Imunon Inc [NASDAQ: IMNN] gained 4.08% or 0.02 points to close at $0.42 with a heavy trading volume of 18767545 shares.
The daily chart for IMNN points out that the company has recorded -40.28% loss over the past six months.
If we look at the average trading volume of 219.49K shares, IMNN reached to a volume of 18767545 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Imunon Inc [IMNN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IMNN shares is $11.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IMNN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Imunon Inc is set at 0.10 The Price to Book ratio for the last quarter was 13.44, with the Price to Cash per share for the same quarter was set at 0.16.
Trading performance analysis for IMNN stock
Imunon Inc [IMNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.01. With this latest performance, IMNN shares dropped by -52.60% in over the last four-week period, additionally sinking by -40.28% over the last 6 months – not to mention a drop of -69.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IMNN stock in for the last two-week period is set at 17.59, with the RSI for the last a single of trading hit 12.92, and the three-weeks RSI is set at 22.81 for Imunon Inc [IMNN]. The present Moving Average for the last 50 days of trading for this stock 0.8462, while it was recorded at 0.4422 for the last single week of trading, and 0.9221 for the last 200 days.
Imunon Inc [IMNN]: A deeper dive into fundamental analysis
Imunon Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.88 and a Current Ratio set at 0.88.
Imunon Inc [IMNN]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IMNN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Imunon Inc go to 28.83%.
An analysis of Institutional ownership at Imunon Inc [IMNN]
The top three institutional holders of IMNN stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 0.11 million shares, which is approximately 1.184%. GEODE CAPITAL MANAGEMENT, LLC, holding 74653.0 shares of the stock with an approximate value of $$86627.0 in IMNN stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$67538.0 in IMNN stock with ownership which is approximately 0.6193%.
