At the time of writing, Immunovant Inc [IMVT] stock is trading at $27.85, up 4.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The IMVT shares have lost -3.33% over the last week, with a monthly amount glided 0.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Immunovant Inc [NASDAQ: IMVT] stock has seen the most recent analyst activity on March 28, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $50. Previously, Goldman started tracking the stock with Buy rating on March 13, 2024, and set its price target to $50. On February 20, 2024, JP Morgan initiated with a Overweight rating and assigned a price target of $51 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $55 on February 15, 2024. Deutsche Bank initiated its recommendation with a Buy and recommended $50 as its price target on December 12, 2023. UBS upgraded its rating to Buy for this stock on October 13, 2023, and upped its price target to $55. In a note dated September 26, 2023, Raymond James upgraded an Outperform rating on this stock but restated the target price of $40.
For the past year, the stock price of Immunovant Inc fluctuated between $18.82 and $45.58. Currently, Wall Street analysts expect the stock to reach $41.2 within the next 12 months. Immunovant Inc [NASDAQ: IMVT] shares were valued at $27.85 at the most recent close of the market. An investor can expect a potential return of 47.94% based on the average IMVT price forecast.
Analyzing the IMVT fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is -0.56 and Total Capital is -0.43. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.75 points at the first support level, and at 25.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.50, and for the 2nd resistance point, it is at 29.14.
Ratios To Look Out For
It is important to note that Immunovant Inc [NASDAQ:IMVT] has a current ratio of 13.70. On the other hand, the Quick Ratio is 13.70, and the Cash Ratio is 13.07.
Transactions by insiders
Recent insider trading involved Levine Mark S., Chief Legal Officer, that happened on Jul 24 ’24 when 4015.0 shares were sold. Chief Medical Officer, Geffner Michael completed a deal on Jul 24 ’24 to sell 3456.0 shares. Meanwhile, Chief Technology Officer Stout Jay S sold 2813.0 shares on Jul 24 ’24.
