While Immunome Inc has overperformed by 0.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IMNM rose by 35.48%, with highs and lows ranging from $30.96 to $6.93, whereas the simple moving average fell by -25.80% in the last 200 days.
On May 31, 2024, Piper Sandler started tracking Immunome Inc (NASDAQ: IMNM) recommending Overweight. A report published by JP Morgan on April 30, 2024, Initiated its previous ‘Overweight’ rating for IMNM. Guggenheim also rated IMNM shares as ‘Buy’, setting a target price of $35 on the company’s shares in an initiating report dated April 15, 2024. Leerink Partners Initiated an Outperform rating on January 29, 2024, and assigned a price target of $30. Wedbush initiated its ‘Outperform’ rating for IMNM, as published in its report on December 19, 2023. Cantor Fitzgerald’s report from October 29, 2021 suggests a price prediction of $35 for IMNM shares, giving the stock a ‘Overweight’ rating.
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Analysis of Immunome Inc (IMNM)
Further, the quarter-over-quarter decrease in sales is -44.55%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Immunome Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -199.56% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.12, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and IMNM is recording an average volume of 646.10K. On a monthly basis, the volatility of the stock is set at 6.13%, whereas on a weekly basis, it is put at 5.36%, with a loss of -5.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.60, showing growth from the present price of $12.18, which can serve as yet another indication of whether IMNM is worth investing in or should be passed over.
How Do You Analyze Immunome Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 18.42%. 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 79.04% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IMNM shares are owned by institutional investors to the tune of 79.04% at present.
