QuarterHawk — Equity ResearchQuarterHawk — Equity Research

Immunome, Inc. (IMNM)

Healthcare

No action
Fundamental
3
Sentiment
2
Technical
2

Do Nothing: no run-date source in a partial run (runDate absent; inherited currentDate 2026-09-11 untrusted), so chart and event windows cannot be anchored; and qualitatives.qualitativeScore is 2, below the required floor of 3. No trade plan is emitted.

Analysis as of 2026-09-11· more than 2 trading days ago

Company overview

Immunome, Inc. is a biotechnology company focused on developing antibody-drug conjugates and oncology therapeutics in the United States. Its lead clinical assets include Varegacestat, a gamma secretase inhibitor in Phase 3 trials, and IM-1021, an ADC in Phase 1 trials. The company also works on preclinical assets targeting solid tumors and fibroblast activation protein.

Fundamental

fair
Fundamental3
Mixed fundamentals

Immunome has a strong cash position but remains pre-revenue with high cash burn and negative free cash flow.

Mixed fundamentals: the company has a sizable cash runway and meaningful regulatory progress on its lead program, but it remains pre-revenue on a trailing basis with heavy cash burn and negative free-cash-flow yield. With high volatility and a discounted-cash-flow estimate far below the current share price, the risk/reward is driven primarily by clinical and regulatory execution rather than current operating profitability.

Sentiment

weak
Sentiment2
Weak sentiment

Sentiment is weak with no immediate catalysts or significant retail interest, and media coverage is slightly positive but not impactful.

Dominant catalyst is the varegacestat NDA under FDA review (announced; PDUFA April 2027) — real but digested and outside the 30-day horizon; the news delta is determinate but flat-to-slightly-positive (+0.012 baseline → +0.067 scoring, both near zero) with no in-window market-rewarded bullish event beyond a routine $40 price-target reiteration; the red-flag screen fired no severe or moderate flags, and the setup is weak/forming without a near-term driver.

Technical

weak
Technical2
Downtrend in progress

The stock is in a downtrend with strong ADX, oversold RSI, and no momentum reclaim, holding only above the SMA200.

Price 24.67 sits below SMA20 (27.47), SMA50 (25.27), EMA9 (26.26), EMA21 (26.59), WMA/DEMA/TEMA and daily VWAP (25.00) after three consecutive down sessions from 27.25; ADX14 50.77 confirms a strong trend that is pointing DOWN given price below all short/intermediate averages, RSI14 39.27 and Williams %R -98.63 are oversold but without a bullish turn, and MACD line is barely above zero (0.08) with a negative histogram (-0.55), i.e. momentum is rolling over, not re-engaging. The only bullish context is the hold above the rising SMA200 (22.48). Net chart quality is bounce-only/neutral-bearish (raw ~2), and the score is additionally capped at 2 by the stale-feed gate: no run-date source exists in this partial run, so no current chart can be certified.

You’re looking at 2026-09-11 — more than 2 trading days ago.

Subscribers saw this then, and see today’s score, verdict and trade plan now.

Not financial advice. For informational and educational purposes only.