Immunovant Inc (NASDAQ: IMVT) is -22.81% lower on its value in year-to-date trading and has touched a low of $14.05 and a high of $45.58 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 $31.43 in the last trading session, with the day’s gains setting it 1.09%.
Currently trading at $32.52, the stock is -0.18% and -8.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing 3.47% at the moment leaves the stock 4.81% off its SMA200. IMVT registered 107.80% gain for a year compared to 6-month loss of -18.62%. The firm has a 200-day simple moving average (SMA200) of -$15.92.
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The stock witnessed a -15.22% gain in the last 1 month and extending the period to 3 months gives it a -26.41%, and is 3.01% 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 6.33% over the week and 5.54% over the month.
Immunovant Inc (IMVT) has around 164 employees, a market worth around $4.72B and $0.00M in sales. Distance from 52-week low is 131.46% and -28.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.84%).
Immunovant Inc quarterly earnings per share for the current quarter are estimated at -$0.43.The EPS is expected to shrink by -3.43% this year
300 institutions hold shares in Immunovant Inc (IMVT), with institutional investors hold 107.06% of the company’s shares. The shares outstanding are 130.33M, and float is at 61.10M with Short Float at 15.31%. Institutions hold 47.64% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 5.47 million shares valued at $103.74 million. The investor’s holdings represent 4.19% of the IMVT Shares outstanding. As of Jun 29, 2023, the second largest holder is Deep Track Capital, Lp with 5.42 million shares valued at $102.84 million to account for 4.15% of the shares outstanding. The other top investors are FMR, LLC which holds 5.25 million shares representing 4.02% and valued at over $99.67 million, while Blackrock Inc. holds 3.22% of the shares totaling 4.2 million with a market value of $79.7 million.
Immunovant Inc (IMVT) Insider Activity
The most recent transaction is an insider sale by Salzmann Peter, the company’s Chief Executive Officer. SEC filings show that Salzmann Peter sold 13,454 shares of the company’s common stock on Feb 22 ’24 at a price of $36.15 per share for a total of $0.49 million. Following the sale, the insider now owns 0.93 million shares.
Immunovant Inc disclosed in a document filed with the SEC on Feb 22 ’24 that Barnett Eva Renee (Chief Financial Officer) sold a total of 2,930 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $36.15 per share for $0.11 million. Following the transaction, the insider now directly holds 0.32 million shares of the IMVT stock.
Still, SEC filings show that on Feb 22 ’24, Macias William L. (Chief Medical Officer) disposed off 2,221 shares at an average price of $36.15 for $80289.0. The insider now directly holds 330,952 shares of Immunovant Inc (IMVT).
