Immuneering Corp (NASDAQ: IMRX) Could Soon Experience A Sharp Increase In Its Share Price.

In the last trading session, 1.14 million shares of the Immuneering Corp (NASDAQ:IMRX) were traded, and its beta was -0.44. Most recently the company’s share price was $2.47, and it changed around $0.1 or 4.22% from the last close, which brings the market valuation of the company to $73.24M. IMRX currently trades at a discount to its 52-week high of $8.89, offering almost -259.92% off that amount. The share price’s 52-week low was $1.00, which indicates that the current value has risen by an impressive 59.51% since then. We note from Immuneering Corp’s average daily trading volume that its 10-day average is 2.07 million shares, with the 3-month average coming to 6.26 million.

Immuneering Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended IMRX as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.

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Immuneering Corp (NASDAQ:IMRX) trade information

Instantly IMRX has showed a green trend with a performance of 4.22% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.70 on recent trading dayincreased the stock’s daily price by 8.52%. The company’s shares are currently down -66.39% year-to-date, but still down -7.14% over the last five days. On the other hand, Immuneering Corp (NASDAQ:IMRX) is 107.56% up in the 30-day period. We can see from the shorts that 3.02 million shares have been sold at a short interest cover period of 0.43 day(s).

The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 81.0% from its current value. Analyst projections state that IMRX is forecast to be at a low of $3 and a high of $41.

Immuneering Corp (IMRX) estimates and forecasts

Immuneering Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 12.79 percent over the past six months and at a -0.53% annual growth rate that is well below the industry average of 17.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -57.97%.

IMRX Dividends

Immuneering Corp’s next quarterly earnings report is expected to be released in November.

Immuneering Corp (NASDAQ:IMRX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 29.17% of Immuneering Corp shares, and 32.51% of them are in the hands of institutional investors. The stock currently has a share float of 45.90%. Immuneering Corp stock is held by 74.0 institutions, with CITADEL ADVISORS LLC being the largest institutional investor. By 2024-06-30, it held 6.4083% of the shares, which is about 1.88 million shares worth $2.41 million.

VANGUARD GROUP INC, with 3.6442% or 1.07 million shares worth $1.37 million as of 2024-06-30, holds the second largest percentage of outstanding shares.