Immunic Inc (NASDAQ: IMUX) Must Gain 68.0% To Achieve Consensus Price Target

Immunic Inc (NASDAQ:IMUX) has a beta value of 1.83 and has seen 1.21 million shares traded in the last trading session. The company, currently valued at $144.13M, closed the last trade at $1.60 per share which meant it lost -$0.23 on the day or -12.57% during that session. The IMUX stock price is -31.87% off its 52-week high price of $2.11 and 40.63% above the 52-week low of $0.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.84 million shares traded. The 3-month trading volume is 388.08K shares.

The consensus among analysts is that Immunic Inc (IMUX) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.

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Immunic Inc (NASDAQ:IMUX) trade information

Over the past 30 days, the shares of Immunic Inc (NASDAQ:IMUX) have changed 5.26%. Short interest in the company has seen 2.33 million shares shorted with days to cover at 8.32.

Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 68.0% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -212.5% off the targeted high while a plunge would see the stock gain -212.5% from current levels.

Immunic Inc (IMUX) estimates and forecasts

Figures show that Immunic Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 21.21% over the past 6 months, with this year growth rate of 54.98%, compared to 17.30% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 31.12% over the past 5 years. Earnings growth for 2024 is a modest 56.87% while over the next 5 years, the company’s earnings are expected to increase by 15.50%.

IMUX Dividends

Immunic Inc is expected to release its next earnings report on 2024-Aug-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Immunic Inc (NASDAQ:IMUX)’s Major holders

Insiders own 7.72% of the company shares, while shares held by institutions stand at 62.58% with a share float percentage of 67.81%. Investors are also buoyed by the number of investors in a company, with Immunic Inc having a total of 69.0 institutions that hold shares in the company. The top two institutional holders are BVF INC/IL with over 8.9 million shares worth more than $9.88 million. As of 2024-06-30, BVF INC/IL held 9.15% of shares outstanding.

The other major institutional holder is AVIDITY PARTNERS MANAGEMENT LP, with the holding of over 8.9 million shares as of 2024-06-30. The firm’s total holdings are worth over $9.88 million and represent 9.15% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.08% shares in the company for having 1.87 shares of worth $2.99 million while later fund manager owns 1.67 shares of worth $2.67 million as of Jun 30, 2024 , which makes it owner of about 1.85% of company’s outstanding stock.