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Tuesday, June 6, 2023

The Question Is Whether To Buy Or Not To Buy ImmunoGen Inc. (NASDAQ: IMGN)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for ImmunoGen Inc. (IMGN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $13.28. The ImmunoGen Inc. has recorded 168,671 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ImmunoGen Announces Pricing of Upsized Public Offering of Common Stock.

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Stocks Info

ImmunoGen Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. At the end of the last regular session, the stock closed at $13.28 and fluctuated between $13.74 as its day high and $11.83 as its day low. The current market capitalization of ImmunoGen Inc. is $2.41B. A total of 27.89 million shares were traded on the day, compared to an average of 5.40M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, IMGN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 0 SELLs from insiders. Insiders purchased 42,829 shares during that period but sold 0.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for IMGN in the last 3 months, the mean price target is $14.10 with high estimates of $22.00 and low estimates of $5.00. In terms of 52-week highs and lows, IMGN has a high of $13.31 and a low of $3.10.

As of this writing, IMGN has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.25. The company reported an EPS of -$0.23 in the last quarter, which was 23.30% higher than expectations of -$0.3.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. IMGN’s latest balance sheet shows that the firm has $478.75M in Cash & Short Term Investments as of fiscal 2021. There were $18.78M in debt and $100.94M in liabilities at the time. Its Book Value Per Share was $0.61, while its Total Shareholder’s Equity was $325.59M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IMGN is Buy with a score of 4.45.

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