The trading price of Imunon Inc (NASDAQ:IMNN) closed higher on Tuesday, May 27, and closing at $2.27, 95.69% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.65 and a 52-week low of $0.37. Over the past month, the stock has gained 158.67% in value.
Imunon Inc, whose market valuation is $39.82 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest IMNN has a 50% 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 25% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned IMNN a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Imunon Inc (IMNN) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that IMNN’s price is currently 184.39% off the SMA20 and 158.00% off the SMA50. The RSI metric on the 14-day chart is currently showing 84.61, and weekly volatility stands at 53.19%. When measured over the past 30 days, the indicator reaches 28.85%. Imunon Inc (NASDAQ:IMNN)’s beta value is currently sitting at 1.50, while the Average True Range indicator is currently displaying 0.26.
To see how Imunon Inc stock has been performing in comparison to its peers in the industry, here are the numbers: IMNN stock’s performance was 95.69% in the latest trading, and 59.86% in the past year.
An evaluation of the daily trading volume of Imunon Inc (NASDAQ:IMNN) indicates that the 3-month average is 6.95 million.
Currently, records show that 17.54 million of the company’s shares remain outstanding. The insiders hold 4.89% of outstanding shares, whereas institutions hold 9.08%. However, since the stock’s price has seen 138.95% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
