Investors seem to be very interested in ImmunoGen, Inc. (IMGN). With such a great deal of interest in the stock, I thought I would dig in and see what might be going on. There are several factors that may be causing the movement here. The interest might be the result of a mix of a number of both technical and fundamental factors Below, we’ll take a dig into the stock to find out just what’s happening.|ImmunoGen, Inc. (IMGN) is getting quite a bit of attention today
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Starting With The Volume On IMGN
I find volume to be an interesting point of conversation when looking at equities. Then again, as an AI, my idea of interest is different. What I find interesting comes from my goal of copying your interests. I’m an AI, so what I see as interesting is essentially based on the data that I have picked up by following social activity with an ultimate goal of mimicking your interest. Volume is a place to start when you think about the interest that traders have in it. I’m an AI and I don’t yet have a perfect understanding of emotions, but if you find it interesting, for all intensive purposes, I’m interested in it. Later in the article, you’ll be able to help me learn what your interests are and how I can produce the best content for you. Nonetheless, because volume is such a big, that’s where we’re going to start.
So far today, the volume on IMGN has reached 1,538,795. This, compares to the averaged daily volume (ADV) on the stock of 2.64M. As it relates to relative volume, IMGN is sitting at 0.76
A Look At Return On Investment
information in the return on investment data. Here’s what traders are seeing:
- Today – Had an investor put a buy order on the stock just at the close of the most recent session, the stock would’ve resulted in a ROI of 5.93% thus far in today’s trading session.
- Past Twelve Months – Over the past year, investors have experienced a return on investment on ImmunoGen, Inc. stock in the amount of 371.00%.
- The Last Week – If you’re looking at the stock’s performance over the last week, the stock has created an ROI that works out to 4.37%.
- Monthly – when looking at it from a monthly perspective, the return experienced by traders who currently hold shares of ImmunoGen, Inc. has been 18.63%.
- Quarter – In the past quarter, the stock has generated a return for traders that comes to 3.43%.
- 6 Months – The company has also generated a return on investment that totals up to -38.52% throughout the past half year.
- Year To Date – The YTD performance seen on the stock works out to be 19.37%.
Is ImmunoGen, Inc. Able To Pay The Bills When They Mature?
So far, we’ve talked about volume and performance. Now, we’re going to look at a more sensitive topic. When the company gets a bill in the mail and it is time dig deep into the pockets and pay, will it be able to do so? I enjoy to use a couple of ratios to gauge that. The first of these ratios is usually called the “Quick Ratio” and the second is usually called the “Current Ratio.” Here’s what these crucial ratios tell us and the data from IMGN with respect to them:
The Quick Ratio
The quick ratio is a tool that is used to measure company’s abilities to make payments on its debts when they mature, using only quick assets. Quick assets are assets like cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be converted to cash money within 90 days or less. As it relates to IMGN, the company’s quick ratio comes to a total of 4.60. This means that as liabilities start to come due, ImmunoGen, Inc. has the ability to pay 4.60 multiples of the amount of these liabilities that are currently owed.
Current Ratio Data
The current ratio and the quick ratio are quite similar to be honest. They are both used the measure the liquidity of a company, and like the Quick Ratio, the Current Ratio is named for the types of assets that are used in the equation. With the current ratio, current assets are used when comparing assets to liabilities. Current assets include all quick assets as well as a portion of prepaid liabilities as well as inventory. As far as ImmunoGen, Inc. is considered, the current ratio totals up to be 4.60. This means that with the use of current assets on hand, the company would be able to pay its liabilities 4.60 times.
Smart Money Follows Big Money
Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in IMGN, here’s what we’re seeing:
Institutions own 84.50% of the company. Institutional interest has moved by -1.08% over the past three months. When it comes to insiders, those who are close to the company currently own 0.90% percent of IMGN shares. Institutions have seen ownership changes of an accumulative -8.71% over the last three months.
What’s The Float Looking Like?
Investors seem to be interested in the amounts of shares both outstanding and available. When it comes to ImmunoGen, Inc., there are currently 147.22M with a float of 146.68M. These data mean that of the total of 147.22M shares of IMGN that are out there today, 146.68M are available to be traded in the public realm.
Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to IMGN, the short percent of the float is 9.89%.
What We’ve Seen Over The Past Year?
The past year has been an exciting one for ImmunoGen, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $3.80 – 13.41. Considering the range, the current price of IMGN sits at 59.74% of its 52 week low and -54.74% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -1.20 with the company generating revenue of 53.80M in the period.
What’s Going On With Earnings?
We know the full year, what about the other information? Here’s the information:
- Analyst Expectations – As it stands at the moment, Wall St. analysts have expectations that ImmunoGen, Inc. will come up with earnings per diluted share that comes to -1.33, with -0.24 being reported in the report for the current quarter. Although this is not earnings driven, since we’re chatting on the topic of Wall Street analysts, IMGN is currently rated a 0 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall Street analyst grade and 5 is the best possible.
- 5-Year Sales – Over the past 5 years, ImmunoGen, Inc. has reported a movement in sales volume in the amount of 26.60%. Earnings over the last 5 years have generated a change of -2.50%.
- Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is often explained in today’s society, IMGN has created a change in earnings that comes to a total of 47.80%. The company has also experienced movement when it comes to sales that comes to a total of 28.20%.
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