Business

A Look at Price Fluctuation of Immunomedics Inc (NASDAQ:IMMU)

Immunomedics Inc (NASDAQ:IMMU) shares traded 3.35% up during most recent session to reach at the closing price of $7.72. The stock exchanged hands 6.44 Million shares versus average trading capacity of 3.35 Million shares, yielding a market cap of $846.14 Million. Wall Street analysts covering the stock are projecting that the stock will reach $10.25 within the next 52-weeks. The mean target projections are based on 2 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Immunomedics Inc (NASDAQ:IMMU) high price target of $11.5 and with a conservative view have low price target of $9.

Cowen & Co. “Initiates Coverage On” Immunomedics Inc (NASDAQ:IMMU) in a research note issued to investors on 5/26/17 to Outperform with price target of $15.

Additionally on 10/06/16 Jefferies “Assumes” Immunomedics Inc (NASDAQ:IMMU) to Buy setting price target at $ and on 6/21/16 Wells Fargo “Downgrades” the stock to Market Perform. Furthermore on 5/06/16 Jefferies “Upgrades” the stock to Buy at $5.

On the other hand the company has Relative Strength Index (RSI 14) of 67.93 along with Average True Range (ATR 14) of 0.39, Consequently Immunomedics Inc (NASDAQ:IMMU)’s weekly and monthly volatility is 4.63%, 5.70% respectively. The company’s beta value is at 1.6.

In terms of Buy, Sell or Hold recommendations, Immunomedics Inc (NASDAQ:IMMU) has analysts’ mean recommendation of 1.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Immunomedics Inc (NASDAQ:IMMU)’s minimum EPS for the current quarter is at $-0.11 and can go high up to $-0.1. The consensus mean EPS for the current quarter is at $-0.11 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.17 earnings per share for the same quarter during last year.

Previously Immunomedics Inc (NASDAQ:IMMU) reported $-0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.13 by $-0.42. The company posted an earnings surprise of -323.1%.

Immunomedics Inc (NASDAQ:IMMU)’s revenue estimates for the current quarter are $3.2 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $5.5 Million in contradiction of low revenue estimates of $900 Million. For the current year the company’s revenue estimates are $5.6 Million compared to low analyst estimates of $3.3 Million and high estimates of $7.9 Million according to 2 number of analysts.

Currently Immunomedics Inc (NASDAQ:IMMU)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 66.7%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 19.28%.

Immunomedics Inc (NASDAQ:IMMU) 52-week high price stands at $7.70 and low price stands at $1.95, its price distance from 52-week high is 0.26% while its distance from 52-week low price is 295.9%. The stock hit its 52-week high on 05/26/17, and 52-week low on 06/27/16.

Immunomedics Inc (NASDAQ:IMMU)’s trailing twelve month revenues are $3.4 Million, whereas its price to sales ratio for the same period is 250.56. Its book value per share for the most recent quarter is $-1.22 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.42, however its price to cash per share ratio for the same period is 18.52. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

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