The 36-month beta value for IMVT is also noteworthy at 0.71. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for IMVT is 61.85M, and at present, short sellers hold a 18.12% of that float. The average trading volume of IMVT on August 16, 2024 was 1.14M shares.
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IMVT) stock’s latest price update
Immunovant Inc (NASDAQ: IMVT) has experienced a rise in its stock price by 2.39 compared to its previous closing price of 30.16. However, the company has seen a gain of 9.82% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-06 that In the first half of 2024, our long book performed strong relative to the Russell 2000, driven by our high-conviction positions. We are pleased with our relative performance and believe the Russell 2000 remains a more appropriate benchmark for comparison. Top gainers include FTAI Aviation and FTAI Infrastructure, while top detractors include Latch and Industrial Short.
IMVT’s Market Performance
Immunovant Inc (IMVT) has seen a 9.82% rise in stock performance for the week, with a 3.00% gain in the past month and a -0.16% plunge in the past quarter. The volatility ratio for the week is 3.84%, and the volatility levels for the past 30 days are at 4.70% for IMVT. The simple moving average for the past 20 days is 8.47% for IMVT’s stock, with a -6.03% simple moving average for the past 200 days.
Analysts’ Opinion of IMVT
Many brokerage firms have already submitted their reports for IMVT stocks, with Oppenheimer repeating the rating for IMVT by listing it as a “Outperform.” The predicted price for IMVT in the upcoming period, according to Oppenheimer is $50 based on the research report published on March 28, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see IMVT reach a price target of $50. The rating they have provided for IMVT stocks is “Buy” according to the report published on March 13th, 2024.
JP Morgan gave a rating of “Overweight” to IMVT, setting the target price at $51 in the report published on February 20th of the current year.
IMVT Trading at 11.29% from the 50-Day Moving Average
After a stumble in the market that brought IMVT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.25% of loss for the given period.
Volatility was left at 4.70%, however, over the last 30 days, the volatility rate increased by 3.84%, as shares surge +8.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.39% upper at present.
During the last 5 trading sessions, IMVT rose by +9.82%, which changed the moving average for the period of 200-days by -7.60% in comparison to the 20-day moving average, which settled at $28.59. In addition, Immunovant Inc saw -26.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IMVT starting from Stout Jay S, who sale 2,813 shares at the price of $27.76 back on Jul 24 ’24. After this action, Stout Jay S now owns 144,926 shares of Immunovant Inc, valued at $78,089 using the latest closing price.
Geffner Michael, the Chief Medical Officer of Immunovant Inc, sale 3,456 shares at $27.76 during a trade that took place back on Jul 24 ’24, which means that Geffner Michael is holding 138,160 shares at $95,939 based on the most recent closing price.
Stock Fundamentals for IMVT
Current profitability levels for the company are sitting at:
- -189.93 for the present operating margin
- 0.63 for the gross margin
The net margin for Immunovant Inc stands at -181.7. The total capital return value is set at -0.52. Equity return is now at value -64.54, with -57.93 for asset returns.
Based on Immunovant Inc (IMVT), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -3522.55.
Currently, EBITDA for the company is -269.98 million with net debt to EBITDA at 1.94. When we switch over and look at the enterprise to sales, we see a ratio of 2639.92. The receivables turnover for the company is 0.62for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.08.
Conclusion
In summary, Immunovant Inc (IMVT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
