The stock of Imperial Petroleum Inc. (IMPP) has gone down by -2.82% for the week, with a -39.71% drop in the past month and a -44.13% drop in the past quarter. The volatility ratio for the week is 11.93%, and the volatility levels for the past 30 days are 11.23% for IMPP. The simple moving average for the last 20 days is -15.36% for IMPP stock, with a simple moving average of -54.07% for the last 200 days.
Is It Worth Investing in Imperial Petroleum Inc. (NASDAQ: IMPP) Right Now?
Imperial Petroleum Inc. (NASDAQ: IMPP) has a higher price-to-earnings ratio of 1.04x compared to its average ratio.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The public float for IMPP is 189.22M, and currently, short sellers hold a 6.54% ratio of that float. The average trading volume of IMPP on March 17, 2023 was 7.15M shares.
IMPP) stock’s latest price update
Imperial Petroleum Inc. (NASDAQ: IMPP)’s stock price has increased by 2.42 compared to its previous closing price of 0.16. Despite this, the company has seen a fall of -2.82% in its stock price over the last five trading days.
The stock of Imperial Petroleum Inc. (IMPP) has gone down by -2.82% for the week, with a -39.71% drop in the past month and a -44.13% drop in the past quarter. The volatility ratio for the week is 11.93%, and the volatility levels for the past 30 days are 11.23% for IMPP. The simple moving average for the last 20 days is -15.36% for IMPP stock, with a simple moving average of -54.07% for the last 200 days.
IMPP Trading at -31.25% from the 50-Day Moving Average
After a stumble in the market that brought IMPP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.16% of loss for the given period.
Volatility was left at 11.23%, however, over the last 30 days, the volatility rate increased by 11.93%, as shares sank -30.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.00% lower at present.
During the last 5 trading sessions, IMPP rose by +2.53%, which changed the moving average for the period of 200-days by -66.16% in comparison to the 20-day moving average, which settled at $0.1913. In addition, Imperial Petroleum Inc. saw -31.48% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IMPP
Equity return is now at value 11.90, with 9.90 for asset returns.
Conclusion
To put it simply, Imperial Petroleum Inc. (IMPP) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
