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Immunovant Inc (NASDAQ: IMVT) closed the day trading at $27.99 down -0.04% from the previous closing price of $28.00. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 1.66 million shares were traded. IMVT stock price reached its highest trading level at $28.34 during the session, while it also had its lowest trading level at $26.5.
Ratios:
For a better understanding of IMVT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.70 and its Current Ratio is at 13.70. 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 Jul 17 ’24 when Salzmann Peter sold 8,685 shares for $29.69 per share. The transaction valued at 257,887 led to the insider holds 1,023,412 shares of the business.
Barnett Eva Renee sold 3,123 shares of IMVT for $92,733 on Jul 17 ’24. The Chief Financial Officer now owns 347,544 shares after completing the transaction at $29.69 per share. On Jul 17 ’24, another insider, Macias William L., who serves as the Chief Medical Officer of the company, sold 3,044 shares for $29.69 each. As a result, the insider received 90,386 and left with 371,359 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 4093033728 and an Enterprise Value of 3452822784.
Stock Price History:
The Beta on a monthly basis for IMVT is 0.71, which has changed by 0.30186045 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, IMVT has reached a high of $45.58, while it has fallen to a 52-week low of $18.82. The 50-Day Moving Average of the stock is 0.11%, while the 200-Day Moving Average is calculated to be -16.43%.
Shares Statistics:
Over the past 3-months, IMVT traded about 1.15M shares per day on average, while over the past 10 days, IMVT traded about 1176380 shares per day. A total of 145.58M shares are outstanding, with a floating share count of 61.87M. Insiders hold about 57.68% of the company’s shares, while institutions hold 47.33% stake in the company. Shares short for IMVT as of 1719532800 were 10020882 with a Short Ratio of 8.71, compared to 1717113600 on 9205378. Therefore, it implies a Short% of Shares Outstanding of 10020882 and a Short% of Float of 15.709999999999999.
