Immersion Corp (NASDAQ: IMMR) has a price-to-earnings ratio of 7.89x that is above its average ratio. Additionally, the 36-month beta value for IMMR is 1.41. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for IMMR is 28.90M and currently, short sellers hold a 4.54% ratio of that float. The average trading volume of IMMR on May 09, 2024 was 597.28K shares.
IMMR) stock’s latest price update
Immersion Corp (NASDAQ: IMMR)’s stock price has increased by 8.72 compared to its previous closing price of 7.51. However, the company has seen a 12.47% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Immersion (IMMR) came out with quarterly earnings of $0.59 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.25 per share a year ago.
IMMR’s Market Performance
Immersion Corp (IMMR) has experienced a 12.47% rise in stock performance for the past week, with a 11.24% rise in the past month, and a 17.65% rise in the past quarter. The volatility ratio for the week is 2.32%, and the volatility levels for the past 30 days are at 2.24% for IMMR. The simple moving average for the past 20 days is 12.94% for IMMR’s stock, with a 17.62% simple moving average for the past 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.
Colliers Securities gave a rating of “Buy” to IMMR, setting the target price at $15 in the report published on December 29th of the previous year.
IMMR Trading at 11.50% 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 -5.28% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +11.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.73% upper at present.
During the last 5 trading sessions, IMMR rose by +11.91%, which changed the moving average for the period of 200-days by +14.44% in comparison to the 20-day moving average, which settled at $7.27. In addition, Immersion Corp saw 15.65% 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 Nader Elias, who sale 13,000 shares at the price of $8.22 back on Mar 13 ’24. After this action, Nader Elias now owns 29,266 shares of Immersion Corp, valued at $106,863 using the latest closing price.
TORO 18 HOLDINGS LLC, the 10% Owner of Immersion Corp, purchase 11,281 shares at $7.60 during a trade that took place back on Dec 06 ’23, which means that TORO 18 HOLDINGS LLC is holding 1,544,147 shares at $85,736 based on the most recent closing price.
Stock Fundamentals for IMMR
Current profitability levels for the company are sitting at:
- 0.53 for the present operating margin
- 0.99 for the gross margin
The net margin for Immersion Corp stands at 1.0. The total capital return value is set at 0.09. Equity return is now at value 19.94, with 16.74 for asset returns.
Based on Immersion Corp (IMMR), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 528.21. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -15.86.
Currently, EBITDA for the company is 18.32 million with net debt to EBITDA at -3.1. When we switch over and look at the enterprise to sales, we see a ratio of 5.97. The receivables turnover for the company is 3.4for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.93.
Conclusion
In conclusion, Immersion Corp (IMMR) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
