Igm Biosciences Stock Price on February 29, 2024
| IGMS Stock | USD 9.22 0.07 0.75% |
Below is the normalized historical share price chart for IGM Biosciences extending back to September 18, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IGM Biosciences stands at 9.22, as last reported on the 19th of May, with the highest price reaching 9.70 and the lowest price hitting 9.02 during the day.
If you're considering investing in IGM Stock, it is important to understand the factors that can impact its price. IGM Biosciences holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of volatility over the last 3 months. IGM Biosciences exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IGM Biosciences' risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.48) to validate the risk estimate we provide.
At this time, IGM Biosciences' Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 444.6 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 28.6 M in 2024. . At this time, IGM Biosciences' Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.21 in 2024, whereas Price Earnings Ratio is likely to drop (1.85) in 2024. IGM Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of September 2019 | 200 Day MA 8.4915 | 50 Day MA 9.2714 | Beta 0.257 |
IGM |
Sharpe Ratio = -0.1064
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| Negative Returns | IGMS |
Estimated Market Risk
| 6.3 actual daily | 55 55% of assets are less volatile |
Expected Return
| -0.67 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IGM Biosciences is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IGM Biosciences by adding IGM Biosciences to a well-diversified portfolio.
Price Book 2.6496 | Enterprise Value Ebitda (0.95) | Price Sales 252.81 | Shares Float 1.5 B | Wall Street Target Price 22.56 |
IGM Biosciences Valuation on February 29, 2024
It is possible to determine the worth of IGM Biosciences on a given historical date. On February 29, 2024 IGM was worth 14.01 at the beginning of the trading date compared to the closed value of 12.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IGM Biosciences stock. Still, in general, we apply an absolute valuation method to find IGM Biosciences' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IGM Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IGM Biosciences' related companies.
| Open | High | Low | Close | Volume | |
| 14.03 | 14.56 | 13.51 | 13.69 | 97,382 | |
02/29/2024 | 14.01 | 14.45 | 12.51 | 12.63 | 184,462 |
| 12.70 | 13.78 | 12.56 | 12.65 | 376,202 |
| Backtest IGM Biosciences | | | IGM Biosciences History | | | IGM Biosciences Valuation | Previous | Next |
IGM Biosciences Trading Date Momentum on February 29, 2024
| On March 01 2024 IGM Biosciences was traded for 12.65 at the closing time. The top price for the day was 13.78 and the lowest listed price was 12.56 . The trading volume for the day was 376.2 K. The trading history from March 1, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 0.16% . The trading delta at closing time against the current closing price is 0.24% . |
IGM Biosciences Fundamentals Correlations and Trends
By evaluating IGM Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IGM Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IGM financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IGM Biosciences Stock history
IGM Biosciences investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IGM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IGM Biosciences will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IGM Biosciences stock prices may prove useful in developing a viable investing in IGM Biosciences
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 52.3 M | 28.6 M | |
| Net Loss | -199 M | -189 M |
IGM Biosciences Quarterly Net Working Capital |
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IGM Biosciences Stock Technical Analysis
IGM Biosciences technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
IGM Biosciences Period Price Range
Low | February 29, 2024
| High |
14.01 | 12.63 |
IGM Biosciences May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how IGM Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IGM Biosciences shares will generate the highest return on investment. By undertsting and applying IGM Biosciences stock market strength indicators, traders can identify IGM Biosciences entry and exit signals to maximize returns
| Accumulation Distribution | 24765.14 | |||
| Daily Balance Of Power | (0.71) | |||
| Rate Of Daily Change | 0.9 | |||
| Day Median Price | 13.48 | |||
| Day Typical Price | 13.2 | |||
| Price Action Indicator | (1.54) | |||
| Period Momentum Indicator | (3.41) |
IGM Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IGM Biosciences' price direction in advance. Along with the technical and fundamental analysis of IGM Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of IGM to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.52) | |||
| Treynor Ratio | (0.49) |
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IGM Biosciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy IGM Stock please use our How to Invest in IGM Biosciences guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for IGM Stock analysis
When running IGM Biosciences' price analysis, check to measure IGM Biosciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IGM Biosciences is operating at the current time. Most of IGM Biosciences' value examination focuses on studying past and present price action to predict the probability of IGM Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Biosciences' price. Additionally, you may evaluate how the addition of IGM Biosciences to your portfolios can decrease your overall portfolio volatility.
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Is IGM Biosciences' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IGM Biosciences. If investors know IGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IGM Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.21) | Revenue Per Share 0.037 | Quarterly Revenue Growth (0.05) | Return On Assets (0.38) | Return On Equity (1.18) |
The market value of IGM Biosciences is measured differently than its book value, which is the value of IGM that is recorded on the company's balance sheet. Investors also form their own opinion of IGM Biosciences' value that differs from its market value or its book value, called intrinsic value, which is IGM Biosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IGM Biosciences' market value can be influenced by many factors that don't directly affect IGM Biosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IGM Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if IGM Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IGM Biosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.