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MacroGenics Inc. Shares Rise 29.24% From The Lows – But Will They Continue?

In last trading session, MacroGenics Inc. (NASDAQ:MGNX) saw 1.07 million shares changing hands with its beta currently measuring 1.95. Company’s recent per share price level of $3.01 trading at -$0.15 or -4.75% at ring of the bell on the day assigns it a market valuation of $189.84M. That closing price of MGNX’s stock is at a discount of -653.49% from its 52-week high price of $22.68 and is indicating a premium of 29.24% from its 52-week low price of $2.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.57 million shares which gives us an average trading volume of 948.19K if we extend that period to 3-months.

For MacroGenics Inc. (MGNX), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.90. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.97 in the current quarter.

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MacroGenics Inc. (NASDAQ:MGNX) trade information

Upright in the red during last session for losing -4.75%, in the last five days MGNX remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $3.01 price level, adding 14.0% to its value on the day. MacroGenics Inc.’s shares saw a change of -81.25% in year-to-date performance and have moved -14.97% in past 5-day. MacroGenics Inc. (NASDAQ:MGNX) showed a performance of -20.79% in past 30-days. Number of shares sold short was 6.84 million shares which calculate 3.12 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $10.72 to the stock, which implies a rise of 71.92% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $20.00. It follows that stock’s current price would drop -564.45% in reaching the projected high whereas dropping to the targeted low would mean a loss of -66.11% for stock’s current value.

MacroGenics Inc. (MGNX) estimates and forecasts

Statistics highlight that MacroGenics Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -66.41% of value to its shares in past 6 months, showing an annual growth rate of 33.53% while that of industry is 2.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -47.00% in the current quarter and calculating 22.10% increase in the next quarter. This year revenue growth is estimated to rise 6.20% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $13.77 million for the same. And 8 analysts are in estimates of company making revenue of $33.86 million in the next quarter that will end on Sep 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -14.80% during past 5 years.

MGNX Dividends

MacroGenics Inc. is more likely to be releasing its next quarterly report between April 27 and May 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

MacroGenics Inc. (NASDAQ:MGNX)’s Major holders

Insiders are in possession of 2.60% of company’s total shares while institution are holding 100.83 percent of that, with stock having share float percentage of 103.53%. Investors also watch the number of corporate investors in a company very closely, which is 100.83% institutions for MacroGenics Inc. that are currently holding shares of the company. Bellevue Group AG is the top institutional holder at MGNX for having 7.33 million shares of worth $64.54 million. And as of Mar 30, 2022, it was holding 11.94% of the company’s outstanding shares.

The second largest institutional holder is RA Capital Management, L.P., which was holding about 6.1 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 9.95% of outstanding shares, having a total worth of $53.77 million.

On the other hand, Vanguard Total Stock Market Index Fund and Wasatch Ultra Growth Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 1.75 million shares of worth $15.4 million or 2.85% of the total outstanding shares. The later fund manager was in possession of 1.74 million shares on Mar 30, 2022, making its stake of worth around $15.3 million in the company or a holder of 2.83% of company’s stock.

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