Immunovant Inc (NASDAQ: IMVT): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

IMVT belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Immunovant Inc is $4.30B. A total of 0.62 million shares were traded on the day, compared to an average of 986.17K shares.

In the most recent transaction, Levine Mark S. sold 3,295 shares of IMVT for 31.86 per share on Aug 21 ’24. After the transaction, the Chief Legal Officer now owns 330,099 company shares. In a previous transaction on Aug 21 ’24, Macias William L. sold 3,027 shares at 31.86 per share. IMVT shares that Chief Medical Officer owns now total 368,332.

Among the insiders who sold shares, Barnett Eva Renee disposed of 3,768 shares on Aug 21 ’24 at a per-share price of $31.86. This resulted in the Chief Financial Officer holding 343,776 shares of IMVT after the transaction. In another insider transaction, Butchko Julia G. sold 3,027 shares at $31.86 per share on Aug 21 ’24. Company shares held by the Chief Development Officer now total 440,959.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, IMVT has a high of $45.58 and a low of $24.67.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IMVT’s latest balance sheet shows that the firm has $493.82M in Cash & Short Term Investments as of fiscal 2022. There were $2.36M in debt and $44.52M in liabilities at the time. Its Book Value Per Share was $3.73, while its Total Shareholder’s Equity was $469.82M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IMVT is Buy with a score of 5.00.

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