Immunovant Inc. (IMVT) Volatility At 5.59%, Should You Add A Position?

212 institutions hold shares in Immunovant Inc. (IMVT), with 59.66M shares held by insiders accounting for 60.90% while institutional investors hold 106.40% of the company’s shares. The shares outstanding are 97.92M, and float is at 38.77M with Short Float at 11.78%. Institutions hold 41.61% 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 -66.14% lower on its value in year-to-date trading and has touched a low of $11.80 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 $16.85 in the last trading session, with the day’s loss setting it -1.21%.

Currently trading at $15.64, the stock is -4.16% and -25.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing -7.18% at the moment leaves the stock -53.79% off its SMA200. IMVT registered 10.14% gain for a year compared to 6-month loss of -56.99%. The firm has a 50-day simple moving average (SMA 50) of $16.18 and a 200-day simple moving average (SMA200) of $36.33.

The stock witnessed a 15.77% gain in the last 1 month and extending the period to 3 months gives it a -65.54%, and is 2.29% up 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 5.59% over the week and 6.98% over the month.

Distance from 52-week low is 32.54% and -70.90% 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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