Immatics N.V (NASDAQ:IMTX) price on Thursday, January 16, fall -7.13% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.34.
A look at the stock’s price movement, the close in the last trading session was $5.75, moving within a range at $5.29 and $5.78. The beta value (5-Year monthly) was 0.776. Turning to its 52-week performance, $13.77 and $5.73 were the 52-week high and 52-week low respectively. Overall, IMTX moved -25.94% over the past month.
Immatics N.V’s market cap currently stands at around $637.36 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 16.16M for the company’s revenue for the quarter, with a low and high estimate of 12.3M and 21.46M respectively. The average forecast suggests down to a -6.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 121.27M, representing a 106.86% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IMTX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
IMTX’s current price about -21.26% and -29.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 20.94, while 7-day volatility ratio is 9.02% and 5.99% in the 30-day chart. Further, Immatics N.V (IMTX) has a beta value of 0.77, and an average true range (ATR) of 0.41. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $16 and high of $28. Looking at the price targets, the low is -199.63% off current price level while to achieve the yearly target high, price needs to move -424.34%. Nonetheless, investors will most likely welcome a -311.99% jump to $22 which is the analysts’ median price.
If we refocus on Immatics N.V (NASDAQ:IMTX), historical trading data shows that trading volumes averaged 0.91 over the past 10 days and 669.37K over the past 3 months. The company’s latest data on shares outstanding shows there are 103.11 million shares.
The 25.46% of Immatics N.V’s shares are in the hands of company insiders while institutional holders own 61.69% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.69 million on 2024-10-31, giving us a short ratio of 8.76. The data shows that as of 2024-10-31 short interest in Immatics N.V (IMTX) stood at 684.0 of shares outstanding, with shares short falling to 9.52 million registered in 2024-09-30. Current price change has pushed the stock -24.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IMTX stock continues to rise going into the next quarter.
