ImmunoGen, Inc. (IMGN) : From Top to Bottom

ImmunoGen, Inc. (NASDAQ:IMGN) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $2.43, up from yesterday’s close by -1.22%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. ImmunoGen, Inc. (IMGN) currently trades with a market capitalization of $212.14M. That value represents a market adjusting for revenues that have been falling by -48.40% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For IMGN, the company currently has $196.00M of cash on the books, which is offset by $96.79M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-53.56M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of -0.38 on a per share basis this quarter. Perhaps, that suggests something about why 91.70% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, ImmunoGen, Inc. recorded a 52-week high of 10.22. It is now trading 7.76 off that level. The stock is trading 1.93 its 50-day moving average by -0.53. The stock carved out a 52-week low down at 1.51.

In recent action, ImmunoGen, Inc. (IMGN) has made a move of +36.52% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 93.88, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 76.19M with 20.89% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of IMGN.

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