Macrogenics Inc [MGNX] stock prices are up 10.70% to $4.14 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MGNX shares have gain 15.32% over the last week, with a monthly amount glided 14.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Macrogenics Inc [NASDAQ: MGNX] stock has seen the most recent analyst activity on August 01, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, Guggenheim downgraded its rating to Neutral on July 31, 2024. On July 31, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $5 on the stock. TD Cowen downgraded its rating to a Hold. Stifel downgraded its rating to a Hold and reduced its price target to $7 on May 10, 2024. BMO Capital Markets downgraded its rating to Market Perform for this stock on May 10, 2024, and downed its price target to $8. In a note dated April 26, 2024, B. Riley Securities initiated an Buy rating and provided a target price of $25 on this stock.
The stock price of Macrogenics Inc [MGNX] has been fluctuating between $2.95 and $21.88 over the past year. Currently, Wall Street analysts expect the stock to reach $10.33 within the next 12 months. Macrogenics Inc [NASDAQ: MGNX] shares were valued at $4.14 at the most recent close of the market. An investor can expect a potential return of 149.52% based on the average MGNX price forecast.
Analyzing the MGNX fundamentals
The Macrogenics Inc [NASDAQ:MGNX] reported sales of 41.02M for trailing twelve months, representing a drop of -17.81%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -4.8%, Pretax Profit Margin comes in at -3.32%, and Net Profit Margin reading is -3.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.68, Equity is -1.07 and Total Capital is -1.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.83 points at the first support level, and at 3.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.30, and for the 2nd resistance point, it is at 4.46.
Ratios To Look Out For
It’s worth pointing out that Macrogenics Inc [NASDAQ:MGNX]’s Current Ratio is 2.71. On the other hand, the Quick Ratio is 2.69, and the Cash Ratio is 1.45. Considering the valuation of this stock, the price to sales ratio is 6.33, the price to book ratio is 4.49.
Transactions by insiders
Recent insider trading involved Peters Jeffrey Stuart, Senior VP and General Counsel, that happened on Apr 04 ’24 when 51395.0 shares were sold. Senior VP and General Counsel, Peters Jeffrey Stuart completed a deal on Mar 06 ’24 to sell 19625.0 shares. Meanwhile, Chief Operating Officer Risser Eric Blasius sold 41159.0 shares on Mar 04 ’24.
