Immutep Limited (NASDAQ:IMMP): The Stock for Success Over the Next Few Months

In the last trading session, 1,123,014 Immutep Limited(NASDAQ:IMMP) shares changed hands as the company’s beta touched 0. With the company’s per share price at $3.08 changed hands at -$0.06 or -0.02% during last session, the market valuation stood at $202.79 Million. IMMP’s last price was a discount, traded about -158.12% off its 52-week high of $7.95. The share price had its 52-week low at $0.53, which suggests the last value was 82.79% up since then. When we look at Immutep Limited’s average trading volume, we note the 10-day average is 2.64 Million shares, with the 3-month average coming to 5.99 Million.

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Analysts gave the Immutep Limited (IMMP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 5 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended IMMP as a Hold, 5 felt it is a Buy and none rated the stock as Underweight. Immutep Limited’s EPS for the current quarter is expected to be $0.

Although IMMP has turned red as seen at the end of in last trading. With action -1.91%, the performance over the past five days has been green. The jump to weekly highs of $3.30- on Wednesday, Dec 30 added 6.67% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.02%, with the 5-day performance at 0.05% in the green. However, in the 30-day time frame, Immutep Limited (NASDAQ:IMMP) is 0.51% up. Looking at the short shares, we see there were 996.42 Million shares sold at short interest cover period of 166.35 days.

The consensus price target for the stock as assigned by Wall Street analysts is $6.02, meaning bulls need an upside of 95.45% from its current market value. According to analyst projections, IMMP’s forecast low is $4.28 with $8 as the target high. To hit the forecast high, the stock’s price needs a +159.74% upsurge from its current level, while the stock would need to tank 38.96% for it to hit the projected low.

Immutep Limited (IMMP) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Immutep Limited earnings to decrease by 0%, but the outlook for the next 5-year period is at 0% per year.

Immutep Limited (NASDAQ:IMMP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0% of Immutep Limited shares while 1.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.25%. There are 7 institutions holding the Immutep Limited stock share, with Renaissance Technologies, LLC the top institutional holder. As of Sep 29, 2020, the company held 0.99% of the shares, roughly 38.44 Thousand IMMP shares worth $66.49 Thousand.

Morgan Stanley holds the second largest percentage of outstanding shares, with 0.38% or 14.84 Thousand shares worth $25.67 Thousand as of Sep 29, 2020.

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