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As of close of business last night, Immunovant Inc’s stock clocked out at $29.07, up 0.90% from its previous closing price of $28.81. In other words, the price has increased by $0.90 from its previous closing price. On the day, 0.55 million shares were traded. IMVT stock price reached its highest trading level at $29.74 during the session, while it also had its lowest trading level at $28.53.
Ratios:
To gain a deeper understanding of IMVT’s stock, we examine 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:
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 24 ’24 when Levine Mark S. sold 4,015 shares for $27.76 per share. The transaction valued at 111,456 led to the insider holds 333,394 shares of the business.
Geffner Michael sold 3,456 shares of IMVT for $95,939 on Jul 24 ’24. The Chief Medical Officer now owns 138,160 shares after completing the transaction at $27.76 per share. On Jul 24 ’24, another insider, Stout Jay S, who serves as the Chief Technology Officer of the company, sold 2,813 shares for $27.76 each. As a result, the insider received 78,089 and left with 144,926 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 4287766784 and an Enterprise Value of 3572587008.
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 $18.82. The 50-Day Moving Average of the stock is 4.81%, while the 200-Day Moving Average is calculated to be -12.59%.
Shares Statistics:
It appears that IMVT traded 1.15M shares on average per day over the past three months and 1062320 shares per day over the past ten days. A total of 145.58M shares are outstanding, with a floating share count of 61.78M. Insiders hold about 57.74% of the company’s shares, while institutions hold 47.38% stake in the company. Shares short for IMVT as of 1721001600 were 10179831 with a Short Ratio of 8.88, compared to 1718323200 on 10134346. Therefore, it implies a Short% of Shares Outstanding of 10179831 and a Short% of Float of 15.950000000000001.
