Immunovant Inc (NASDAQ: IMVT) is -36.79% lower on its value in year-to-date trading and has touched a low of $24.67 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 $28.05 in the last trading session, with the day’s loss setting it -1.42%.
Currently trading at $26.63, the stock is -10.35% and -9.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -5.06% at the moment leaves the stock -11.63% off its SMA200. IMVT registered -22.23% loss for a year compared to 6-month loss of -13.26%. The firm has a 50-day simple moving average (SMA 50) of $29.4496 and a 200-day simple moving average (SMA200) of $30.134424.
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The stock witnessed a -8.99% gain in the last 1 month and extending the period to 3 months gives it a -14.57%, and is -13.12% 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 5.37% over the week and 4.35% over the month.
Immunovant Inc (IMVT) has around 207 employees, a market worth around $3.71B and $0.00M in sales. Distance from 52-week low is 7.94% and -41.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-71.93%).
The EPS is expected to shrink by -48.40% this year.
Immunovant Inc (IMVT) Top Institutional Holders
269.0 institutions hold shares in Immunovant Inc (IMVT), with institutional investors hold 123.07% of the company’s shares. The shares outstanding are 145.58M, and float is at 62.23M with Short Float at 21.05%. Institutions hold 54.59% of the Float.
The top institutional shareholder in the company is FMR LLC with over 10.48 million shares valued at $276.77 million. The investor’s holdings represent 7.5915% of the IMVT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.51 million shares valued at $171.86 million to account for 4.7138 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.92 million shares representing 3.5598% and valued at over $129.79 million, while ARMISTICE CAPITAL, LLC holds 2.4597 of the shares totaling 3.4 million with a market value of $89.68 million.
Immunovant Inc (IMVT) Insider Activity
The most recent transaction is an insider sale by Levine Mark S., the company’s Chief Legal Officer. SEC filings show that Levine Mark S. sold 4,361 shares of the company’s common stock on Oct 23 ’24 at a price of $29.53 per share for a total of $0.13 million. Following the sale, the insider now owns 0.32 million shares.
Immunovant Inc disclosed in a document filed with the SEC on Oct 23 ’24 that Geffner Michael (Chief Medical Officer) sold a total of 3,189 shares of the company’s common stock. The trade occurred on Oct 23 ’24 and was made at $29.53 per share for $94171.0. Following the transaction, the insider now directly holds 0.13 million shares of the IMVT stock.
Still, SEC filings show that on Oct 23 ’24, Stout Jay S (Chief Technology Officer) disposed off 2,740 shares at an average price of $29.53 for $80912.0. The insider now directly holds 142,186 shares of Immunovant Inc (IMVT).
