On Tuesday, Macrogenics Inc (NASDAQ: MGNX) opened higher 5.32% from the last session, before settling in for the closing price of $15.41. Price fluctuations for MGNX have ranged from $4.29 to $21.88 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 15.77% over the past five years. Company’s average yearly earnings per share was noted -1616.78% at the time writing. With a float of $58.71 million, this company’s outstanding shares have now reached $62.07 million.
Let’s look at the performance matrix of the company that is accounted for 339 employees.
Macrogenics Inc (MGNX) Insider Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Macrogenics Inc is 6.15%, while institutional ownership is 94.72%. The most recent insider transaction that took place on Apr 04 ’24, was worth 799,148. In this transaction Senior VP and General Counsel of this company sold 51,395 shares at a rate of $15.55, taking the stock ownership to the 0 shares. Before that another transaction happened on Mar 06 ’24, when Company’s Senior VP and General Counsel sold 19,625 for $21.50, making the entire transaction worth $421,938. This insider now owns 8,895 shares in total.
Macrogenics Inc (MGNX) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -0.61 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.45) by -1.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1616.78% per share during the next fiscal year.
Macrogenics Inc (NASDAQ: MGNX) Trading Performance Indicators
Check out the current performance indicators for Macrogenics Inc (MGNX). In the past quarter, the stock posted a quick ratio of 4.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit -0.64 in the next quarter and is forecasted to reach -2.03 in one year’s time.
Technical Analysis of Macrogenics Inc (MGNX)
Macrogenics Inc (NASDAQ: MGNX) saw its 5-day average volume 0.82 million, a negative change from its year-to-date volume of 1.43 million. As of the previous 9 days, the stock’s Stochastic %D was 17.03%. Additionally, its Average True Range was 1.15.
During the past 100 days, Macrogenics Inc’s (MGNX) raw stochastic average was set at 60.74%, which indicates a significant increase from 28.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 117.81% in the past 14 days, which was higher than the 77.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.88, while its 200-day Moving Average is $9.66. Nevertheless, the first resistance level for the watch stands at $16.68 in the near term. At $17.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.66. If the price goes on to break the first support level at $15.69, it is likely to go to the next support level at $15.15. Assuming the price breaks the second support level, the third support level stands at $14.71.
Macrogenics Inc (NASDAQ: MGNX) Key Stats
There are currently 62,561K shares outstanding in the company with a market cap of 1.02 billion. Presently, the company’s annual sales total 58,750 K according to its annual income of -9,060 K. Last quarter, the company’s sales amounted to 10,720 K and its income totaled -46,070 K.
