The closing price of Immersion Corp (NASDAQ: IMMR) was $6.65 for the day, up 0.15% from the previous closing price of $6.64. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 516838 shares were traded.
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Ratios:
Our analysis of IMMR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.16. For the most recent quarter (mrq), Quick Ratio is recorded 6.23 and its Current Ratio is at 6.23. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 06 ’23 when TORO 18 HOLDINGS LLC bought 11,281 shares for $7.60 per share. The transaction valued at 85,736 led to the insider holds 1,544,147 shares of the business.
TORO 18 HOLDINGS LLC bought 14,380 shares of IMMR for $111,169 on Dec 05 ’23. The 10% Owner now owns 1,532,866 shares after completing the transaction at $7.73 per share. On Dec 04 ’23, another insider, TORO 18 HOLDINGS LLC, who serves as the 10% Owner of the company, bought 9,579 shares for $7.66 each. As a result, the insider paid 73,349 and bolstered with 1,518,486 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 211.74M and an Enterprise Value of 61.13M. As of this moment, Immersion’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.48 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 1.87 whereas that against EBITDA is 3.16.
Stock Price History:
Over the past 52 weeks, IMMR has reached a high of $9.25, while it has fallen to a 52-week low of $5.94. The 50-Day Moving Average of the stock is 6.94, while the 200-Day Moving Average is calculated to be 6.90.
Shares Statistics:
IMMR traded an average of 440.10K shares per day over the past three months and 395.32k shares per day over the past ten days. A total of 32.25M shares are outstanding, with a floating share count of 29.22M. Insiders hold about 8.22% of the company’s shares, while institutions hold 64.45% stake in the company. Shares short for IMMR as of Feb 15, 2024 were 1.39M with a Short Ratio of 3.17, compared to 1.13M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.38% and a Short% of Float of 4.56%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.12, IMMR has a forward annual dividend rate of 0.14. Against a Trailing Annual Dividend Yield of 1.81%, it implies a Forward Annual Dividend Yield of 2.71%.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.16, while EPS last year was $0.45. The consensus estimate for the next quarter is $0.16, with high estimates of $0.16 and low estimates of $0.16.
Analysts are recommending an EPS of between $0.9 and $0.9 for the fiscal current year, implying an average EPS of $0.9. EPS for the following year is $0.64, with 1 analysts recommending between $0.64 and $0.64.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $9.25M to a low estimate of $7.2M. As of the current estimate, Immersion Corp’s year-ago sales were $9.16M, an estimated decrease of -10.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $16.12M, an increase of 127.90% over than the figure of -$10.30% in the same quarter last year. There is a high estimate of $24.93M for the next quarter, whereas the lowest estimate is $7.3M.
A total of 2 analysts have provided revenue estimates for IMMR’s current fiscal year. The highest revenue estimate was $32.78M, while the lowest revenue estimate was $30.74M, resulting in an average revenue estimate of $31.76M. In the same quarter a year ago, actual revenue was $38.46M, down -17.40% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $40.93M in the next fiscal year. The high estimate is $51.87M and the low estimate is $30M. The average revenue growth estimate for next year is up 28.90% from the average revenue estimate for this year.
