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Things To Consider If You’re Thinking Of Investing In Immatics N.V. (NASDAQ: IMTX)

Immatics N.V. (NASDAQ:IMTX) shares, rose in value on Friday, 06/24/22, with the stock price up by 5.15% to the previous day’s close as strong demand from buyers drove the stock to $8.57.

Actively observing the price movement in the last trading, the stock closed the session at $8.15, falling within a range of $7.77 and $8.579. The value of beta (5-year monthly) was 0.44 whereas the PE ratio was 35.27 over 12-month period. Referring to stock’s 52-week performance, its high was $16.30, and the low was $5.75. On the whole, IMTX has fluctuated by 23.31% over the past month.

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With the market capitalization of Immatics N.V. currently standing at about $546.17 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 28, 2022 – Apr 01, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.84, which is expected to increase to -$0.34 for fiscal year $0 and then to about -$1.76 by fiscal year 2023.

Analysts have estimated the company’s revenue for the quarter at $150.45 million, with a low estimate of $133.39 million and a high estimate of $157.89 million. According to the average forecast, sales growth in current quarter could jump up 1,620.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $150.27 million, representing an increase of 311.20% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that IMTX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.44, with the price of IMTX currently trading nearly 8.76% and 11.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.33, while the 7-day volatility ratio is showing 6.65% which for the 30-day chart, stands at 7.32%. Furthermore, Immatics N.V. (IMTX)’s beta value is 0.28, and its average true range (ATR) is 0.55. The company’s stock has been forecasted to trade at an average price of $21.44 over the course of the next 52 weeks, with a low of $13.06 and a high of $28.49. Based on these price targets, the low is -52.39% off current price, whereas the price has to move -232.44% to reach the yearly target high. Additionally, analysts’ median price of $21.46 is likely to be welcomed by investors because it represents a decrease of -150.41% from the current levels.

Data on historical trading for Immatics N.V. (NASDAQ:IMTX) indicates that the trading volumes over the past 10 days have averaged 0.2 million and over the past 3 months, they’ve averaged 179.12K. According to company’s latest data on outstanding shares, there are 62.93 million shares outstanding.

Nearly 36.24% of Immatics N.V.’s shares belong to company insiders and institutional investors own 34.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.96 million shares as on Apr 28, 2022, resulting in a short ratio of 15.09. According to the data, the short interest in Immatics N.V. (IMTX) stood at 4.70% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 2.82 million. The stock has fallen by -36.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IMTX stock heading into the next quarter.

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