In last trading session, IGM Biosciences Inc (NASDAQ:IGMS) saw 0.55 million shares changing hands with its beta currently measuring 0.16. Company’s recent per share price level of $13.03 trading at -$1.34 or -9.32% at ring of the bell on the day assigns it a market valuation of $772.92M. That closing price of IGMS’s stock is at a discount of -72.68% from its 52-week high price of $22.50 and is indicating a premium of 68.38% from its 52-week low price of $4.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.16 million shares which gives us an average trading volume of 278.43K if we extend that period to 3-months.
For IGM Biosciences Inc (IGMS), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.8 in the current quarter.
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IGM Biosciences Inc (NASDAQ:IGMS) trade information
Upright in the red during last session for losing -9.32%, in the last five days IGMS remained trading in the red while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $13.03 price level, adding 20.16% to its value on the day. IGM Biosciences Inc’s shares saw a change of 56.80% in year-to-date performance and have moved -19.67% in past 5-day. IGM Biosciences Inc (NASDAQ:IGMS) showed a performance of -6.19% in past 30-days. Number of shares sold short was 3.68 million shares which calculate 7.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 21 to the stock, which implies a rise of 37.95% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 31. It follows that stock’s current price would jump 7.9% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.9% for stock’s current value.
IGM Biosciences Inc (IGMS) estimates and forecasts
Statistics highlight that IGM Biosciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 39.51% of value to its shares in past 6 months, showing an annual growth rate of 32.70% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 290.60% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 270k for the same. And 9 analysts are in estimates of company making revenue of 210k in the next quarter. Company posted 509k and 651k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -44.65% during past 5 years.
IGM Biosciences Inc (NASDAQ:IGMS)’s Major holders
Insiders are in possession of 35.27% of company’s total shares while institution are holding 66.18 percent of that, with stock having share float percentage of 102.24%. Investors also watch the number of corporate investors in a company very closely, which is 66.18% institutions for IGM Biosciences Inc that are currently holding shares of the company. BAKER BROS. ADVISORS LP is the top institutional holder at IGMS for having 4.09 million shares of worth $28.1 million. And as of 2024-06-30, it was holding 6.8042 of the company’s outstanding shares.
The second largest institutional holder is PRICE T ROWE ASSOCIATES INC /MD/, which was holding about 4.08 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7789 of outstanding shares, having a total worth of $28.0 million.
