MacroGenics Inc (NASDAQ: MGNX) stock enjoyed a major increase of 11.6% on 1/19/24. The shares closed at $12.00. Moreover, exceptionally high trading volume at 239% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MGNX is expected to continue to be Value Creation neutral.
MacroGenics has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. MacroGenics has a very low Appreciation Score of 4 but a very high Power Rating of 94, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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