I-Mab ADR [NASDAQ: IMAB] price surged by 27.93 percent to reach at $0.5.
The one-year IMAB stock forecast points to a potential upside of 57.59. The average equity rating for IMAB stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on I-Mab ADR [IMAB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IMAB shares is $5.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IMAB stock is a recommendation set at 1.00. 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.
Siebert Williams Shank have made an estimate for I-Mab ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 09, 2021. While these analysts kept the previous recommendation, Daiwa Securities raised their target price to Buy. The new note on the price target was released on June 02, 2021, representing the official price target for I-Mab ADR stock. Previously, the target price had yet another raise to $75, while Needham analysts kept a Buy rating on IMAB stock. On March 03, 2021, analysts increased their price target for IMAB shares from 55 to 75.
The Average True Range (ATR) for I-Mab ADR is set at 0.21 The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 2.14.
IMAB Stock Performance Analysis:
I-Mab ADR [IMAB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 81.75. With this latest performance, IMAB shares gained by 156.99% in over the last four-week period, additionally plugging by 134.87% over the last 6 months – not to mention a rise of 44.94% 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 IMAB stock in for the last two-week period is set at 86.59, with the RSI for the last a single of trading hit 89.40, and the three-weeks RSI is set at 83.46 for I-Mab ADR [IMAB]. The present Moving Average for the last 50 days of trading for this stock 0.9500, while it was recorded at 1.7100 for the last single week of trading, and 1.0300 for the last 200 days.
Insight into I-Mab ADR Fundamentals:
I-Mab ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 22.35 and a Current Ratio set at 22.35.
I-Mab ADR [IMAB] Institutonal Ownership Details
The top three institutional holders of IMAB stocks are: HHLR ADVISORS, LTD. with ownership of 6.91 million shares, which is approximately 7.7935%. CALIGAN PARTNERS LP, holding 3.37 million shares of the stock with an approximate value of $$5.64 million in IMAB stocks shares; and CALIGAN PARTNERS LP, currently with $$2.3 million in IMAB stock with ownership which is approximately 1.5559%.
