Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Immunovant Inc (NASDAQ: IMVT) closed at $28.40 in the last session, down -0.42% from day before closing price of $28.52. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 0.79 million shares were traded. IMVT stock price reached its highest trading level at $28.6214 during the session, while it also had its lowest trading level at $28.26.
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 7.61 and its Current Ratio is at 7.61. 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 Dec 02 ’24 when Pande Atul sold 7,750 shares for $28.54 per share. The transaction valued at 221,185 led to the insider holds 86,663 shares of the business.
Hughes Douglas J. sold 5,425 shares of IMVT for $154,830 on Dec 02 ’24. The Director now owns 119,585 shares after completing the transaction at $28.54 per share. On Dec 02 ’24, another insider, DOUGLAS J. HUGHES, who serves as the Officer of the company, bought 5,425 shares for $28.20 each.
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 4186301696 and an Enterprise Value of 3695789824.
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 $24.61. The 50-Day Moving Average of the stock is -1.88%, while the 200-Day Moving Average is calculated to be -3.86%.
Shares Statistics:
According to the various share statistics, IMVT traded on average about 895.59K shares per day over the past 3-months and 725120 shares per day over the past 10 days. A total of 146.57M shares are outstanding, with a floating share count of 62.14M. Insiders hold about 57.66% of the company’s shares, while institutions hold 53.54% stake in the company. Shares short for IMVT as of 1731628800 were 13015453 with a Short Ratio of 14.53, compared to 1728950400 on 12931734. Therefore, it implies a Short% of Shares Outstanding of 13015453 and a Short% of Float of 20.21.
