Immunovant (IMVT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $25.25 to $26.27
• 50-Day Range: $25.22 to $31.42
• 52-Week Range: $24.61 to $45.58
• Volume: 3.24 million shs
• Average Volume: 1.07 million shs
• Market Capitalization: $3.80 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $47.22
• Consensus Rating: Buy

Immunovant Stock Analysis - MarketRank™

Immunovant scored higher than 29% of companies evaluated by MarketBeat, and ranked 802nd out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Immunovant has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Immunovant has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Immunovant are expected to decrease in the coming year, from ($2.73) to ($3.33) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Immunovant is -11.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Immunovant is -11.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Immunovant has a P/B Ratio of 6.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

20.39% of the float of Immunovant has been sold short.

Short Interest Ratio / Days to Cover

Immunovant has a short interest ratio ("days to cover") of 15.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Immunovant has recently decreased by 2.69%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Immunovant does not currently pay a dividend.

Dividend Growth

Immunovant does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

20.39% of the float of Immunovant has been sold short.

Short Interest Ratio / Days to Cover

Immunovant has a short interest ratio ("days to cover") of 15.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Immunovant has recently decreased by 2.69%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.31

News Sentiment

Immunovant has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Immunovant this week, compared to 5 articles on an average week.

Search Interest

Only 22 people have searched for IMVT on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Immunovant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,096,890.00 in company stock.

Percentage Held by Insiders

Only 5.90% of the stock of Immunovant is held by insiders.

Percentage Held by Institutions

47.08% of the stock of Immunovant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IMVT Stock Analysis - Frequently Asked Questions

How have IMVT shares performed this year?

Immunovant's stock was trading at $42.13 at the start of the year. Since then, IMVT stock has decreased by 38.6% and is now trading at $25.86.
View the best growth stocks for 2024 here.

How were Immunovant's earnings last quarter?

Immunovant, Inc. (NASDAQ:IMVT) released its quarterly earnings results on Thursday, November, 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.15.

Who are Immunovant's major shareholders?

Immunovant's top institutional investors include FMR LLC (8.54%), State Street Corp (2.06%), Geode Capital Management LLC (1.03%) and Baker BROS. Advisors LP (0.83%). Insiders that own company stock include Sciences Ltd Roivant, Peter Salzmann, Julia G Butchko, Frank Torti, William L Macias, Eva Renee Barnett, Mark S Levine, Jay S Stout and Michael Geffner.
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.

What other stocks do shareholders of Immunovant own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Immunovant investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), e.l.f. Beauty (ELF) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 12/21/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Biological products, except diagnostic
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:IMVT
• CUSIP: N/A
• CIK: 1764013
• Web: www.immunovant.com
• Phone: 917-580-3099
• Fax: N/A
• Employees: 120
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $47.22
• High Stock Price Target: $55.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: +82.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-259,340,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -56.40%
• Return on Assets: -52.03%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.61
• Quick Ratio: 7.61

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.25 per share
• Price / Book: 6.08

Miscellaneous

• Outstanding Shares: 146,785,000
• Free Float: 138,125,000
• Market Cap: $3.80 billion
• Optionable: Optionable
• Beta: 0.64