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ImmunoGen Inc. (IMGN) Is Down -5.85% in 2023 With Lots of Room to Run

ImmunoGen Inc. (NASDAQ: IMGN) is -5.85% lower on its value in year-to-date trading and has touched a low of $3.10 and a high of $6.63 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 IMGN stock was last observed hovering at around $4.66 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $11.00 for the next 12 months. It is also 78.77% off the consensus price target high of $22.00 offered by 12 analysts, but current levels are -16.75% lower than the price target low of $4.00 for the same period.

Currently trading at $4.67, the stock is 0.93% and -5.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 0.21% at the moment leaves the stock -6.21% off its SMA200. IMGN registered -11.05% loss for a year compared to 6-month loss of -5.85%.

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The stock witnessed a -0.85% gain in the last 1 month and extending the period to 3 months gives it a -23.94%, and is 3.78% 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 5.42% over the week and 7.14% over the month.

ImmunoGen Inc. (IMGN) has around 106 employees, a market worth around $984.48M and $95.60M in sales. Distance from 52-week low is 50.89% and -29.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.40%).

ImmunoGen Inc. (IMGN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for ImmunoGen Inc. (IMGN) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

ImmunoGen Inc. is expected to release its quarterly report on 05/05/2023.The EPS is expected to shrink by -168.30% this year.

ImmunoGen Inc. (IMGN) Top Institutional Holders

The shares outstanding are 253.51M, and float is at 219.84M with Short Float at 8.20%.

ImmunoGen Inc. (IMGN) Insider Activity

A total of 1 insider transactions have happened at ImmunoGen Inc. (IMGN) in the last six months, with sales accounting for 0 and purchases happening 1 times.

ImmunoGen Inc. (IMGN): Who are the competitors?

The company’s main competitors (and peers) include Eli Lilly and Company (LLY) that is trading 42.51% up over the past 12 months and Sanofi (SNY) that is -4.78% lower over the same period. Bristol-Myers Squibb Company (BMY) is 13.85% up on the 1-year trading charts.

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