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Immatics N.V (IMTX) – Don’t Be So Quick to Call it Dead

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Immatics N.V (NASDAQ: IMTX) is -18.61% lower on its value in year-to-date trading and has touched a low of $7.98 and a high of $13.77 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 IMTX stock was last observed hovering at around $8.48 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $8.57, the stock is -7.62% and -18.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 1.06% at the moment leaves the stock -24.10% off its SMA200. IMTX registered -10.36% loss for a year compared to 6-month loss of -22.65%. The firm has a 50-day simple moving average (SMA 50) of $10.5316 and a 200-day simple moving average (SMA200) of $11.304175.

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The stock witnessed a -9.69% gain in the last 1 month and extending the period to 3 months gives it a -25.48%, and is -6.75% 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 4.27% over the week and 3.44% over the month.

Immatics N.V (IMTX) has around 343 employees, a market worth around $1.02B and $76.61M in sales. Profit margin for the company is -103.97%. Distance from 52-week low is 7.39% and -37.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.48%).

The EPS is expected to grow by 30.34% this year

The shares outstanding are 84.66M, and float is at 83.43M with Short Float at 8.02%.

The top institutional shareholder in the company is RTW INVESTMENTS, LP with over 10.0 million shares valued at $116.2 million. The investor’s holdings represent 10.1276 of the IMTX Shares outstanding. As of 2024-06-30, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 9.54 million shares valued at $110.82 million to account for 9.6583 of the shares outstanding. The other top investors are PERCEPTIVE ADVISORS LLC which holds 8.09 million shares representing 8.1893 and valued at over $93.96 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 7.5286 of the shares totaling 7.43 million with a market value of $86.38 million.

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