Immersion Corporation (NASDAQ:IMMR) went down by -3.60% from its latest closing price compared to the recent 1-year high of $16.64. The company’s stock price has collected -3.71% of loss in the last five trading sessions. Press Release reported on 04/16/21 that Immersion to Report First Quarter 2021 Results and Host Quarterly Conference Call on May 6, 2021
Is It Worth Investing in Immersion Corporation (NASDAQ :IMMR) Right Now?
Immersion Corporation (NASDAQ:IMMR) scored a price-to-earnings ratio above its average ratio, recording 41.00 x from its present earnings ratio. Plus, the 36-month beta value for IMMR is at 1.80. Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for Immersion Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $13.50, which is $4.93 above the current price. IMMR currently public float of 26.32M and currently shorts hold a 3.58% ratio of that float. Today, the average trading volume of IMMR was 950.69K shares.
IMMR’s Market Performance
IMMR stocks went down by -3.71% for the week, with a monthly drop of -9.22% and a quarterly performance of -34.40%, while its annual performance rate touched 24.93%. The volatility ratio for the week stands at 6.66% while the volatility levels for the past 30 days are set at 4.60% for Immersion Corporation. The simple moving average for the period of the last 20 days is -3.28% for IMMR stocks with a simple moving average of -7.08% for the last 200 days.
Analysts’ Opinion of IMMR
Many brokerage firms have already submitted their reports for IMMR stocks, with Colliers Securities repeating the rating for IMMR by listing it as a “Buy.” The predicted price for IMMR in the upcoming period, according to Colliers Securities is $15 based on the research report published on December 29th of the previous year 2020.
Craig Hallum, on the other hand, stated in their research note that they expect to see IMMR reach a price target of $12, previously predicting the price at $9. The rating they have provided for IMMR stocks is “Buy” according to the report published on September 02nd, 2020.
Craig Hallum gave a rating of “Buy” to IMMR, setting the target price at $9 in the report published on March 06th of the previous year.
IMMR Trading at -11.18% from the 50-Day Moving Average
After a stumble in the market that brought IMMR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.50% of loss for the given period.
Volatility was left at 4.60%, however, over the last 30 days, the volatility rate increased by 6.66%, as shares sank -8.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.80% lower at present.
During the last 5 trading sessions, IMMR fell by -3.71%, which changed the moving average for the period of 200-days by +37.34% in comparison to the 20-day moving average, which settled at $8.82. In addition, Immersion Corporation saw -24.09% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at IMMR starting from Smith Jared, who sale 2,750 shares at the price of $10.13 back on Mar 17. After this action, Smith Jared now owns 26,034 shares of Immersion Corporation, valued at $27,858 using the latest closing price.
Smith Jared, the Interim CEO/VP Worldwide Sales of Immersion Corporation, sale 33,500 shares at $10.82 during a trade that took place back on Mar 15, which means that Smith Jared is holding 28,784 shares at $362,547 based on the most recent closing price.
Stock Fundamentals for IMMR
Current profitability levels for the company are sitting at:
- +5.65 for the present operating margin
- +95.84 for the gross margin
The net margin for Immersion Corporation stands at +17.73. The total capital return value is set at 2.22, while invested capital returns managed to touch 7.10. Equity return is now at value 9.20, with 5.70 for asset returns.
Based on Immersion Corporation (IMMR), the company’s capital structure generated 4.78 points at debt to equity in total, while total debt to capital is 4.56. Total debt to assets is 3.18, with long-term debt to equity ratio resting at 2.62. Finally, the long-term debt to capital ratio is 2.50.
When we switch over and look at the enterprise to sales, we see a ratio of 8.70, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 2.01 and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.47.