On 4/4/24, MacroGenics Inc (NASDAQ: MGNX) stock enjoyed a major increase of 30.1%, closing at $17.78. Moreover, this advance was accompanied by exceptionally high trading volume at 405% of normal. The stock has risen 25.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MGNX is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
MacroGenics has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MacroGenics has a very low Appreciation Score of 4 but a very high Power Rating of 91, leading to the Low Neutral Value Trend Rating.
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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