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In the latest session, Immunovant Inc (NASDAQ: IMVT) closed at $28.90 down -1.26% from its previous closing price of $29.27. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 0.67 million shares were traded. IMVT stock price reached its highest trading level at $30.25 during the session, while it also had its lowest trading level at $28.52.
Ratios:
For a deeper understanding of Immunovant Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 23 ’24 when Levine Mark S. sold 4,361 shares for $29.53 per share. The transaction valued at 128,780 led to the insider holds 322,878 shares of the business.
Geffner Michael sold 3,189 shares of IMVT for $94,171 on Oct 23 ’24. The Chief Medical Officer now owns 134,971 shares after completing the transaction at $29.53 per share. On Oct 23 ’24, another insider, Stout Jay S, who serves as the Chief Technology Officer of the company, sold 2,740 shares for $29.53 each. As a result, the insider received 80,912 and left with 142,186 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 4242086144 and an Enterprise Value of 3769181952.
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 $24.67. The 50-Day Moving Average of the stock is -2.72%, while the 200-Day Moving Average is calculated to be -4.38%.
Shares Statistics:
For the past three months, IMVT has traded an average of 847.83K shares per day and 718200 over the past ten days. A total of 145.58M shares are outstanding, with a floating share count of 62.23M. Insiders hold about 57.61% of the company’s shares, while institutions hold 49.96% stake in the company. Shares short for IMVT as of 1730332800 were 13101374 with a Short Ratio of 15.45, compared to 1727654400 on 12643600. Therefore, it implies a Short% of Shares Outstanding of 13101374 and a Short% of Float of 20.41.
