Immunovant (IMVT) Stock Price, News & Analysis

$28.31
+0.87 (+3.17%)
(As of 01:45 PM ET)
Today's Range
$27.30
$29.26
50-Day Range
$27.17
$38.36
52-Week Range
$17.53
$45.58
Volume
545,142 shs
Average Volume
1.22 million shs
Market Capitalization
$4.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$48.00

Immunovant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
68.7% Upside
$48.00 Price Target
Short Interest
Healthy
14.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.87mentions of Immunovant in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.42 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.70) to ($1.82) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.18 out of 5 stars

Medical Sector

326th out of 918 stocks

Biological Products, Except Diagnostic Industry

38th out of 149 stocks

IMVT stock logo

About Immunovant Stock (NASDAQ:IMVT)

Immunovant, Inc., a clinical-stage biopharmaceutical company, develops monoclonal antibodies for the treatment of autoimmune diseases. It develops batoclimab, a novel fully human monoclonal antibody that target the neonatal fragment crystallizable receptor for the treatment of myasthenia gravis, thyroid eye disease, chronic inflammatory demyelinating polyneuropathy, and Graves diseases, as well as warm autoimmune hemolytic anemia. The company is headquartered in New York, New York. Immunovant, Inc. operates as a subsidiary of Roivant Sciences Ltd.

IMVT Stock Price History

IMVT Stock News Headlines

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Should You Hold Immunovant (IMVT)?
Immunovant CFO sells shares worth over $350k
Immunovant is Now Oversold (IMVT)
Immunovant Awarded U.S. Patent for IMVT-1402
IMVT Jul 2024 30.000 call
IMVT Mar 2024 40.000 call
IMVT Mar 2024 32.000 call
IMVT Apr 2024 45.000 put
See More Headlines
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Company Calendar

Last Earnings
2/12/2024
Today
5/01/2024
Next Earnings (Estimated)
5/27/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:IMVT
Fax
N/A
Employees
164
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$48.00
High Stock Price Target
$57.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+69.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
17 Analysts

Profitability

Net Income
$-210,960,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$2.78 per share

Miscellaneous

Free Float
138,319,000
Market Cap
$4.12 billion
Optionable
Optionable
Beta
0.65
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IMVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Immunovant stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Immunovant in the last year. There are currently 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IMVT shares.
View IMVT analyst ratings
or view top-rated stocks.

What is Immunovant's stock price target for 2024?

17 brokers have issued 1-year target prices for Immunovant's stock. Their IMVT share price targets range from $32.00 to $57.00. On average, they predict the company's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 68.7% from the stock's current price.
View analysts price targets for IMVT
or view top-rated stocks among Wall Street analysts.

How have IMVT shares performed in 2024?

Immunovant's stock was trading at $42.13 on January 1st, 2024. Since then, IMVT shares have decreased by 32.5% and is now trading at $28.45.
View the best growth stocks for 2024 here
.

Are investors shorting Immunovant?

Immunovant saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 8,510,000 shares, a decline of 5.7% from the March 31st total of 9,020,000 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 7.4 days. Currently, 14.1% of the company's stock are sold short.
View Immunovant's Short Interest
.

When is Immunovant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
View our IMVT earnings forecast
.

How were Immunovant's earnings last quarter?

Immunovant, Inc. (NASDAQ:IMVT) issued its quarterly earnings results on Monday, February, 12th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.07.

What ETFs hold Immunovant's stock?
What other stocks do shareholders of Immunovant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Immunovant investors own include Salesforce (CRM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Walt Disney (DIS), Fulcrum Therapeutics (FULC), Myovant Sciences (MYOV), Alibaba Group (BABA), Inovio Pharmaceuticals (INO), JD.com (JD) and Johnson & Johnson (JNJ).

Who are Immunovant's major shareholders?

Immunovant's stock is owned by many different institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (0.40%), WCM Investment Management LLC (0.12%), Assenagon Asset Management S.A. (0.07%), Allspring Global Investments Holdings LLC (0.04%), Simplex Trading LLC (0.00%) and China Universal Asset Management Co. Ltd. (0.02%). Insiders that own company stock include Atul Pande, Douglas J Hughes, Eva Renee Barnett, Frank Torti, George V Migausky, Jay S Stout, Julia G Butchko, Mark S Levine, Michael Geffner, Peter Salzmann, Sciences Ltd Roivant and William L Macias.
View institutional ownership trends
.

How do I buy shares of Immunovant?

Shares of IMVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IMVT) was last updated on 5/1/2024 by MarketBeat.com Staff

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