Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $2.49 in the prior trading day, I-Mab ADR (NASDAQ: IMAB) closed at $2.52, up 1.20%. In other words, the price has increased by $1.20 from its previous closing price. On the day, 0.51 million shares were traded.
Ratios:
Our goal is to gain a better understanding of IMAB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 22.35 and its Current Ratio is at 22.35. 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:
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 Jul 26 ’24 when KANNAN RAJ bought 50,000 shares for $1.39 per share.
Stock Price History:
Over the past 52 weeks, IMAB has reached a high of $3.08, while it has fallen to a 52-week low of $0.60. The 50-Day Moving Average of the stock is 110.38%, while the 200-Day Moving Average is calculated to be 133.88%.
Shares Statistics:
A total of 78.94M shares are outstanding, with a floating share count of 78.72M. Insiders hold about 0.27% of the company’s shares, while institutions hold 11.85% stake in the company.
