Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $9.09 in the prior trading day, Immersion Corp (NASDAQ: IMMR) closed at $8.68, down -4.51%. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 0.97 million shares were traded. IMMR stock price reached its highest trading level at $9.17 during the session, while it also had its lowest trading level at $8.57.
Ratios:
Our goal is to gain a better understanding of IMMR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 1.22 whereas as Long-Term Debt/Eq ratio is at 0.94.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BWS Financial on February 06, 2023, initiated with a Buy rating and assigned the stock a target price of $11.
Colliers Securities reiterated its Buy rating for the stock on December 29, 2020, while the target price for the stock was revised from $13 to $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 27 ’24 when Singer Eric bought 50,000 shares for $8.77 per share. The transaction valued at 438,425 led to the insider holds 1,912,867 shares of the business.
Wasch Childress Frederick bought 1,155 shares of IMMR for $10,020 on Aug 28 ’24. The Director now owns 66,098 shares after completing the transaction at $8.68 per share. On Aug 27 ’24, another insider, MARTIN WILLIAM C, who serves as the Chief Strategy Officer of the company, bought 15,000 shares for $8.81 each. As a result, the insider paid 132,124 and bolstered with 1,364,265 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IMMR now has a Market Capitalization of 280153088 and an Enterprise Value of 769646720. As of this moment, Immersion’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 4.718 whereas that against EBITDA is 13.365.
Stock Price History:
Over the past 52 weeks, IMMR has reached a high of $13.94, while it has fallen to a 52-week low of $6.54. The 50-Day Moving Average of the stock is -0.78%, while the 200-Day Moving Average is calculated to be -4.62%.
Shares Statistics:
The stock has traded on average 750.15K shares per day over the past 3-months and 1757900 shares per day over the last 10 days, according to various share statistics. A total of 32.28M shares are outstanding, with a floating share count of 28.73M. Insiders hold about 10.97% of the company’s shares, while institutions hold 59.78% stake in the company. Shares short for IMMR as of 1732838400 were 3144015 with a Short Ratio of 4.19, compared to 1730332800 on 3390698. Therefore, it implies a Short% of Shares Outstanding of 3144015 and a Short% of Float of 11.57.
Dividends & Splits
In the trailing 12 months, IMMR’s forward annual dividend rate was 0.165, compared to 0.18 this year. Against a Trailing Annual Dividend Yield of 0.018151816
