ImmunoGen Inc. (NASDAQ:IMGN) finished Wednesday with a subtraction of -$0.32 to close at $4.72, a downside of -6.35 percent. An average of 3,746,920 shares of common stock have been traded in the last five days. There was a fall of -$0.41 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,945,435 shares traded, while the 50-day average volume stands at 2,948,504.
IMGN stock has decreased by -17.77% in the last month. The company shares reached their 1-month lowest point of $4.69 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $3.10 and a high of $7.77 in 52 weeks. It has reached a new high 1 time so far this year and lost -36.39% or -$2.70 in price. In spite of this, the price is down -39.25% from the 52-week high.
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ImmunoGen Inc. (IMGN) stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 12.44, the price-to-book (PB) ratio at 4.77.
The quick ratio of ImmunoGen Inc. for the three months ended June 29 was 4.50, and the current ratio was 4.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $194.93 million compared to revenue of $69.86 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ImmunoGen Inc.’s return on assets was -37.20%.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$62.02 million in the quarter, while revenues of -$24.15 million were grew 50.44%. The analyst consensus anticipated ImmunoGen Inc.’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.24, a -14.30% surprise. For the quarter, EBITDA amounted to -$60.59 million. Shareholders own equity worth $220.71 million.
From a technical analysis perspective, let’s take a brief look at ImmunoGen Inc. (IMGN) price momentum. RSI 9-day as of the close on 21 September was 32.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 63.87%.
As of today, IMGN’s price is $5.08 -7.99% or -$0.41 from its 5-day moving average. IMGN is currently trading -22.88% lower than its 20-day SMA and -3.48% lower than its 100-day SMA. However, the stock’s current price level is -9.58% below the SMA50 and -28.70% below the SMA200.
The stochastic %K and %D were 14.50% and 18.08%, respectively, and the average true range (ATR) was 0.33. With the 14-day stochastic at 2.70% and the average true range at 0.33, the RSI (14) stands at 37.79%. The stock has reached -0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.
Barclays launched coverage on ImmunoGen Inc. (NASDAQ: IMGN) in its analyst report released on September 09, 2022. The firm assigned the stock an Overweight rating. The consensus rating for ImmunoGen Inc. (IMGN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IMGN, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is IMGN’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $20.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for ImmunoGen Inc. (IMGN) stock is $10.89.