Immunovant Inc. (IMVT) – Don’t Believe the Hype: Check The Facts

164 institutions hold shares in Immunovant Inc. (IMVT), with 59.23M shares held by insiders accounting for 60.45% while institutional investors hold 103.00% of the company’s shares. The shares outstanding are 97.92M, and float is at 38.77M with Short Float at 8.73%. Institutions hold 40.74% of the Float.


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The top institutional shareholder in the company is RTW Investments LP with over 7.59 million shares valued at $350.69 million. The investor’s holdings represent 7.75% of the IMVT Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 4.8 million shares valued at $221.69 million to account for 4.90% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 3.88 million shares representing 3.96% and valued at over $179.15 million, while State Street Corporation holds 1.91% of the shares totaling 1.87 million with a market value of $86.33 million.

Immunovant Inc. (NASDAQ: IMVT) is -67.85% lower on its value in year-to-date trading and has touched a low of $8.34 and a high of $53.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IMVT stock was last observed hovering at around $15.78 in the last trading session, with the day’s loss setting it -0.93%.

Currently trading at $14.85, the stock is -34.88% and -59.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.07 million and changing -5.89% at the moment leaves the stock -57.31% off its SMA200. IMVT registered -5.59% loss for a year compared to 6-month gain of -55.50%. The firm has a 50-day simple moving average (SMA 50) of $30.67 and a 200-day simple moving average (SMA200) of $39.67.

The stock witnessed a -62.14% loss in the last 1 month and extending the period to 3 months gives it a -69.63%, and is -12.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.29% over the week and 11.56% over the month.

Distance from 52-week low is 78.06% and -72.37% from its 52-week high.

Immunovant Inc. (IMVT) Analyst Forecasts

Immunovant Inc. quarterly earnings per share for the current quarter are estimated at -$0.33.The EPS is expected to grow by 16.20% this year.

Immunovant Inc. (IMVT) Insider Activity

The most recent transaction is an insider purchase by Butchko Julia G., the company’s Chief Dev. & Tech. Officer. SEC filings show that Butchko Julia G. bought 5,000 shares of the company’s common stock on Sep 11 at a price of $38.17 per share for a total of $0.19 million. Following the purchase, the insider now owns 5000.0 shares.

Immunovant Inc. disclosed in a document filed with the SEC on Sep 04 that Roivant Sciences Ltd. (10% Owner) bought a total of 380,000 shares of the company’s common stock. The trade occurred on Sep 04 and was made at $33.00 per share for $12.54 million. Following the transaction, the insider now directly holds 47.59 million shares of the IMVT stock.

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