Immersion Corp (IMMR) Stock: Analyzing the Market Value

Immersion Corp (NASDAQ: IMMR) has a higher price-to-earnings ratio of 6.96x compared to its average ratio, and the 36-month beta value for IMMR is at 1.49.

The public float for IMMR is 29.28M, and currently, shorts hold a 4.14% of that float. The average trading volume for IMMR on February 12, 2024 was 14.41 shares.

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IMMR) stock’s latest price update

The stock of Immersion Corp (NASDAQ: IMMR) has increased by 8.01 when compared to last closing price of 10.50.Despite this, the company has seen a gain of 16.43% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-09 that In the closing of the recent trading day, Immersion (IMMR) stood at $7.05, denoting a +1.59% change from the preceding trading day.

IMMR’s Market Performance

IMMR’s stock has risen by 16.43% in the past week, with a monthly rise of 19.03% and a quarterly rise of 19.74%. The volatility ratio for the week is 2.02% while the volatility levels for the last 30 days are 2.35% for Immersion Corp The simple moving average for the last 20 days is -47.02% for IMMR’s stock, with a simple moving average of Nov 13 BMO for the last 200 days.

Analysts’ Opinion of IMMR

Many brokerage firms have already submitted their reports for IMMR stocks, with BWS Financial repeating the rating for IMMR by listing it as a “Buy.” The predicted price for IMMR in the upcoming period, according to BWS Financial is $11 based on the research report published on February 06, 2023 of the previous year 2023.

IMMR Trading at -32.30% 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 -13.40% of loss for the given period.

Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares surge +13.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.83% upper at present.

During the last 5 trading sessions, IMMR rose by +11.92%, which changed the moving average for the period of 200-days by +14.24% in comparison to the 20-day moving average, which settled at $6.97. In addition, Immersion Corp saw 13.46% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at IMMR starting from TORO 18 HOLDINGS LLC, who purchase 11,281 shares at the price of $7.60 back on Dec 06. After this action, TORO 18 HOLDINGS LLC now owns 1,544,147 shares of Immersion Corp, valued at $85,736 using the latest closing price.

TORO 18 HOLDINGS LLC, the 10% Owner of Immersion Corp, purchase 14,380 shares at $7.73 during a trade that took place back on Dec 05, which means that TORO 18 HOLDINGS LLC is holding 1,532,866 shares at $111,169 based on the most recent closing price.

Stock Fundamentals for IMMR

Equity return is now at value 24.11, with 20.05 for asset returns.

Conclusion

In conclusion, Immersion Corp (IMMR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

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