The trading price of I-Mab ADR (NASDAQ:IMAB) closed lower on Friday, May 23, and closing at $0.99, -5.71% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.00 and a 52-week low of $0.60. Over the past month, the stock has gained 16.16% in value.
I-Mab ADR, whose market valuation is $77.99 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. Analysts have predicted the quarterly earnings per share to grow by -0.04 per share this quarter, however they have predicted annual earnings per share of -0.17 for current year and -0.26 for next year.
On the technical side, indicators suggest IMAB has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
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 IMAB a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged I-Mab ADR (IMAB) 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 IMAB’s price is currently 9.28% off the SMA20 and 16.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.39, and weekly volatility stands at 6.89%. When measured over the past 30 days, the indicator reaches 6.08%. I-Mab ADR (NASDAQ:IMAB)’s beta value is currently sitting at 1.06, while the Average True Range indicator is currently displaying 0.07.
To see how I-Mab ADR stock has been performing in comparison to its peers in the industry, here are the numbers: IMAB stock’s performance was -5.71% in the latest trading, and -43.75% in the past year.
An evaluation of the daily trading volume of I-Mab ADR (NASDAQ:IMAB) indicates that the 3-month average is 205.79K.
Currently, records show that 78.78 million of the company’s shares remain outstanding. The insiders hold 0.27% of outstanding shares, whereas institutions hold 11.87%. However, since the stock’s price has seen 16.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
