InMed Pharmaceuticals Inc (NASDAQ:INM) has a beta value of 0.27 and has seen 60.63 million shares traded in the recent trading session. The company, currently valued at $7.07M, closed the recent trade at $5.85 per share which meant it gained $3.36 on the day or 134.94% during that session. The INM stock price is -168.38% off its 52-week high price of $15.70 and 70.6% above the 52-week low of $1.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 59450.0 shares traded. The 3-month trading volume is 93.98K shares.
The consensus among analysts is that InMed Pharmaceuticals Inc (INM) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
InMed Pharmaceuticals Inc (NASDAQ:INM) trade information
Over the past 30 days, the shares of InMed Pharmaceuticals Inc (NASDAQ:INM) have changed 89.32%. Short interest in the company has seen 91906.0 shares shorted with days to cover at 0.47.
InMed Pharmaceuticals Inc (INM) estimates and forecasts
The company’s shares have gained 29.14% over the past 6 months.
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 53.87% over the past 5 years.
INM Dividends
InMed Pharmaceuticals Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
InMed Pharmaceuticals Inc (NASDAQ:INM)’s Major holders
Insiders own 1.45% of the company shares, while shares held by institutions stand at 10.18% with a share float percentage of 10.33%. Investors are also buoyed by the number of investors in a company, with InMed Pharmaceuticals Inc having a total of 7.0 institutions that hold shares in the company. The top two institutional holders are SABBY MANAGEMENT, LLC with over 0.31 million shares worth more than $81571.0. As of 2024-06-30, SABBY MANAGEMENT, LLC held 3.1961% of shares outstanding.
The other major institutional holder is VIRTU FINANCIAL LLC, with the holding of over 86684.0 shares as of 2024-06-30. The firm’s total holdings are worth over $23000.0 and represent 0.9017% of shares outstanding.
