MacroGenics - MGNX Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MacroGenics in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGNX shares.
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11 brokers have issued 12 month price objectives for MacroGenics' stock. Their MGNX share price forecasts range from $5.00 to $17.00. On average, they predict the company's share price to reach $11.20 in the next twelve months. This suggests a possible upside of 56.2% from the stock's current price.
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MacroGenics' stock was trading at $6.71 at the beginning of 2023. Since then, MGNX stock has increased by 6.9% and is now trading at $7.17.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our MGNX earnings forecast.

MacroGenics, Inc. (NASDAQ:MGNX) posted its earnings results on Tuesday, November, 2nd. The biopharmaceutical company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.63) by $0.23. The biopharmaceutical company had revenue of $15.66 million for the quarter, compared to the consensus estimate of $39.56 million. MacroGenics had a negative net margin of 78.82% and a negative trailing twelve-month return on equity of 81.79%. During the same quarter last year, the firm earned ($0.66) EPS.

ETFs with the largest weight of MacroGenics (NASDAQ:MGNX) stock in their portfolio include iShares Genomics Immunology and Healthcare ETF (IDNA), Invesco Nasdaq Future Gen 200 ETF (QQQS), Invesco DWA SmallCap Momentum ETF (DWAS), Principal Healthcare Innovators ETF (BTEC), BlackRock Future Health ETF (BMED), iShares Biotechnology ETF (IBB) and ProShares Ultra Nasdaq Biotechnology (BIB) and

12 employees have rated MacroGenics Chief Executive Officer Scott Koenig on Glassdoor.com. Scott Koenig has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MacroGenics investors own include AbbVie (ABBV), Exelixis (EXEL), Gilead Sciences (GILD), NVIDIA (NVDA), Micron Technology (MU), Sangamo Therapeutics (SGMO), Sorrento Therapeutics (SRNE), Intra-Cellular Therapies (ITCI), TG Therapeutics (TGTX) and Bausch Health Companies (BHC).

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

Shares of MGNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MGNX stock can currently be purchased for approximately $7.17.

MacroGenics (NASDAQ:MGNX) has a market capitalization of $443.39 million and generates $151.94 million in revenue each year. The biopharmaceutical company earns $-119,760,000.00 in net income (profit) each year or ($1.94) on an earnings per share basis.

The company employs 427 workers across the globe.

MacroGenics' mailing address is 9704 MEDICAL CENTER DRIVE, Rockville MD, 20850. The official website for the company is www.macrogenics.com. The biopharmaceutical company can be reached via phone at (301) 251-5172, via email at info@macrogenics.com, or via fax at 301-251-5321.