In the latest trading session, 4.95 million InMed Pharmaceuticals Inc (NASDAQ:INM) shares changed hands as the company’s beta touched 0.74. With the company’s most recent per share price at $0.29 changing hands around $0.05 or 21.79% at last look, the market valuation stands at $0.97M. INM’s current price is a discount, trading about -617.24% off its 52-week high of $2.08. The share price had its 52-week low at $0.12, which suggests the last value was 58.62% up since then. When we look at InMed Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 0.31 million shares, with the 3-month average coming to 6.80 million.
Analysts gave the InMed Pharmaceuticals Inc (INM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended INM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. InMed Pharmaceuticals Inc’s EPS for the current quarter is expected to be 0.
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InMed Pharmaceuticals Inc (NASDAQ:INM) trade information
Instantly INM is in green as seen in intraday trades today. With action 40.97%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -29.86%, with the 5-day performance at 40.97% in the green. However, in the 30-day time frame, InMed Pharmaceuticals Inc (NASDAQ:INM) is 10.15% up. Looking at the short shares, we see there were 93164.0 shares sold at short interest cover period of 0.09 days.
InMed Pharmaceuticals Inc (INM) estimates and forecasts
Year-over-year growth is forecast to reach 47.20% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 6.77M. The company’s revenue for the corresponding quarters a year ago was 4.6M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 47.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 53.87%.
INM Dividends
InMed Pharmaceuticals Inc is expected to release its next quarterly earnings report in November.
InMed Pharmaceuticals Inc (NASDAQ:INM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.62% of InMed Pharmaceuticals Inc shares while 5.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.58%. There are 5.55% institutions holding the InMed Pharmaceuticals Inc stock share, with SABBY MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 3.1961% of the shares, roughly 0.31 million INM shares worth $81571.0.
VIRTU FINANCIAL LLC holds the second largest percentage of outstanding shares, with 0.9017% or 86684.0 shares worth $23000.0 as of 2024-06-30.
