Imunon Inc logo

Imunon Inc(IMNN)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.47
09/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for IMNN

09/23/2026: IMNN (1-star) is currently NOT-A-BUY. Pass it for now.

Imunon Inc is a clinical-stage biotechnology company developing DNA-based immunotherapies for cancer and infectious diseases. Its primary value proposition rests on the proprietary TheraPlas platform, which aims to provide effective treatments with improved safety profiles. The company's main strength is its specialized R&D focus, while its most significant risk involves the high uncertainty of clinical trial success and its dependence on external capital. As a pre-revenue firm with no commercial products, the stock is speculative and best suited for investors with a very high risk tolerance. Future developments to monitor include upcoming clinical trial data and potential strategic partnerships with larger pharmaceutical entities.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company is in an early, high-risk stage without proven commercial growth.
Momentum investorWeak fitThe stock lacks the sustained upward price action typically required for momentum strategies.
Value investorWeak fitThere are no earnings or cash flows to support traditional value-based valuation models.
Dividend investorWeak fitThe company does not pay dividends and reinvests all capital into R&D.
Low-risk investorWeak fitBiotechnology R&D poses extreme volatility and binary success-or-failure risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical-stage stocks frequently experience sharp price swings based on trial data and financing news.
Valuation riskHighValuation is speculative and heavily dependent on uncertain future clinical success.
Competition risk (Pharma/Biotech)HighLarge incumbents have significantly more resources for drug development and commercialization.
Business qualityMediumThe company is an R&D venture without current commercial operations or sustainable cash flow.
Dividend incomeLow / noneThis investment provides zero income to shareholders.
Execution riskHighClinical trials are complex and often fail to meet endpoints required for regulatory approval.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -73.94%
Avg. Invested days 10
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
IMNN receives a 3-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
IMNN has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, solid earnings growth (+22.2%) is partially offset by soft cash generation (FCF margin 0.0%), slightly negative revenue growth (+0.0%), soft profitability (net margin 0.0%).

Financial Health Rating

★★★★★
IMNN's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is IMNN's strongest growth driver at +24.9% FY2025 versus FY2024 (solid, 4 stars). By comparison, earnings growth (+22.2%, solid) is also solid, while revenue growth (+0.0%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 5.7% and approximately 94.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 5.73% supports management-shareholder alignment.

Top 5 Institutional Investors

Armistice Capital, LLC 6.21%
Vanguard Capital Management, LLC 0.86%
Riverview Capital Advisers LLC 0.61%
Geode Capital Management, LLC 0.59%
Vanguard Fiduciary Trust Co 0.24%

Unit Economics (Per $1K Revenue)

★★★★★
IMNN generates approximately $0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
IMNN has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 8.25M USD
Price to earnings Ratio -
1Y Target Price 17
Price to earnings Ratio -
1Y Target Price 17
Volume (30-day avg) 109.8K shares
Beta 1.98
52 Weeks Range 1.33 - 5.55
Updated Date 09/23/2026
52 Weeks Range 1.33 - 5.55
Updated Date 09/23/2026
Dividends yield (FY) -
Basic EPS (TTM) -2.92

How Company Makes Money

Business areaWhat it includesRetail investor read
Clinical Stage ResearchOngoing clinical trials for IMNN-001 and potential development of PLACCINE.The company currently burns cash to conduct science and has no product sales.
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Valuation

Trailing PE -
Forward PE 16.78
Enterprise Value 9.45M
Price to Sales(TTM) 17.94
Enterprise Value 9.45M
Price to Sales(TTM) 17.94
Enterprise Value to Revenue 4
Enterprise Value to EBITDA 0.91
Shares Outstanding 5.61M
Shares Floating 5.28M
Shares Outstanding 5.61M
Shares Floating 5.28M
Percent Insiders 5.73
Percent Institutions 5.68

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Imunon Inc

Exchange NASDAQ
Headquarters Lawrenceville, NJ, United States
IPO Launch date 1999-03-01
President, CEO & Director Dr. Stacy R. Lindborg Ph.D.
Sector Healthcare
Industry Biotechnology
Full time employees 20
Full time employees 20

Imunon, Inc., a clinical-stage biotechnology company, focuses on developing immunotherapies and vaccines in the United States. The company's lead clinical program is IMNN-001, a DNA-based immunotherapy that is in a Phase 3 clinical trial for the localized treatment of advanced ovarian cancer, as well as in the IND-enabling phase for colorectal and pancreatic cancers, and in the discovery phase for glioblastoma. It is also developing IMNN-101, a COVID-19 booster vaccine that has completed a Phase 1 clinical trial. In addition, the company develops non-viral DNA technology across modalities, such as TheraPlas for the coding of proteins and cytokines in the treatment of solid tumors; and PlaCCine for the coding of viral antigens that can elicit a strong immunological response. The company was formerly known as Celsion Corporation and changed its name to Imunon, Inc. in September 2022. Imunon, Inc. was incorporated in 1982 and is headquartered in Lawrenceville, New Jersey.