The stock of Imperial Petroleum Inc (NASDAQ: IMPP) has increased by 2.42 when compared to last closing price of 4.34. Despite this, the company has experienced a 12.41% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-24 that Imperial Petroleum has shifted from aggressive dilution and related-party dealings to a more shareholder-friendly approach, marked by significant insider accumulation and a $10 million share buyback program. The company now boasts substantial insider ownership, halted dilution, and trades at a market cap significantly below its cash reserves and overall NAV, indicating multi-bagger potential. Despite a 172% share price rise over the past year, the stock still trades at a massive discount to NAV, suggesting further substantial gains ahead.
Is It Worth Investing in Imperial Petroleum Inc (NASDAQ: IMPP) Right Now?
The price-to-earnings ratio for Imperial Petroleum Inc (NASDAQ: IMPP) is above average at 3.16x, Company’s 36-month beta value is 1.17.Analysts have differing opinions on the stock, with 1 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 17.39M, and currently, short sellers hold a 16.57% ratio of that floaft. The average trading volume of IMPP on October 03, 2024 was 252.50K shares.
IMPP’s Market Performance
The stock of Imperial Petroleum Inc (IMPP) has seen a 12.41% increase in the past week, with a 3.50% rise in the past month, and a 19.35% gain in the past quarter. The volatility ratio for the week is 3.98%, and the volatility levels for the past 30 days are at 3.88% for IMPP. The simple moving average for the last 20 days is 8.33% for IMPP stock, with a simple moving average of 25.12% for the last 200 days.
IMPP Trading at 11.04% 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 -3.27% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 3.98%, as shares surge +4.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.44% upper at present.
During the last 5 trading sessions, IMPP rose by +13.04%, which changed the moving average for the period of 200-days by +108.64% in comparison to the 20-day moving average, which settled at $4.11. In addition, Imperial Petroleum Inc saw 68.18% 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:
- 0.32 for the present operating margin
- 0.31 for the gross margin
The net margin for Imperial Petroleum Inc stands at 0.37. The total capital return value is set at 0.12. Equity return is now at value 15.13, with 14.43 for asset returns.
Based on Imperial Petroleum Inc (IMPP), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 474.41. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 2414.64.
Currently, EBITDA for the company is 82.46 million with net debt to EBITDA at -1.26. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 2.54for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.40.
Conclusion
In a nutshell, Imperial Petroleum Inc (IMPP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
