While Immatics N.V has underperformed by -2.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IMTX rose by 55.24%, with highs and lows ranging from $13.16 to $5.90, whereas the simple moving average jumped by 0.99% in the last 200 days.
On November 02, 2023, Cantor Fitzgerald started tracking Immatics N.V (NASDAQ: IMTX) recommending Overweight. A report published by Mizuho on March 31, 2023, Initiated its previous ‘Buy’ rating for IMTX. Bryan Garnier also rated IMTX shares as ‘Buy’, setting a target price of $16 on the company’s shares in an initiating report dated March 24, 2023. BofA Securities Initiated an Buy rating on November 20, 2020, and assigned a price target of $13. Goldman initiated its ‘Buy’ rating for IMTX, as published in its report on September 22, 2020. SVB Leerink’s report from July 27, 2020 suggests a price prediction of $17 for IMTX shares, giving the stock a ‘Outperform’ rating. Jefferies also rated the stock as ‘Buy’.
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Analysis of Immatics N.V (IMTX)
Further, the quarter-over-quarter decrease in sales is -6.55%, showing a negative trend in the upcoming months.
One of the most important indicators of Immatics N.V’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 2.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and IMTX is recording 512.08K average volume. On a monthly basis, the volatility of the stock is set at 5.05%, whereas on a weekly basis, it is put at 7.12%, with a loss of -7.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.04, showing growth from the present price of $11.10, which can serve as yet another indication of whether IMTX is worth investing in or should be passed over.
How Do You Analyze Immatics N.V Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.15%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IMTX shares are owned by institutional investors to the tune of 43.52% at present.
