Imperial Petroleum Inc (IMPP) Stock: Analyzing the Quarterly Movement

The stock of Imperial Petroleum Inc (IMPP) has gone up by 14.19% for the week, with a 14.19% rise in the past month and a 31.06% rise in the past quarter. The volatility ratio for the week is 5.12%, and the volatility levels for the past 30 days are 5.24% for IMPP. The simple moving average for the past 20 days is 11.65% for IMPP’s stock, with a 43.61% simple moving average for the past 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 0.09x compared to its average ratio. IMPP has 36-month beta value of 1.19. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for IMPP is 5.85M, and currently, short sellers hold a 64.94% ratio of that float. The average trading volume of IMPP on April 03, 2024 was 539.39K shares.

IMPP) stock’s latest price update

Imperial Petroleum Inc (NASDAQ: IMPP)’s stock price has soared by 7.12 in relation to previous closing price of 3.23. Nevertheless, the company has seen a gain of 14.19% in its stock price over the last five trading days. InvestorPlace reported 2024-03-14 that Short-squeeze stocks may have fallen out of wider investor awareness and favor post-Gamestop (NYSE: GME ), but that doesn’t mean short-squeeze stocks don’t offer valuable trading opportunities today. Reasons for high short interest range wildly from poor earnings, a fundamentally weak company or misaligned company positioning compared to wider sentiment.

IMPP Trading at 10.07% 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 -23.54% of loss for the given period.

Volatility was left at 5.24%, however, over the last 30 days, the volatility rate increased by 5.12%, as shares surge +14.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.81% upper at present.

During the last 5 trading sessions, IMPP rose by +14.19%, which changed the moving average for the period of 200-days by -13.07% in comparison to the 20-day moving average, which settled at $3.12. In addition, Imperial Petroleum Inc saw 31.06% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for IMPP

Current profitability levels for the company are sitting at:

  • 0.36 for the present operating margin
  • 0.4 for the gross margin

The net margin for Imperial Petroleum Inc stands at 0.39. The total capital return value is set at 0.18. Equity return is now at value 22.09, with 19.16 for asset returns.

Currently, EBITDA for the company is 82.46 million with net debt to EBITDA at -1.06. When we switch over and look at the enterprise to sales, we see a ratio of -0.18. The receivables turnover for the company is 3.57for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.61.

Conclusion

To put it simply, Imperial Petroleum Inc (IMPP) has had a better 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.

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