Immunovant Inc. (IMVT) - FA and TA

One of the thing I look out for this stock is its debt in the balance sheet, it only have 10% of its total asset, but question remain whether they would be able to sustain cash burn before they turn profitable or rather when will their cash run out?

Let us look at how its technical indicators are telling us about this stock.

Stock trading above 50-day period moving average by a huge margin, it should continue its upside for some time.

But I think we also need to monitor the price action in case of any correction.

ADX is between 20 and 40 which indicate developing trend, hence there might be some correction while IMVT continue its bullish upside move.

+DI is above -DI suggesting a bullish upside trend.

RSI is in overbought region which suggest that investors are positive and would be in buying mode.

We should see more buying activities for this stock.

From IMVT low debt ratio, I would expect they will have plans to better use their money. Because they are in the business of drug development, and the operating cost is expensive.

I do see potential in this stock and I would continue to watch their development and also their next earnings release.

Appreciate if you could share your thoughts in the comment section whether you think IMVT would be a stock you will look out for?

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.