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How to Buy Macrogenics Stock

Macrogenics Inc

MacroGenics, Inc. , a biopharmaceutical company, develops and commercializes antibody-based therapeutics to treat cancer in the United States.

Macrogenics stock last closed at $16.07, down 0.19% from the previous day, and has increased 138.07% in one year. It has overperformed other stocks in the Biotechnology industry by 1.65 percentage points. Macrogenics stock is currently +274.59% from its 52-week low of $4.29, and -26.55% from its 52-week high of $21.88.

As of Apr 18, 2024, there are 62.43M shares of MGNX outstanding. The market cap of MGNX is $1.00B. In the last 24 hours, 585,939 MGNX shares were traded.

How to Buy Macrogenics Stock

Wondering how to invest in Macrogenics stock? Here's how.
  1. Figure out where to buy Macrogenics stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Macrogenics stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your investment account: Choose your payment method and add your details.
  4. Evaluate Macrogenics stock: The Macrogenics ticker symbol is MGNX. Is Macrogenics stock a good investment? Should you buy shares of MGNX? How do MGNX's underlying business fundamentals look? Do top analysts think Macrogenics is a good buy? Why has MGNX's stock price moved recently? (Hint: Our stock market research tools can help you figure out if MGNX is a good stock to buy).
  5. Execute your MGNX trade: Decide if you will purchase MGNX shares at the current market price or use a limit order to buy MGNX shares at a specific price.
  6. Keep an eye on your MGNX investment: Create a watchlist to monitor your new investment in Macrogenics stock.

Step 1: Figure out where to buy Macrogenics stock

You will need a brokerage account in order to access the NASDAQ market and buy MGNX shares.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen the best brokerage, you need to fill out some personal info so you can buy MGNX today.

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Step 3: Put funds into your investment account

Now that you've filled out your info on apps for stock market, your next step is to transfer the money for your investment:

Check out this video walkthrough to see the process of depositing money into your brokerage account.

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Step 4: Evaluate Macrogenics stock

After you have selected the best place to buy Macrogenics stock, it's very important to research their stock prior to investing, so you truly comprehend the risk as well as the opportunity.

Overview of key MGNX info

MGNX Price
$16.07
1w %
-13.18%
1y %
138.07%
5y %
-0.86%
P/E
-107.13x
P/B
6.57x
P/S
16.93x
PEG
N/A
Revenue
$58.75M
Earnings
-$9.06M
Fore. Rev. Growth
55.32%
Fore. Earn. Growth
N/A
Market Cap
$1.00B
Next Earnings
May 7, 2024
Next Dividend
N/A

MGNX Overview

WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis.

You can see all of the due diligence checks on MGNX's stock page.

How is MGNX stock valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MGNX's true value.

Using relative valuations methods:

  • MGNX could be overvalued based on its P/B ratio of 6.57x, relative to Biotechnology industry P/B ratio of 5.76x

You can access additional valuation analysis on MGNX's stock here.

MGNX Financial Health Overview

Positive Health Checks:

  • MGNX has cash burn of 79905000. It has sufficient cash and short-term investments to cover this for at least one year.
  • MGNX profit margin has gone up from -78.8% to -15.4% in the past year.
  • MGNX has $229.81M in cash and short term investments. This is enough to cover its annual cash burn of $79.91M.
  • There are more short-term assets than short-term liabilities on the MGNX balance sheet.
  • There are more short-term assets than long-term liabilities on the MGNX balance sheet.

Negative Health Checks:

  • MGNX has a relatively high debt to equity ratio of 0.96.
  • Total MGNX debt is higher than 5 years ago, relative to shareholder equity.

Do analysts think it's a good time to buy Macrogenics stock

Out of 9 Equities analysts who research MGNX, the consensus analyst rating on Macrogenics is a Strong Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Most Recent MGNX Analyst Upgrades/Downgrades

Peter Lawson, a top 21% analyst from Barclays maintains MGNX with a strong buy rating and raises their MGNX price target from $23.00 to $25.00, on Mar 8, 2024.

Barclays's Peter Lawson raised their price target on Macrogenics (NASDAQ: MGNX) by 8.7% from $23 to $25 on 2024/03/08. The analyst maintained their Strong Buy rating on the stock.

Lawson's price target increase followed a review of Macrogenics Q4 and FY 2023 earnings, reported on 2024/03/07.

The company's cash runway was reiterated into 2026, the analyst told readers.

Kaveri Pohlman, a bottom 14% analyst from BTIG maintains MGNX with a strong buy rating and raises their MGNX price target from $12.00 to $24.00, on Mar 4, 2024.

Jonathan Block, a top 44% analyst from Stifel Nicolaus reiterates MGNX with a strong buy rating and maintains their MGNX price target from $17.00 to $17.00, on Nov 27, 2023.

Charles Zhu, a top 19% analyst from Guggenheim upgrades MGNX to a strong buy rating and announces their MGNX price target of $12.00, on Nov 7, 2023.

You can dive deeper into what analysts are projecting on the Macrogenics stock forecast page.

Metrics for Advanced MGNX Traders

SMA10
17.48
SMA20
16.09
SMA50
17
SMA100
13.78
SMA200
9.5
MACD
0.16
MACD Signal
0.18
MACD Histogram
-0.02
RSI
46.77
Stochastic %K
51.53
Stochastic %D
56.79
StochRSI %K
51.03
StochRSI %D
58.26

MGNX Performance Numbers

Last year, MGNX revenue was $58.75M. In the last 5 year, MGNX's revenue has gone up by -0.46% per year. This was slower than the Biotechnology industry average of 28.98%.

Find out more about MGNX's earnings and revenue performance here.

What are MGNX insiders up to?

Over the past 12 months, executives and large shareholders at MGNX have bought more shares than they have sold.

Jeffrey Stuart Peters, Senior VP and General Counsel of MGNX, was the latest MGNX insider to sell. They sold $57,666.30 worth of MGNX stock on Apr 4, 2024.

Learn more about who owns MGNX stock here.

Can I get consistent income from MGNX stock?

No, Macrogenics doesn't provide an income stream by paying out dividends.

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Step 5: Execute your MGNX trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular dollar amount limit, place a limit order.

Click the Open button and your broker will place the order.

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Step 6: Keep an eye on your MGNX investment

Now that you own some MGNX stock, you'll want to keep up with your new investment.

Put MGNX on a watchlist to get notified of important updates regarding your MGNX stock.

MGNX Feed

How to Buy Stock in Macrogenics

To reiterate, here are the 6 steps to buy stock in Macrogenics:

  1. Figure out where to buy Macrogenics stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Evaluate Macrogenics stock
  5. Execute your MGNX trade
  6. Keep an eye on your MGNX investment

If you need a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Macrogenics, get started below.

NASDAQ: MGNX
$16.07-0.03 (-0.19%)
Updated Apr 18, 2024
Open eToro Account
NASDAQ: MGNX
$16.07-0.03 (-0.19%)
Updated Apr 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Macrogenics share?

As of Apr 18, 2024, it costs $16.07 to buy one share of Macrogenics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $8, you can buy 0.498 shares of MGNX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Macrogenics stock?

According to 9 Wall Street analysts who monitor Macrogenics, their consensus recommendation is to buy Macrogenics stock.

What is the best way to buy Macrogenics stock?

One way to place an order for Macrogenics stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.