Should Investors Trust The Upside Potential In Imunon Inc (IMNN)?

Imunon Inc (NASDAQ:IMNN) currently has a daily average trading volume of 2.81M but it saw 1166639 shares traded in last market. With a market cap of 13.77M USD, the company’s current market price of $0.96 came falling about -11.44 while comparing to the previous closing price of $1.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.65 and as low as $0.48. In the recent trading on the day, stock has struck highest price mark of $0.9266 while lowest mark touched by it was $1.1098.

Taking a look at 20-day trading activity of Imunon Inc (IMNN) gives us an average price of $1.2975, while its current price level is -73.80% below from 52-week high level whereas it is 99.25% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2668 while that of 200 days or SMA-200 reads an average of $1.0578. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.04% during that period while stretching the period over a month that increases to 14.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.92 which implies that the stock is in neutral territory.

Over the week, IMNN’s stock price is moving -10.62% down while it is -32.17% when we observe its performance for the past one month. Year-to-date it is 40.65% up and over the past year, the stock is showing a downside performance of -18.95%.

Currently, Imunon Inc’s total number of outstanding shares is 14.40M with 0.75% of that held by the insiders while 10.92% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -198.29% and return on equity (ROE) at -107.28%. Stock’s beta reads 2.16. Stock has a price to book (P/B) ratio of 1.06. Its return on asset (ROA) is -66.82% on average.