In last trading session, Macrogenics Inc (NASDAQ:MGNX) saw 0.63 million shares changing hands with its beta currently measuring 2.07. Company’s recent per share price level of $3.19 trading at $0.15 or 4.93% at ring of the bell on the day assigns it a market valuation of $200.08M. That closing price of MGNX’s stock is at a discount of -585.89% from its 52-week high price of $21.88 and is indicating a premium of 7.52% from its 52-week low price of $2.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 906.02K if we extend that period to 3-months.
For Macrogenics Inc (MGNX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.18. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.21 in the current quarter.
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Macrogenics Inc (NASDAQ:MGNX) trade information
Upright in the green during last session for gaining 4.93%, in the last five days MGNX remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $3.19 price level, adding 3.04% to its value on the day. Macrogenics Inc’s shares saw a change of -66.84% in year-to-date performance and have moved -2.74% in past 5-day. Macrogenics Inc (NASDAQ:MGNX) showed a performance of -7.54% in past 30-days. Number of shares sold short was 5.77 million shares which calculate 8.01 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 60.13% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 32. It follows that stock’s current price would drop -25.39% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.39% 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 -78.33% of value to its shares in past 6 months, showing an annual growth rate of 17.31% while that of industry is 12.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 106.50% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 76.11M for the same. And 8 analysts are in estimates of company making revenue of 22.48M in the next quarter. Company posted 10.4M and 10.72M of sales in current and next quarters respectively a year earlier.
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 48.88% during past 5 years.
Macrogenics Inc (NASDAQ:MGNX)’s Major holders
Insiders are in possession of 2.64% of company’s total shares while institution are holding 101.67 percent of that, with stock having share float percentage of 104.43%. Investors also watch the number of corporate investors in a company very closely, which is 101.67% institutions for Macrogenics Inc that are currently holding shares of the company. BELLEVUE GROUP AG is the top institutional holder at MGNX for having 9.94 million shares of worth $42.25 million. And as of 2024-06-30, it was holding 15.9612 of the company’s outstanding shares.
The second largest institutional holder is ARMISTICE CAPITAL, LLC, which was holding about 6.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6323 of outstanding shares, having a total worth of $25.5 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.0 shares of worth $6.39 million or 3.19% of the total outstanding shares. The later fund manager was in possession of 1.65 shares on Aug 31, 2024 , making its stake of worth around $5.27 million in the company or a holder of 2.63% of company’s stock.
