The stock of Immersion Corp (IMMR) has seen a 4.91% increase in the past week, with a 10.57% gain in the past month, and a 6.45% flourish in the past quarter. The volatility ratio for the week is 6.23%, and the volatility levels for the past 30 days are at 4.20% for IMMR. The simple moving average for the past 20 days is 5.96% for IMMR’s stock, with a 4.44% simple moving average for the past 200 days.
Is It Worth Investing in Immersion Corp (NASDAQ: IMMR) Right Now?
Immersion Corp (NASDAQ: IMMR) has a price-to-earnings ratio that is above its average at 4.60x. The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for IMMR is 28.73M, and at present, short sellers hold a 10.94% of that float. On December 16, 2024, the average trading volume of IMMR was 636.78K shares.
IMMR) stock’s latest price update
The stock of Immersion Corp (NASDAQ: IMMR) has increased by 3.14 when compared to last closing price of 9.15.Despite this, the company has seen a gain of 4.91% in its stock price over the last five trading days. zacks.com reported 2024-12-16 that Immersion (IMMR) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.08 per share a year ago.
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 8.78% 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 -32.26% of loss for the given period.
Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 6.23%, as shares surge +11.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.44% upper at present.
During the last 5 trading sessions, IMMR rose by +4.55%, which changed the moving average for the period of 200-days by +37.76% in comparison to the 20-day moving average, which settled at $8.91. In addition, Immersion Corp saw 33.74% 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 Singer Eric, who purchase 50,000 shares at the price of $8.77 back on Aug 27 ’24. After this action, Singer Eric now owns 1,912,867 shares of Immersion Corp, valued at $438,425 using the latest closing price.
Wasch Childress Frederick, the Director of Immersion Corp, purchase 1,155 shares at $8.68 during a trade that took place back on Aug 28 ’24, which means that Wasch Childress Frederick is holding 66,098 shares at $10,020 based on the most recent closing price.
Stock Fundamentals for IMMR
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.95 for the gross margin
The net margin for Immersion Corp stands at 0.17. The total capital return value is set at -0.22. Equity return is now at value 33.11, with 9.53 for asset returns.
Based on Immersion Corp (IMMR), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -44.3.
Currently, EBITDA for the company is 17.99 million with net debt to EBITDA at 1.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
To sum up, Immersion Corp (IMMR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
