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After finishing at $31.72 in the prior trading day, Immunovant Inc (NASDAQ: IMVT) closed at $31.35, down -1.17%. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 0.62 million shares were traded. IMVT stock price reached its highest trading level at $31.83 during the session, while it also had its lowest trading level at $31.065.
Ratios:
Our goal is to gain a better understanding of IMVT by taking a closer look at its different ratios. 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.
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, Oppenheimer on March 28, 2024, initiated with a Outperform rating and assigned the stock a target price of $50.
On March 13, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $50.
On February 20, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $51.JP Morgan initiated its Overweight rating on February 20, 2024, with a $51 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 21 ’24 when Levine Mark S. sold 3,295 shares for $31.86 per share. The transaction valued at 104,976 led to the insider holds 330,099 shares of the business.
Macias William L. sold 3,027 shares of IMVT for $96,437 on Aug 21 ’24. The Chief Medical Officer now owns 368,332 shares after completing the transaction at $31.86 per share. On Aug 21 ’24, another insider, Barnett Eva Renee, who serves as the Chief Financial Officer of the company, sold 3,768 shares for $31.86 each. As a result, the insider received 120,045 and left with 343,776 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 4642778624 and an Enterprise Value of 4028681216.
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 $19.50. The 50-Day Moving Average of the stock is 8.79%, while the 200-Day Moving Average is calculated to be -4.34%.
Shares Statistics:
The stock has traded on average 1.14M shares per day over the past 3-months and 758810 shares per day over the last 10 days, according to various share statistics. A total of 145.58M shares are outstanding, with a floating share count of 61.87M. Insiders hold about 57.73% of the company’s shares, while institutions hold 50.57% stake in the company. Shares short for IMVT as of 1723680000 were 12231170 with a Short Ratio of 10.69, compared to 1721001600 on 10179831. Therefore, it implies a Short% of Shares Outstanding of 12231170 and a Short% of Float of 19.11.
