MacroGenics Inc. (NASDAQ:MGNX) went down by -9.18% from its latest closing price compared to the recent 1-year high of $36.48. The company’s stock price has collected -7.01% of loss in the last five trading sessions. Press Release reported on 04/29/21 that MacroGenics Provides Update on Corporate Progress and First Quarter 2021 Financial Results
Is It Worth Investing in MacroGenics Inc. (NASDAQ :MGNX) Right Now?
Plus, the 36-month beta value for MGNX is at 2.29. Opinions of the stock are interesting as 10 analysts out of 12 who provided ratings for MacroGenics Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $37.70, which is $1.44 above the current price. MGNX currently public float of 53.31M and currently shorts hold a 6.62% ratio of that float. Today, the average trading volume of MGNX was 803.62K shares.
MGNX’s Market Performance
MGNX stocks went down by -7.01% for the week, with a monthly jump of 1.60% and a quarterly performance of 58.32%, while its annual performance rate touched 349.44%. The volatility ratio for the week stands at 5.62% while the volatility levels for the past 30 days are set at 5.48% for MacroGenics Inc.. The simple moving average for the period of the last 20 days is -1.03% for MGNX stocks with a simple moving average of 27.18% for the last 200 days.
Analysts’ Opinion of MGNX
Many brokerage firms have already submitted their reports for MGNX stocks, with Credit Suisse repeating the rating for MGNX by listing it as a “Outperform.” The predicted price for MGNX in the upcoming period, according to Credit Suisse is $37 based on the research report published on April 26th of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see MGNX reach a price target of $40, previously predicting the price at $14. The rating they have provided for MGNX stocks is “Overweight” according to the report published on March 12th, 2021.
H.C. Wainwright gave a rating of “Buy” to MGNX, setting the target price at $36 in the report published on December 22nd of the previous year.
MGNX Trading at 10.16% from the 50-Day Moving Average
After a stumble in the market that brought MGNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.29% of loss for the given period.
Volatility was left at 5.48%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares surge +0.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +70.41% upper at present.
During the last 5 trading sessions, MGNX fell by -7.01%, which changed the moving average for the period of 200-days by +12.36% in comparison to the 20-day moving average, which settled at $32.70. In addition, MacroGenics Inc. saw 41.56% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MGNX starting from Spitznagel Thomas, who sale 5,000 shares at the price of $30.91 back on Apr 15. After this action, Spitznagel Thomas now owns 0 shares of MacroGenics Inc., valued at $154,550 using the latest closing price.
Karrels James, the SVP, CFO and Secretary of MacroGenics Inc., sale 15,000 shares at $33.00 during a trade that took place back on Mar 22, which means that Karrels James is holding 143,460 shares at $495,000 based on the most recent closing price.
Stock Fundamentals for MGNX
Current profitability levels for the company are sitting at:
- -124.96 for the present operating margin
The net margin for MacroGenics Inc. stands at -123.70. The total capital return value is set at -44.70, while invested capital returns managed to touch -44.79. Equity return is now at value -46.00, with -36.00 for asset returns.
Based on MacroGenics Inc. (MGNX), the company’s capital structure generated 9.88 points at debt to equity in total, while total debt to capital is 9.00. Total debt to assets is 7.72, with long-term debt to equity ratio resting at 8.54. Finally, the long-term debt to capital ratio is 7.77.
When we switch over and look at the enterprise to sales, we see a ratio of 9.11, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 5.86 and the total asset turnover is 0.30. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.17.