Macrogenics Inc (MGNX) Stock Forecast & Predictions

Macrogenics Inc MGNX: $31.28

9704 Medical Center Dr, Rockville, Maryland, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web:

  • Market Cap$1.88B
  • Change (52 Weeks)464.62%
  • Low (52 Weeks)$5
  • Macrogenics Inc (MGNX) Forecast Based on Technical Analysis

    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Macrogenics Inc (MGNX) stock price is $31.28 and the 52 weeks low is $5, which means the Macrogenics Inc stock price is up 464.62% in the last 12 months.

    Macrogenics Inc (MGNX) Stock Price has been Trending Strongly with an ADX reading of 29.60 as per the Weekly Chart.

    A Upward trend indicates that Macrogenics Inc (MGNX) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that MGNX Stock price might rise further, 25.00% indicating that MGNX Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MGNX stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Macrogenics Inc (MGNX) Stock Forecast By Analysts

    Strong Buy
    Analysts Recommendations for Macrogenics Inc (MGNX) is based on 18 Institutional Analyst Ratings where 44.44% are on Strong Buy, 38.89% on Moderate Buy, 11.11% remains on Hold, 0.00% are on Moderate Sell and 5.56% are on Strong Sell.

    Out of 18 Institutional Analysts, majority recommended MGNX stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Macrogenics Inc.

    Macrogenics Inc (MGNX) Stock Price Prediction By Analysts

    $34.379.89% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for MGNX set by the institutional analysts is $34.37 where High Estimate is $42.00, Median $37.230000000000004 and Low $15.15.

    The average price target for MGNX by Institutional Analysts is $34.37, which is 9.89% Upside from the current price. So according to the Institutional Analysts, MGNX Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Macrogenics Inc (MGNX) Stock Forecast Based on News Sentiment

    Based on 5 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about MGNX, it shows that Macrogenics Inc had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that MGNX stock price may surge in the next few weeks.

    Macrogenics Inc (MGNX) Stock Forecasts By Institutional Analysts

    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    SVB LeerinkOutperformMaintained
    Morgan StanleyUnderweightMaintained
    SVB LeerinkOutperformMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    SVB LeerinkOutperformMaintained
    HC Wainwright & Co.BuyMaintained
    Credit SuisseOutperformMaintained
    SVB LeerinkOutperformReiterated
    HC Wainwright & Co.BuyReiterated
    Credit SuisseOutperformMaintained
    Cantor FitzgeraldOverweightInitiated
    Morgan StanleyUnderweightDowngraded
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyMaintained
    Credit SuisseOutperformInitiated
    Raymond JamesMarket PerformUpgraded
    Evercore ISI GroupOutperformInitiated
    Morgan StanleyEqual-WeightMaintained
    H.C. WainwrightBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    Raymond JamesOutperformInitiated
    SunTrust Robinson HumphreyBuyInitiated
    Cowen & Co.OutperformInitiated
    BTIG ResearchBuyInitiated
    Morgan StanleyEqual-WeightInitiated
    Janney CapitalBuyInitiated
    Roth CapitalBuyMaintained
    Stifel NicolausBuyMaintained
    Roth CapitalBuyInitiated
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyMaintained
    Bank of AmericaBuyUpgraded
    Stifel NicolausBuyInitiated
    Leerink SwannOutperformInitiated
    Bank of AmericaNeutralInitiated

    Macrogenics Inc (MGNX) Stock Earning Per Share (EPS) Forecast / Estimate

    The average consensus EPS for MGNX is $-0.451 with a high estimate of $1.754 and Low of $-1.098 for the period 2021-06-30 and based on 12 Institutional Analysts.

    Last Quarter


    The latest average Earning Per Share Estimate for Macrogenics Inc is $-0.45, which is higher than MGNX's last EPS, $-0.66. This means that Analysts are expecting Macrogenics Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Macrogenics Inc.

    Earning Per Share (EPS) History


    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).