Immunome Inc (NASDAQ: IMNM) Dropped -9.67% In 6 Months – Here’s What Might Happen Next

Immunome Inc (NASDAQ:IMNM)’s traded shares stood at 0.46 million during the last session, with the company’s beta value hitting 1.84. At the close of trading, the stock’s price was $13.73, to imply an increase of 8.11% or $1.03 in intraday trading. The IMNM share’s 52-week high remains $30.96, putting it -125.49% down since that peak but still an impressive 49.53% since price per share fell to its 52-week low of $6.93. The company has a valuation of $856.98M, with an average of 1.01 million shares in intraday trading volume over the past 10 days and average of 787.57K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Immunome Inc (IMNM), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give IMNM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.66.

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Immunome Inc (NASDAQ:IMNM) trade information

After registering a 8.11% upside in the last session, Immunome Inc (IMNM) has traded red over the past five days. The 5-day price performance for the stock is 1.33%, and 4.81% over 30 days. With these gigs, the year-to-date price performance is 28.32%. Short interest in Immunome Inc (NASDAQ:IMNM) saw shorts transact 10.67 million shares and set a 15.99 days time to cover.

The extremes give us $23 and $23 for target low and target high price respectively. As such, IMNM has been trading -67.52% off suggested target high and -67.52% from its likely low.

Immunome Inc (IMNM) estimates and forecasts

Looking at statistics comparing Immunome Inc share performance against respective industry, we note that the company has underperformed competitors. Immunome Inc (IMNM) shares are -9.67% down over the last 6 months, with its year-to-date growth rate lower than industry average at -242.75% against 17.50%. The rating firms project that company’s revenue will shrink -32.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 7 analysts is 3.16M. Earnings reports from the last fiscal year show that sales brought in 3.83M and 1.03M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -17.51% before dropping -100.00% in the following quarter.

IMNM Dividends

Immunome Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Immunome Inc (NASDAQ:IMNM)’s Major holders

Immunome Inc insiders hold 16.99% of total outstanding shares, with institutional holders owning 83.33% of the shares at 100.38% float percentage. In total, 83.33% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 3.76 million shares (or 36.4624% of shares), all amounting to roughly $45.48 million.

The next major institution holding the largest number of shares is REDMILE GROUP, LLC with 4.89 million shares, or about 8.1579% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $59.16 million.