FY2024 Earnings Forecast for Immuneering Co. Issued By Chardan Capital (NASDAQ:IMRX)

Immuneering Co. (NASDAQ:IMRXFree Report) – Stock analysts at Chardan Capital upped their FY2024 earnings per share (EPS) estimates for Immuneering in a research report issued on Monday, September 16th. Chardan Capital analyst G. Livshits now forecasts that the company will earn ($1.61) per share for the year, up from their previous forecast of ($1.64). Chardan Capital has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Immuneering’s current full-year earnings is ($1.90) per share. Chardan Capital also issued estimates for Immuneering’s FY2025 earnings at ($0.75) EPS.

Immuneering (NASDAQ:IMRXGet Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.05.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Immuneering in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Immuneering presently has an average rating of “Moderate Buy” and an average target price of $12.60.

Check Out Our Latest Analysis on Immuneering

Immuneering Trading Up 6.1 %

IMRX stock opened at $2.42 on Wednesday. The firm has a 50-day moving average price of $1.28 and a 200-day moving average price of $1.82. Immuneering has a 12 month low of $1.00 and a 12 month high of $9.00. The stock has a market capitalization of $71.76 million, a P/E ratio of -1.29 and a beta of -0.61.

Institutional Trading of Immuneering

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Immuneering by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 1,203,666 shares of the company’s stock valued at $3,479,000 after acquiring an additional 129,851 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Immuneering in the second quarter worth $67,000. Renaissance Technologies LLC acquired a new stake in Immuneering in the second quarter valued at $447,000. XTX Topco Ltd raised its position in Immuneering by 37.3% during the 2nd quarter. XTX Topco Ltd now owns 34,159 shares of the company’s stock worth $44,000 after purchasing an additional 9,274 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Immuneering during the 2nd quarter worth about $492,000. 67.65% of the stock is owned by institutional investors and hedge funds.

About Immuneering

(Get Free Report)

Immuneering Corporation, a clinical-stage oncology company, engages in the development of medicines for broad populations of cancer patients. Its lead product candidates include IMM-1-104, a dual-MEK inhibitor currently under Phase 1/2a clinical trial to treat patients with cancer, including pancreatic, melanoma, colorectal, and non-small cell lung cancer caused by mutations of RAS and/or RAF; and IMM-6-415 is in Investigational New Drug application to treat solid tumors.

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Earnings History and Estimates for Immuneering (NASDAQ:IMRX)

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