Imunon Inc (NASDAQ: IMNN) is -25.36% lower on its value in year-to-date trading and has touched a low of $0.37 and a high of $3.65 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 IMNN stock was last observed hovering at around $0.84 in the last trading session, with the day’s gains setting it 10.2%.
Currently trading at $11.04M, the stock is -44.64% and -26.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 983949% at the moment leaves the stock -16.92% off its SMA200. IMNN registered -15.94% loss for a year compared to 6-month gain of -3.78%. The firm has a 50-day simple moving average (SMA 50) of $1.0852 and a 200-day simple moving average (SMA200) of $0.9616.
The stock witnessed a -64.82% loss in the last 1 month and extending the period to 3 months gives it a -23.21%, and is -20.14% 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 9.95% over the week and 22.49% over the month.
Imunon Inc (IMNN) has around 25 employees, a market worth around $16.23M and $0.00M in sales. Distance from 52-week low is 115.84% and -78.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-1670.41%).
The EPS is expected to grow by 42.44% this year
21.0 institutions hold shares in Imunon Inc (IMNN), with institutional investors hold 1.72% of the company’s shares. The shares outstanding are 20.32M, and float is at 17.74M with Short Float at 22.32%. Institutions hold 1.61% of the Float.
The top institutional shareholder in the company is RENAISSANCE TECHNOLOGIES LLC with over 0.11 million shares valued at $0.13 million. The investor’s holdings represent 1.184 of the IMNN Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 74653.0 shares valued at $86627.0 to account for 0.7941 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 58222.0 shares representing 0.6193 and valued at over $67538.0, while VANGUARD GROUP INC holds 0.5192 of the shares totaling 48806.0 with a market value of $56615.0.
Imunon Inc (IMNN) Insider Activity
The most recent transaction is an insider purchase by Braun Donald P, the company’s Director. SEC filings show that Braun Donald P bought 25,000 shares of the company’s common stock on Aug 20 ’24 at a price of $1.18 per share for a total of $29480.0. Following the purchase, the insider now owns 25597.0 shares.
Imunon Inc disclosed in a document filed with the SEC on Aug 15 ’24 that Lindborg Stacy (President and CEO) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $0.98 per share for $24500.0. Following the transaction, the insider now directly holds 0.26 million shares of the IMNN stock.
Still, SEC filings show that on Aug 15 ’24, Tardugno Michael H (Executive Chairman of Board) acquired 25,000 shares at an average price of $1.03 for $25750.0. The insider now directly holds 353,346 shares of Imunon Inc (IMNN).
