Just the Facts on ImmunoGen, Inc. (IMGN)

ImmunoGen, Inc. (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 $9.83, up from yesterday’s close by 3.26%. 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

ImmunoGen, Inc. (IMGN) currently trades with a market capitalization of $1.49 Billion. That value represents a market adjusting for revenues that have been falling by -30.47 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$11.05 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.29 on a per share basis this quarter. Perhaps, that suggests something about why 1.80% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how IMGN has been acting. Looking at the stock’s movement on the chart, ImmunoGen, Inc. recorded a 52-week high of $13.41. It is now trading 3.58% off that level. The stock is trading $10.49 its 50-day moving average by 0.66%. The stock carved out a 52-week low down at $4.26.

In recent action, ImmunoGen, Inc. (IMGN) has made a move of -9.32% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, 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 10.09% with $131.40 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of IMGN.

Previous articleThe Case for and Against iRobot Corporation (IRBT)
Next articleTaking a Look at the Data Behind SunTrust Banks, Inc. (STI)