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The price of Immunovant Inc (NASDAQ: IMVT) closed at $29.44 in the last session, down -3.16% from day before closing price of $30.40. In other words, the price has decreased by -$3.16 from its previous closing price. On the day, 0.54 million shares were traded. IMVT stock price reached its highest trading level at $30.5 during the session, while it also had its lowest trading level at $29.37.
Ratios:
We take a closer look at IMVT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 13.08 and its Current Ratio is at 13.08. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On October 09, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $47 to $53.
On March 28, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $50.Oppenheimer initiated its Outperform rating on March 28, 2024, with a $50 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 09 ’24 when Barnett Eva Renee sold 5,162 shares for $29.56 per share. The transaction valued at 152,589 led to the insider holds 338,614 shares of the business.
Salzmann Peter sold 4,460 shares of IMVT for $131,838 on Oct 09 ’24. The Chief Executive Officer now owns 1,003,884 shares after completing the transaction at $29.56 per share. On Aug 21 ’24, another insider, Levine Mark S., who serves as the Chief Legal Officer of the company, sold 3,295 shares for $31.86 each. As a result, the insider received 104,976 and left with 330,099 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IMVT now has a Market Capitalization of 4449561600 and an Enterprise Value of 3749119488.
Stock Price History:
Over the past 52 weeks, IMVT has reached a high of $45.58, while it has fallen to a 52-week low of $24.67. The 50-Day Moving Average of the stock is -1.61%, while the 200-Day Moving Average is calculated to be -6.33%.
Shares Statistics:
According to the various share statistics, IMVT traded on average about 937.49K shares per day over the past 3-months and 619550 shares per day over the past 10 days. A total of 145.58M shares are outstanding, with a floating share count of 62.01M. Insiders hold about 57.63% of the company’s shares, while institutions hold 50.59% stake in the company. Shares short for IMVT as of 1727654400 were 12643600 with a Short Ratio of 13.49, compared to 1724976000 on 12393281. Therefore, it implies a Short% of Shares Outstanding of 12643600 and a Short% of Float of 19.759999999999998.
