During the last session, Macrogenics Inc (NASDAQ:MGNX)’s traded shares were 0.46 million, with the beta value of the company hitting 2.03. At the end of the trading day, the stock’s price was $3.24, reflecting an intraday gain of 0.93% or $0.03. The 52-week high for the MGNX share is $21.88, that puts it down -575.31 from that peak though still a striking 8.95% gain since the share price plummeted to a 52-week low of $2.95. The company’s market capitalization is $203.35M, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 653.91K shares over the past three months.

Macrogenics Inc (MGNX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.36. 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.

Macrogenics Inc (NASDAQ:MGNX) trade information

Macrogenics Inc (MGNX) registered a 0.93% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.93% in intraday trading to $3.24, hitting a weekly high. The stock’s 5-day price performance is -9.24%, and it has moved by -10.00% in 30 days. Based on these gigs, the overall price performance for the year is -56.16%. The short interest in Macrogenics Inc (NASDAQ:MGNX) is 5.46 million shares and it means that shorts have 10.07 day(s) to cover.

The consensus price target of analysts on Wall Street is $8, which implies an increase of 59.5% 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 -887.65% off the target high and -23.46% 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 -28.79% during the last six months, with a year-to-date growth rate more than the industry average at 49.04% against 11.50.

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 -729.52% in 2024.

MGNX Dividends

Macrogenics Inc is due to release its next quarterly earnings in December. 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 93.72%, with the float percentage being 96.26%. BELLEVUE GROUP AG is the largest shareholder of the company, while 177.0 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.

Also, the Mutual Funds coming in first place with the largest holdings of Macrogenics Inc (MGNX) shares are Vanguard Total Stock Market Index Fund and Wasatch Ultra Growth Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.0 shares. This amounts to just over 3.19 percent of the company’s overall shares, with a $6.49 million market value. The same data shows that the other fund manager holds slightly less at 1.63, or about 2.60% of the stock, which is worth about $5.29 million.