The stock of Immunovant Inc (IMVT) has gone down by -1.34% for the week, with a 6.57% rise in the past month and a 17.30% rise in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are 4.27% for IMVT. The simple moving average for the last 20 days is 3.24% for IMVT stock, with a simple moving average of -5.47% for the last 200 days.
Is It Worth Investing in Immunovant Inc (NASDAQ: IMVT) Right Now?
Moreover, the 36-month beta value for IMVT is 0.71. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 7 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for IMVT is 61.87M and currently, short sellers hold a 19.77% of that float. On August 30, 2024, IMVT’s average trading volume was 1.14M shares.
IMVT) stock’s latest price update
The stock price of Immunovant Inc (NASDAQ: IMVT) has plunged by -1.18 when compared to previous closing price of 31.35, but the company has seen a -1.34% decline in its stock price over the last five trading sessions. 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.
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 7.17% 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 -32.03% of loss for the given period.
Volatility was left at 4.27%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +7.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.29% upper at present.
During the last 5 trading sessions, IMVT fell by -1.34%, which changed the moving average for the period of 200-days by -5.06% in comparison to the 20-day moving average, which settled at $30.11. In addition, Immunovant Inc saw -26.47% 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 Levine Mark S., who sale 3,295 shares at the price of $31.86 back on Aug 21 ’24. After this action, Levine Mark S. now owns 330,099 shares of Immunovant Inc, valued at $104,976 using the latest closing price.
Macias William L., the Chief Medical Officer of Immunovant Inc, sale 3,027 shares at $31.86 during a trade that took place back on Aug 21 ’24, which means that Macias William L. is holding 368,332 shares at $96,437 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 2649.68. 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
To wrap up, the performance of Immunovant Inc (IMVT) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
