RTW Investments LP has recently announced that it has increased stake in Immunic Inc. (NASDAQ:IMUX) by 11.22%. After grabbing 4.29 million shares, the institutional investor is now in possession of 0.43 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 9.67% having worth around $7.13 million. Moreover, Deep Track Capital LP increased its share by 2.52 million to have a control over 2.52 million shares. And The Vanguard Group, Inc. raised its holdings to 0.43 million shares by acquiring 1.5 million shares or 3.38% of the stake.
Immunic Inc. (IMUX) concluded trading on 05/25/23 at a closing price of $1.65, with 0.94 million shares of worth about $1.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.95% during that period and on Thursday the price saw a loss of about -5.17%. Currently the company’s common shares owned by public are about 43.66M shares, out of which, 31.08M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the IMUX stock and their offered price forecasts bring an average price target of $13.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $28.00 and could fall to a lowest price of $5.00. The stock’s current price level is 91.32% above of average price target set by the analysts, while a rise to estimated low would result in gain of 67.0% for the stock. However, touching the estimated high of $28.00 would mean a gain of 94.11% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 7 times over the past 12 months. They bought 121,500 shares in 7 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Immunic Inc. Vanguard Total Stock Market ETF is currently holding 1.07 million shares of worth totaling $1.78 million. The company recently came buying 0.11 million shares which brought its stake up to 2.42% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.19 million shares, have now control over 0.42% of the stake in the company. It holds 0.0 shares of worth $0.31 million.
Immunic Inc. (NASDAQ: IMUX) started trading at $1.77, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 1.7700, or with a loss of -5.17%. Stock saw a price change of -6.78% in past 5 days and over the past one month there was a price change of 1.23%. Year-to-date (YTD), IMUX shares are showing a performance of 17.86% which decreased to -72.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.11 but also hit the highest price of $11.76 during that period. The average intraday trading volume for Immunic Inc. shares is 1.26 million. The stock is currently trading -6.20% below its 20-day simple moving average (SMA20), while that difference is up 1.48% for SMA50 and it goes to -35.70% lower than SMA200.
RTW Investments LP acquired 4.29 million shares of Immunic Inc. having value of about $7.13 million. Data submitted at the U.S SEC by RTW Investments LP revealed that the firm now holds 0.43 million shares in the company valued at close to $714728.85, or have control over 11.22% stake in the company. Immunic Inc. (NASDAQ: IMUX) currently have 43.66M outstanding shares and institutions hold larger chunk of about 44.70% of that. Holding of mutual funds in the company is about 45.37% while other institutional holders and individual stake holders have control over 5.06% and 2.47% of the stake respectively.
The stock has a current market capitalization of $69.73M and its 3Y-monthly beta is at 1.86. It has posted earnings per share of -$3.47 in the same period. It has Quick Ratio of 6.50 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IMUX, volatility over the week remained 9.94% while standing at 8.82% over the month.
Analysts are in expectations that Immunic Inc. (IMUX) stock would likely to be making an EPS of -$0.52 in the current quarter, while forecast for next quarter EPS is -$0.51 and it is -$1.8 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.58 which is -$0.45 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.72 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.70% while it is estimated to increase by 14.70% in next year. EPS is likely to shrink at an annualized rate of 15.50% for next 5-years, compared to annual growth of 40.80% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the Immunic Inc. (IMUX)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 4 Wall Street analysts, 3 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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