The trading price of Immunovant, Inc. (NASDAQ:IMVT) closed lower on Monday, Feb 22, closing at $18.09, -5.97% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $16.98 and $18.29. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $53.75 and a 52-week low of $8.34. Over the past month, the stock has suffered -59.12% in value.
Immunovant, Inc., whose market valuation is $1.75 Billion at the time of this writing, is expected to release its quarterly earnings report in Apr 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.33 per share this quarter, however they have predicted annual earnings per share of -$1.29 for 2021 and -$1.47 for 2022. It means analysts are expecting annual earnings per share growth of -0.16% this year and 0.14% next year.
On the technical side, indicators suggest IMVT has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
To see how Immunovant, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: IMVT stock’s performance was -5.97% in the latest trading, and +10.81% in the past year, while Bristol-Myers Squibb Company (BMY) has traded +0.64% on the day and positioned -7.07% lower than it was a year ago. Another comparable company Amgen Inc (AMGN) saw its stock close -0.09% lower in the most recent trading session but was up +3.9% in a year. Furthermore, Gilead Sciences Inc (GILD) showed a decline of -5.97% on the day while its price kept rising at 10.81% over the past year. Immunovant, Inc. has a P/E ratio of 0, compared to Bristol-Myers Squibb Company’s 0 and Amgen Inc’s 18.8. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of Immunovant, Inc. (NASDAQ:IMVT) indicates that the 3-month average is 1.04 Million. However, this figure has increased over the past 10 days to an average of 3.13 Million.
Currently, records show that 97.97 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 60.45% of outstanding shares, whereas institutions hold 40.74%. The stats also highlight that short interest as of January 28, 2021, stood at 2.51 Million shares, resulting in a short ratio of 6.55 at that time. From this, we can conclude that short interest is 2.57% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 2.75 Million. However, since the stock’s price has seen -63.17% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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