In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of I-Mab ADR (NASDAQ: IMAB) was $1.08 for the day, up 1.89% from the previous closing price of $1.06. In other words, the price has increased by $1.89 from its previous closing price. On the day, 0.57 million shares were traded. IMAB stock price reached its highest trading level at $1.13 during the session, while it also had its lowest trading level at $1.075.
Ratios:
Our analysis of IMAB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 16.50 and its Current Ratio is at 16.50. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Siebert Williams Shank on December 09, 2021, initiated with a Buy rating and assigned the stock a target price of $96.
On March 15, 2021, Needham started tracking the stock assigning a Buy rating and target price of $75.Needham initiated its Buy rating on March 15, 2021, with a $75 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 26 ’24 when KANNAN RAJ bought 50,000 shares for $1.39 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IMAB now has a Market Capitalization of 88021192 and an Enterprise Value of -3116252. For the stock, the TTM Price-to-Sale (P/S) ratio is 75.62 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at -0.892 whereas that against EBITDA is 0.018.
Stock Price History:
The Beta on a monthly basis for IMAB is 1.09, which has changed by -0.45454544 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, IMAB has reached a high of $2.08, while it has fallen to a 52-week low of $0.84. The 50-Day Moving Average of the stock is 7.87%, while the 200-Day Moving Average is calculated to be -19.61%.
Shares Statistics:
IMAB traded an average of 450.20K shares per day over the past three months and 295350 shares per day over the past ten days. A total of 77.02M shares are outstanding, with a floating share count of 76.81M. Insiders hold about 0.27% of the company’s shares, while institutions hold 19.25% stake in the company. Shares short for IMAB as of 1730332800 were 591163 with a Short Ratio of 2.01, compared to 1727654400 on 533100. Therefore, it implies a Short% of Shares Outstanding of 591163 and a Short% of Float of 2.02.
