Immunovant Inc. (IMVT) - FA and TA
$Immunovant(IMVT.US$ surged after the company announced positive initial results from both cohorts, the single-ascending dose (SAD) portion and the multiple-ascending dose (MAD) portion of its early-stage study of IMVT-1402.
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?
![Immunovant Inc. (IMVT) - FA and TA](https://sgsnsimg.moomoo.com/feed_image/101760671/1a7dd0426ac1319ba5a4be3457d158d5.png/bigmoo)
Let us look at how its technical indicators are telling us about this stock.
Technical Analysis - Simple Moving Averages (SMA) - 50-day Period
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.
![Immunovant Inc. (IMVT) - FA and TA](https://sgsnsimg.moomoo.com/feed_image/101760671/55dec20a924e38cfacfb58e142ac785d.png/bigmoo)
Technical Analysis - Average Directional Index (ADX)
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.
![Immunovant Inc. (IMVT) - FA and TA](https://sgsnsimg.moomoo.com/feed_image/101760671/f3c74bf5bfe63677bb4625e13399e7f9.png/bigmoo)
Technical Analysis - Relative Strength Index (RSI)
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.
![Immunovant Inc. (IMVT) - FA and TA](https://sgsnsimg.moomoo.com/feed_image/101760671/b23e21c3edf33c30a76cd78b19136c13.png/bigmoo)
Summary
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.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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