A share price of Immunovant Inc [IMVT] is currently trading at $30.51, up 4.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IMVT shares have gain 8.89% over the last week, with a monthly amount drifted -9.25%, and not 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.
Immunovant Inc experienced fluctuations in its stock price throughout the past year between $24.67 and $45.58. Currently, Wall Street analysts expect the stock to reach $42.83 within the next 12 months. Immunovant Inc [NASDAQ: IMVT] shares were valued at $30.51 at the most recent close of the market. An investor can expect a potential return of 40.38% based on the average IMVT price forecast.
Analyzing the IMVT fundamentals
Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -189.93%, Pretax Profit Margin comes in at -181.26%, and Net Profit Margin reading is -181.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.46, Equity is -0.52 and Total Capital is -0.52. 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 29.81 points at the first support level, and at 29.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.94, and for the 2nd resistance point, it is at 31.36.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Immunovant Inc [NASDAQ:IMVT] is 13.08. Also, the Quick Ratio is 13.08, while the Cash Ratio stands at 12.44.
Transactions by insiders
Recent insider trading involved Levine Mark S., Chief Legal Officer, that happened on Aug 21 ’24 when 3295.0 shares were sold. Chief Medical Officer, Macias William L. completed a deal on Aug 21 ’24 to sell 3027.0 shares. Meanwhile, Chief Financial Officer Barnett Eva Renee sold 3768.0 shares on Aug 21 ’24.
