Market Watch: I-Mab ADR (IMAB)’s Noteworthy Drop, Closing at 1.09

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As of close of business last night, I-Mab ADR’s stock clocked out at $1.09, down -3.54% from its previous closing price of $1.13. In other words, the price has decreased by -$3.54 from its previous closing price. On the day, 0.59 million shares were traded. IMAB stock price reached its highest trading level at $1.12 during the session, while it also had its lowest trading level at $1.04.

Ratios:

To gain a deeper understanding of IMAB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 16.50 and its Current Ratio is at 16.50. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 26 ’24 when KANNAN RAJ bought 50,000 shares for $1.39 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IMAB now has a Market Capitalization of 84558608 and an Enterprise Value of 629742. For the stock, the TTM Price-to-Sale (P/S) ratio is 76.32 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 0.18 whereas that against EBITDA is -0.004.

Stock Price History:

Over the past 52 weeks, IMAB has reached a high of $2.54, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -8.88%, while the 200-Day Moving Average is calculated to be -29.65%.

Shares Statistics:

It appears that IMAB traded 358.34K shares on average per day over the past three months and 468800 shares per day over the past ten days. A total of 77.02M shares are outstanding, with a floating share count of 76.81M. Insiders hold about 0.27% of the company’s shares, while institutions hold 19.47% stake in the company. Shares short for IMAB as of 1728950400 were 491580 with a Short Ratio of 1.37, compared to 1726185600 on 605679. Therefore, it implies a Short% of Shares Outstanding of 491580 and a Short% of Float of 1.68.

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