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NASDAQ:MGNXMacroGenics Stock Price, Forecast & News

$27.42
-0.02 (-0.07 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$26.92
Now: $27.42
$29.20
50-Day Range
$25.26
MA: $27.91
$31.51
52-Week Range
$4.04
Now: $27.42
$32.18
Volume516,048 shs
Average Volume1.66 million shs
Market Capitalization$1.48 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.74
MacroGenics, Inc., a biopharmaceutical company, discovers and develops antibody-based therapeutics for the treatment of cancer in the United States. Its pipeline of immuno-oncology product candidates includes Margetuximab, a monoclonal antibody, which is in Phase III clinical trial that targets HER2-expressing tumors, such as various breast and gastroesophageal cancers. The company is also developing Flotetuzumab, a DART molecule that recognizes CD123 and CD3; MGA012, an anti-PD-1 monoclonal antibody, which inhibits programmed cell death protein 1 (PD-1); MGD013, a monoclonal antibody that targets the immune checkpoints PD-1 and lymphocyte-activation gene 3; MGD019, a monoclonal antibody that targets the immune checkpoints PD-1 and cytotoxic T-lymphocyte-associated protein 4; and Enoblituzumab, a monoclonal antibody that targets B7-H3. In addition, the company is developing MGD009, a DART molecule that targets B7-H3 expressed on tumor cells and CD3; MGC018, an antibody drug conjugate, which targets solid tumors expressing B7-H3; and MGD007, a DART molecule, which targets glycoprotein A33 and CD3; and MGD014, a DART molecule that targets virus-infected cells. It has strategic collaborations with Incyte Corporation; Les Laboratoires Servier and Institut de Recherches Servier; and Zai Lab Limited. MacroGenics, Inc. was founded in 2000 and is headquartered in Rockville, Maryland.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:MGNX
CUSIPN/A
Phone301-251-5172

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$64.19 million
Book Value$4.58 per share

Profitability

Net Income$-151,810,000.00
Net Margins-214.06%

Miscellaneous

Employees364
Market Cap$1.48 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$27.42
-0.02 (-0.07 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MacroGenics (NASDAQ:MGNX) Frequently Asked Questions

How has MacroGenics' stock been impacted by COVID-19 (Coronavirus)?

MacroGenics' stock was trading at $6.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MGNX stock has increased by 322.5% and is now trading at $27.42.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of MacroGenics?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MacroGenics in the last year. There are currently 2 sell ratings, 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for MacroGenics
.

When is MacroGenics' next earnings date?

MacroGenics is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for MacroGenics
.

How were MacroGenics' earnings last quarter?

MacroGenics Inc (NASDAQ:MGNX) posted its earnings results on Thursday, July, 30th. The biopharmaceutical company reported ($0.94) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.92) by $0.02. The biopharmaceutical company had revenue of $20.26 million for the quarter, compared to the consensus estimate of $14.19 million. MacroGenics had a negative net margin of 214.06% and a negative return on equity of 72.15%.
View MacroGenics' earnings history
.

What price target have analysts set for MGNX?

14 analysts have issued 1-year target prices for MacroGenics' stock. Their forecasts range from $8.00 to $50.00. On average, they anticipate MacroGenics' share price to reach $29.92 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price.
View analysts' price targets for MacroGenics
.

Has MacroGenics been receiving favorable news coverage?

Media coverage about MGNX stock has been trending very positive on Saturday, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MacroGenics earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave news articles about the biopharmaceutical company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about MacroGenics
.

Are investors shorting MacroGenics?

MacroGenics saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,230,000 shares, a decrease of 9.4% from the July 15th total of 4,670,000 shares. Based on an average daily volume of 3,150,000 shares, the short-interest ratio is presently 1.3 days. Currently, 9.5% of the company's shares are short sold.
View MacroGenics' Current Options Chain
.

Who are some of MacroGenics' key competitors?

What other stocks do shareholders of MacroGenics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MacroGenics investors own include AbbVie (ABBV), Exelixis (EXEL), Gilead Sciences (GILD), Sangamo Therapeutics (SGMO), NVIDIA (NVDA), Bausch Health Companies (BHC), Epizyme (EPZM), Incyte (INCY), Karyopharm Therapeutics (KPTI) and Nektar Therapeutics (NKTR).

Who are MacroGenics' key executives?

MacroGenics' management team includes the following people:
  • Dr. Scott Koenig, CEO, Pres & Director (Age 67)
  • Mr. James Karrels, Sr. VP, CFO & Sec. (Age 52)
  • Dr. Ezio Bonvini, Sr. VP of Research & Chief Scientific Officer (Age 65)
  • Mr. Eric Blasius Risser, Sr. VP of Bus. Devel. & Portfolio Management and Chief Bus. Officer (Age 46)
  • Dr. Jon M. Wigginton, Sr. VP of Clinical Devel. & Chief Medical Officer (Age 57)

What is MacroGenics' stock symbol?

MacroGenics trades on the NASDAQ under the ticker symbol "MGNX."

Who are MacroGenics' major shareholders?

MacroGenics' stock is owned by a number of retail and institutional investors. Top institutional investors include Rhenman & Partners Asset Management AB (1.37%), Candriam Luxembourg S.C.A. (0.95%), Principal Financial Group Inc. (0.34%), Assenagon Asset Management S.A. (0.36%), Swiss National Bank (0.19%) and Vident Investment Advisory LLC (0.14%). Company insiders that own MacroGenics stock include Eric Blasius Risser, Jeffrey Stuart Peters, Matthew K Fust and Thomas Spitznagel.
View institutional ownership trends for MacroGenics
.

Which major investors are selling MacroGenics stock?

MGNX stock was sold by a variety of institutional investors in the last quarter, including Rhenman & Partners Asset Management AB, Candriam Luxembourg S.C.A., Principal Financial Group Inc., Virtus ETF Advisers LLC, UBS Group AG, and Arizona State Retirement System. Company insiders that have sold MacroGenics company stock in the last year include Eric Blasius Risser, and Thomas Spitznagel.
View insider buying and selling activity for MacroGenics
.

Which major investors are buying MacroGenics stock?

MGNX stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Vident Investment Advisory LLC, Vident Investment Advisory LLC, Trexquant Investment LP, ProShare Advisors LLC, Swiss National Bank, Seven Eight Capital LP, and Diversified Trust Co.
View insider buying and selling activity for MacroGenics
.

How do I buy shares of MacroGenics?

Shares of MGNX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is MacroGenics' stock price today?

One share of MGNX stock can currently be purchased for approximately $27.42.

How big of a company is MacroGenics?

MacroGenics has a market capitalization of $1.48 billion and generates $64.19 million in revenue each year. The biopharmaceutical company earns $-151,810,000.00 in net income (profit) each year or ($3.16) on an earnings per share basis. MacroGenics employs 364 workers across the globe.

What is MacroGenics' official website?

The official website for MacroGenics is www.macrogenics.com.

How can I contact MacroGenics?

MacroGenics' mailing address is 9704 MEDICAL CENTER DRIVE, Rockville MD, 20850. The biopharmaceutical company can be reached via phone at 301-251-5172.

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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