Here's Why MacroGenics (NASDAQ:MGNX) Must Use Its Cash Wisely [Yahoo! Finance]
MacroGenics, Inc. (MGNX)
Last macrogenics, inc. earnings: 11/6 04:01 pm
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US:NASDAQ Investor Relations:
ir.macrogenics.com
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Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether MacroGenics NASDAQ:MGNX ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. When Might MacroGenics Run Out Of Money? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at June 2024, MacroGenics had cash of US$140m and no debt. Importantly, its cash burn was US$157m over the trailing twelve months. Therefore, from June 2024 it had roughly 11 months of cash runway. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. Depicted below, you can see how its cash holdings have changed over time. Is MacroGenics' Revenue Growing? We're he
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MGNX
News
- MacroGenics, Inc. (NASDAQ: MGNX) was upgraded by analysts at StockNews.com from a "sell" rating to a "buy" rating.MarketBeat
- MacroGenics, Inc. (NASDAQ: MGNX) was downgraded by analysts at JMP Securities from an "outperform" rating to a "market perform" rating.MarketBeat
- MacroGenics Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- MacroGenics to Participate in Upcoming Investor ConferencesGlobeNewswire
- MacroGenics, Inc. (NASDAQ: MGNX) had its "neutral" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
MGNX
Earnings
- 11/5/24 - Beat
MGNX
Sec Filings
- 11/21/24 - Form 8-K
- 11/20/24 - Form SC
- 11/14/24 - Form SC
- MGNX's page on the SEC website