While Immuneering Corp has overperformed by 1.92%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IMRX fell by -67.48%, with highs and lows ranging from $9.00 to $1.00, whereas the simple moving average fell by -16.32% in the last 200 days.
On March 15, 2024, Needham Reiterated Immuneering Corp (NASDAQ: IMRX) to Buy. A report published by TD Cowen on March 15, 2024, Downgraded its rating to ‘Market Perform’ for IMRX. Jefferies also Downgraded IMRX shares as ‘Hold’, setting a target price of $3 on the company’s shares in a report dated March 15, 2024. Needham Initiated an Buy rating on December 01, 2023, and assigned a price target of $20. Oppenheimer initiated its ‘Outperform’ rating for IMRX, as published in its report on June 26, 2023. Morgan Stanley’s report from April 19, 2023 suggests a price prediction of $14 for IMRX shares, giving the stock a ‘Equal-Weight’ rating. Mizuho also rated the stock as ‘Buy’.
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Analysis of Immuneering Corp (IMRX)
One of the most important indicators of Immuneering Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -61.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 9.39, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and IMRX is recording 6.24M average volume. On a monthly basis, the volatility of the stock is set at 20.78%, whereas on a weekly basis, it is put at 17.75%, with a loss of -17.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.21, showing growth from the present price of $2.66, which can serve as yet another indication of whether IMRX is worth investing in or should be passed over.
How Do You Analyze Immuneering Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 29.18%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 32.39% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IMRX shares are owned by institutional investors to the tune of 32.39% at present.
