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The closing price of Macrogenics Inc (NASDAQ: MGNX) was $3.98 for the day, down -7.01% from the previous closing price of $4.28. In other words, the price has decreased by -$7.01 from its previous closing price. On the day, 0.65 million shares were traded. MGNX stock price reached its highest trading level at $4.28 during the session, while it also had its lowest trading level at $3.79.
Ratios:
Our analysis of MGNX’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 249634352 and an Enterprise Value of 143319536. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.09 while its Price-to-Book (P/B) ratio in mrq is 4.32. Its current Enterprise Value per Revenue stands at 3.494 whereas that against EBITDA is -0.757.
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 14.79%, while the 200-Day Moving Average is calculated to be -56.63%.
Shares Statistics:
MGNX traded an average of 817.09K shares per day over the past three months and 537720 shares per day over the past ten days. 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 6.77, compared to 1724976000 on 6561497. Therefore, it implies a Short% of Shares Outstanding of 5530578 and a Short% of Float of 10.82.
