Is Macrogenics Inc (MGNX) positioned for future growth?

With 1.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.11 shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $18.73 whereas the lowest price it dropped to was $16.77. The 52-week range on MGNX shows that it touched its highest point at $18.85 and its lowest point at $4.29 during that stretch. It currently has a 1-year price target of $14.56. Beta for the stock currently stands at 2.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MGNX was up-trending over the past week, with a rise of 12.14%, but this was up by 59.63% over a month. Three-month performance surged to 151.38% while six-month performance rose 179.81%. The stock gained 213.20% in the past year, while it has gained 80.04% so far this year. A look at the trailing 12-month EPS for MGNX yields 0.80 with Next year EPS estimates of -1.87. For the next quarter, that number is -0.15. This implies an EPS growth rate of 121.89% for this year and -538.07% for next year.


Float and Shares Shorts:

At present, 61.70 million MGNX shares are outstanding with a float of 58.60 million shares on hand for trading. On Jan 31, 2024, short shares totaled 8.34 million, which was 13.44% higher than short shares on Dec 29, 2023. In addition to Dr. Scott Koenig M.D., Ph.D. as the firm’s President, CEO & Director, Mr. James Karrels serves as its Senior VP, CFO & Corporate Secretary.

Institutional Ownership:

Through their ownership of 99.68% of MGNX’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MGNX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MGNX analysts setting a high price target of $20.00 and a low target of $11.00, the average target price over the next 12 months is $14.56. Based on these targets, MGNX could surge 15.47% to reach the target high and fall by -36.49% to reach the target low. Reaching the average price target will result in a decline of -15.94% from current levels.

Summary of Insider Activity:

Insiders traded MGNX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 883,125 while 12,369 shares were sold.