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Macrogenics Inc (NASDAQ: MGNX) closed the day trading at $3.90 up 1.04% from the previous closing price of $3.86. In other words, the price has increased by $1.04 from its previous closing price. On the day, 0.54 million shares were traded. MGNX stock price reached its highest trading level at $3.9 during the session, while it also had its lowest trading level at $3.745.
Ratios:
For a better understanding of MGNX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 2.71. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.51.
B. Riley Securities Downgraded its Buy to Neutral on July 31, 2024, whereas the target price for the stock was revised from $18 to $5.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 04 ’24 when Peters Jeffrey Stuart sold 51,395 shares for $15.55 per share. The transaction valued at 799,148 led to the insider holds 0 shares of the business.
Peters Jeffrey Stuart sold 19,625 shares of MGNX for $421,938 on Mar 06 ’24. The Senior VP and General Counsel now owns 8,895 shares after completing the transaction at $21.50 per share. On Mar 04 ’24, another insider, Risser Eric Blasius, who serves as the Chief Operating Officer of the company, sold 41,159 shares for $19.76 each. As a result, the insider received 813,501 and left with 38,900 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGNX now has a Market Capitalization of 244616592 and an Enterprise Value of 135792864. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.96 while its Price-to-Book (P/B) ratio in mrq is 4.23. Its current Enterprise Value per Revenue stands at 3.311 whereas that against EBITDA is -0.717.
Stock Price History:
Over the past 52 weeks, MGNX has reached a high of $21.88, while it has fallen to a 52-week low of $2.95. The 50-Day Moving Average of the stock is 10.84%, while the 200-Day Moving Average is calculated to be -56.81%.
Shares Statistics:
Over the past 3-months, MGNX traded about 762.28K shares per day on average, while over the past 10 days, MGNX traded about 494430 shares per day. A total of 62.07M shares are outstanding, with a floating share count of 58.01M. Insiders hold about 7.51% of the company’s shares, while institutions hold 92.44% stake in the company. Shares short for MGNX as of 1727654400 were 5530578 with a Short Ratio of 7.26, compared to 1724976000 on 6561497. Therefore, it implies a Short% of Shares Outstanding of 5530578 and a Short% of Float of 10.82.
