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.52% of the shares, roughly 1.51 million shares worth around $34.61 million.