Immersion Corp (NASDAQ: IMMR) has a higher price-to-earnings ratio of 9.62x compared to its average ratio, The 36-month beta value for IMMR is at 1.51. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for IMMR is 28.45M, and currently, shorts hold a 6.41% of that float. The average trading volume for IMMR on July 24, 2024 was 637.83K shares.
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IMMR) stock’s latest price update
The stock of Immersion Corp (NASDAQ: IMMR) has increased by 3.51 when compared to last closing price of 12.82.Despite this, the company has seen a gain of 8.95% in its stock price over the last five trading days. investorplace.com reported 2024-07-18 that Listing top stock picks with high growth potential is about mining opportunities. It’s about strategic and sharp investment decision-making.
IMMR’s Market Performance
IMMR’s stock has risen by 8.95% in the past week, with a monthly rise of 29.09% and a quarterly rise of 83.54%. The volatility ratio for the week is 6.71% while the volatility levels for the last 30 days are 4.36% for Immersion Corp The simple moving average for the last 20 days is 25.72% for IMMR’s stock, with a simple moving average of 71.50% 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.
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 31.44% 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 -0.34% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 6.71%, as shares surge +34.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +64.23% upper at present.
During the last 5 trading sessions, IMMR rose by +8.95%, which changed the moving average for the period of 200-days by +100.76% in comparison to the 20-day moving average, which settled at $10.73. In addition, Immersion Corp saw 87.96% 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 DODSON J MICHAEL, who sale 4,947 shares at the price of $10.68 back on Jun 13 ’24. After this action, DODSON J MICHAEL now owns 45,053 shares of Immersion Corp, valued at $52,834 using the latest closing price.
Nader Elias, the Director of Immersion Corp, sale 13,000 shares at $8.22 during a trade that took place back on Mar 13 ’24, which means that Nader Elias is holding 29,266 shares at $106,863 based on the most recent closing price.
Stock Fundamentals for IMMR
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 1.0 for the gross margin
The net margin for Immersion Corp stands at 0.63. The total capital return value is set at 0.15. Equity return is now at value 24.16, with 20.08 for asset returns.
Based on Immersion Corp (IMMR), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 5.05. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 8.91.
Currently, EBITDA for the company is 18.32 million with net debt to EBITDA at -2.89. When we switch over and look at the enterprise to sales, we see a ratio of 4.69. The receivables turnover for the company is 5.66for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.44.
Conclusion
In conclusion, Immersion Corp (IMMR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
