Immunogen, Inc. (NASDAQ: IMGN): Reassessing Prospects

Immunogen, Inc. (IMGN) concluded trading on Wednesday at a closing price of $29.32, with 5.86 million shares of worth about $171.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.70% during that period and on Wednesday, January 31 the price saw a loss of about -0.24%. Currently the company’s common shares owned by public are about 279.35M shares, out of which, 273.02M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 81 times over the past 12 months. They bought 4,368,089 shares in 61 of the transactions. In 20 selling transactions, insiders dumped 4,275,583 shares.

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However, the stock later moved at a day high price of 29.60, or with a loss of -0.24%. Stock saw a price change of -0.61% in past 5 days and over the past one month there was a price change of -1.11%. Year-to-date (YTD), IMGN shares are showing a performance of -1.11% which increased to 550.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.61 but also hit the highest price of $30.13 during that period. The average intraday trading volume for Immunogen, Inc. shares is 7.73 million. The stock is currently trading -0.93% below its 20-day simple moving average (SMA20), while that difference is up 8.22% for SMA50 and it goes to 63.12% higher than SMA200.

Immunogen, Inc. (NASDAQ: IMGN) currently have 279.35M outstanding shares and institutions hold larger chunk of about 86.19% of that.

The stock has a current market capitalization of $8.19B and its 3Y-monthly beta is at 1.16. It has posted earnings per share of -$0.30 in the same period. It has Quick Ratio of 5.65 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IMGN, volatility over the week remained 0.72% while standing at 0.65% over the month.

Analysts are in expectations that Immunogen, Inc. (IMGN) stock would likely to be making an EPS of $ImmunoGen, Inc. in the current quarter, while forecast for next quarter EPS is $29.32 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Inogen, Inc which is $Imunon, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Immuron Limited in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 107.59% while it is estimated to increase by 449.10% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on December 01, 2023 offering a Neutral rating for the stock and assigned a target price range of between $25 and $31 to it.

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