MacroGenics Inc (NASDAQ: MGNX) stock enjoyed a major increase of 11.5% on 7/16/24. The shares closed at $5.39. However, exceptionally low trading volume at 42% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 27.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MGNX is expected to continue to be a major Value Builder.
MacroGenics has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MacroGenics has a poor Power Rating of 16 and a very low Appreciation Score of 13, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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