Immunome Inc (IMNM) Shares Decline Despite Market Challenges

The stock price of Immunome Inc (NASDAQ: IMNM) has dropped by -3.50 compared to previous close of 12.30. Despite this, the company has seen a fall of -11.62% in its stock price over the last five trading days. businesswire.com reported 2024-10-08 that BOTHELL, Wash.–(BUSINESS WIRE)–Immunome, Inc. (the “Company”) (Nasdaq: IMNM), a biotechnology company focused on developing first-in-class and best-in-class targeted cancer therapies, announced today that on October 3, 2024, the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) granted inducement awards consisting of nonstatutory stock options to purchase 851,400 shares of common stock to 25 new employees under the Company’s 2024 Inducement Plan. The Co.

Is It Worth Investing in Immunome Inc (NASDAQ: IMNM) Right Now?

The 36-month beta value for IMNM is at 1.79. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for IMNM is 48.99M, and currently, shorts hold a 26.29% of that float. The average trading volume for IMNM on October 11, 2024 was 649.14K shares.

IMNM’s Market Performance

IMNM’s stock has seen a -11.62% decrease for the week, with a -17.91% drop in the past month and a -12.01% fall in the past quarter. The volatility ratio for the week is 6.76%, and the volatility levels for the past 30 days are at 6.40% for Immunome Inc. The simple moving average for the past 20 days is -15.90% for IMNM’s stock, with a -27.57% simple moving average for the past 200 days.

Analysts’ Opinion of IMNM

Many brokerage firms have already submitted their reports for IMNM stocks, with Piper Sandler repeating the rating for IMNM by listing it as a “Overweight.” The predicted price for IMNM in the upcoming period, according to Piper Sandler is $27 based on the research report published on May 31, 2024 of the current year 2024.

JP Morgan, on the other hand, stated in their research note that they expect to see IMNM reach a price target of $24. The rating they have provided for IMNM stocks is “Overweight” according to the report published on April 30th, 2024.

Guggenheim gave a rating of “Buy” to IMNM, setting the target price at $35 in the report published on April 15th of the current year.

IMNM Trading at -16.23% from the 50-Day Moving Average

After a stumble in the market that brought IMNM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.66% of loss for the given period.

Volatility was left at 6.40%, however, over the last 30 days, the volatility rate increased by 6.76%, as shares sank -19.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.97% lower at present.

During the last 5 trading sessions, IMNM fell by -11.62%, which changed the moving average for the period of 200-days by +26.41% in comparison to the 20-day moving average, which settled at $14.11. In addition, Immunome Inc saw 10.93% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at IMNM starting from Rosett Max, who sale 14,380 shares at the price of $16.01 back on Sep 19 ’24. After this action, Rosett Max now owns 47,476 shares of Immunome Inc, valued at $230,224 using the latest closing price.

Rosett Max, the Officer of Immunome Inc, proposed sale 14,380 shares at $16.01 during a trade that took place back on Sep 19 ’24, which means that Rosett Max is holding shares at $230,211 based on the most recent closing price.

Stock Fundamentals for IMNM

Current profitability levels for the company are sitting at:

  • -25.18 for the present operating margin
  • 0.87 for the gross margin

The net margin for Immunome Inc stands at -24.35. The total capital return value is set at -1.06. Equity return is now at value -199.56, with -155.54 for asset returns.

Based on Immunome Inc (IMNM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -21.88. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -1351.21.

Currently, EBITDA for the company is -108.8 million with net debt to EBITDA at 0.6. When we switch over and look at the enterprise to sales, we see a ratio of 51.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.12.

Conclusion

In conclusion, Immunome Inc (IMNM) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.

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