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The closing price of Immunovant Inc (NASDAQ: IMVT) was $25.66 for the day, down -2.25% from the previous closing price of $26.25. In other words, the price has decreased by -$2.25 from its previous closing price. On the day, 1.24 million shares were traded. IMVT stock price reached its highest trading level at $26.505 during the session, while it also had its lowest trading level at $25.32.
Ratios:
Our analysis of IMVT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3766502912 and an Enterprise Value of 3380202752.
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 -10.41%, while the 200-Day Moving Average is calculated to be -11.89%.
Shares Statistics:
IMVT traded an average of 822.90K shares per day over the past three months and 896270 shares per day over the past ten days. A total of 146.57M shares are outstanding, with a floating share count of 62.38M. Insiders hold about 57.51% of the company’s shares, while institutions hold 53.54% stake in the company. Shares short for IMVT as of 1732838400 were 12665555 with a Short Ratio of 15.39, compared to 1730332800 on 13101374. Therefore, it implies a Short% of Shares Outstanding of 12665555 and a Short% of Float of 19.66.
