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After finishing at $14.37 in the prior trading day, IGM Biosciences Inc (NASDAQ: IGMS) closed at $13.03, down -9.32%. In other words, the price has decreased by -$9.32 from its previous closing price. On the day, 0.55 million shares were traded. IGMS stock price reached its highest trading level at $14.4503 during the session, while it also had its lowest trading level at $12.555.
Ratios:
Our goal is to gain a better understanding of IGMS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.22 and its Current Ratio is at 5.22. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.50.
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 the company, Truist on October 01, 2024, Downgraded its rating to Hold and sets its target price to $12 from $24 previously.
On October 01, 2024, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $12 to $9.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on February 09, 2024, whereas the target price for the stock was revised from $9 to $21.
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 Sep 13 ’24 when Weber Steven sold 469 shares for $11.54 per share. The transaction valued at 5,412 led to the insider holds 25,543 shares of the business.
Takimoto Chris H sold 1,487 shares of IGMS for $17,158 on Sep 13 ’24. The CHIEF MEDICAL OFFICER now owns 154,331 shares after completing the transaction at $11.54 per share. On Sep 13 ’24, another insider, Tahir Misbah, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 1,487 shares for $11.54 each. As a result, the insider received 17,158 and left with 122,694 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, IGMS now has a Market Capitalization of 772922624 and an Enterprise Value of 635401280. For the stock, the TTM Price-to-Sale (P/S) ratio is 240.02 while its Price-to-Book (P/B) ratio in mrq is 9.81. Its current Enterprise Value per Revenue stands at 218.276 whereas that against EBITDA is -2.807.
Stock Price History:
Over the past 52 weeks, IGMS has reached a high of $22.50, while it has fallen to a 52-week low of $4.12. The 50-Day Moving Average of the stock is -11.93%, while the 200-Day Moving Average is calculated to be 17.40%.
Shares Statistics:
The stock has traded on average 278.43K shares per day over the past 3-months and 203230 shares per day over the last 10 days, according to various share statistics. A total of 33.18M shares are outstanding, with a floating share count of 20.69M. Insiders hold about 65.11% of the company’s shares, while institutions hold 37.38% stake in the company. Shares short for IGMS as of 1728950400 were 3684728 with a Short Ratio of 13.23, compared to 1726185600 on 5281262. Therefore, it implies a Short% of Shares Outstanding of 3684728 and a Short% of Float of 24.46.
