Macrogenics Inc (NASDAQ:MGNX) price on Wednesday, May 09, fall -8.66% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $14.66.
A look at the stock’s price movement, the close in the last trading session was $16.05. Turning to its 52-week performance, $21.88 and $4.29 were the 52-week high and 52-week low respectively. Overall, MGNX moved -19.01% over the past month.
Macrogenics Inc’s market cap currently stands at around $917.13 million.
Analysts have a consensus estimate of 14.62M for the company’s revenue for the quarter, with a low and high estimate of 10.29M and 22.7M respectively. The average forecast suggests down to a -40.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 68.77M, representing a 17.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MGNX is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
MGNX’s current price about -8.50% and -11.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.49, while 7-day volatility ratio is 7.46% and 6.62% in the 30-day chart. Further, Macrogenics Inc (MGNX) has a beta value of 2.19, and an average true range (ATR) of 1.16.
If we refocus on Macrogenics Inc (NASDAQ:MGNX), historical trading data shows that trading volumes averaged 1.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 62.07 million shares.
The 6.45% of Macrogenics Inc’s shares are in the hands of company insiders while institutional holders own 95.77% of the company’s shares. Current price change has pushed the stock 52.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MGNX stock continues to rise going into the next quarter.