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The closing price of Macrogenics Inc (NASDAQ: MGNX) was $5.11 for the day, down -5.11% from the previous closing price of $5.39. In other words, the price has decreased by -$5.11 from its previous closing price. On the day, 1.1 million shares were traded. MGNX stock price reached its highest trading level at $5.43 during the session, while it also had its lowest trading level at $4.93.
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 3.61 and its Current Ratio is at 3.63. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.28.
On May 10, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $29 to $7.
BMO Capital Markets Downgraded its Outperform to Market Perform on May 10, 2024, whereas the target price for the stock was revised from $24 to $8.
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 337280960 and an Enterprise Value of 169831984. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.38 while its Price-to-Book (P/B) ratio in mrq is 3.01. Its current Enterprise Value per Revenue stands at 3.917 whereas that against EBITDA is -0.97.
Stock Price History:
The Beta on a monthly basis for MGNX is 2.10, which has changed by 0.05144036 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, MGNX has reached a high of $21.88, while it has fallen to a 52-week low of $3.14. The 50-Day Moving Average of the stock is -7.71%, while the 200-Day Moving Average is calculated to be -49.64%.
Shares Statistics:
MGNX traded an average of 2.42M shares per day over the past three months and 887771 shares per day over the past ten days. A total of 62.07M shares are outstanding, with a floating share count of 58.46M. Insiders hold about 6.66% of the company’s shares, while institutions hold 104.63% stake in the company. Shares short for MGNX as of 1719532800 were 7875168 with a Short Ratio of 3.25, compared to 1717113600 on 9912267. Therefore, it implies a Short% of Shares Outstanding of 7875168 and a Short% of Float of 15.439998999999998.
