During the recent session, Macrogenics Inc (NASDAQ:MGNX)’s traded shares were 0.49 million, with the beta value of the company hitting 2.09. At the last check today, the stock’s price was $3.63, reflecting an intraday gain of 6.76% or $0.23. The 52-week high for the MGNX share is $21.88, that puts it down -502.75 from that peak though still a striking 18.73% gain since the share price plummeted to a 52-week low of $2.95. The company’s market capitalization is $227.69M, and the average intraday trading volume over the past 10 days was 0.49 million shares, and the average trade volume was 747.97K shares over the past three months.
Macrogenics Inc (MGNX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.18. MGNX has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.21.
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Macrogenics Inc (NASDAQ:MGNX) trade information
Macrogenics Inc (MGNX) registered a 6.76% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.76% in intraday trading to $3.63, hitting a weekly high. The stock’s 5-day price performance is 0.83%, and it has moved by 2.83% in 30 days. Based on these gigs, the overall price performance for the year is -30.46%. The short interest in Macrogenics Inc (NASDAQ:MGNX) is 5.37 million shares and it means that shorts have 8.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 54.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $32 respectively. As a result, MGNX is trading at a discount of -781.54% off the target high and -10.19% off the low.
Macrogenics Inc (MGNX) estimates and forecasts
Statistics show that Macrogenics Inc has outperformed its competitors in share price, compared to the industry in which it operates. Macrogenics Inc (MGNX) shares have gone down -76.15% during the last six months, with a year-to-date growth rate more than the industry average at 17.31% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -25.00% this quarter and then drop -1.30% in the quarter after that. In the rating firms’ projections, revenue will increase 106.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 76.11M as predicted by 7 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 22.48M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.4M and 10.72M respectively. In this case, analysts expect current quarter sales to grow by 632.00% and then jump by 109.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 48.88%. While earnings are projected to return -1238.85% in 2024.
MGNX Dividends
Macrogenics Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Macrogenics Inc (NASDAQ:MGNX)’s Major holders
Macrogenics Inc insiders own 2.64% of total outstanding shares while institutional holders control 101.59%, with the float percentage being 104.35%. BELLEVUE GROUP AG is the largest shareholder of the company, while 204.0 institutions own stock in it. As of 2024-06-30, the company held over 9.94 million shares (or 15.9612% of all shares), a total value of $42.25 million in shares.
The next largest institutional holding, with 6.0 million shares, is of ARMISTICE CAPITAL, LLC’s that is approximately 9.6323% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $25.5 million.
