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After finishing at $13.51 in the prior trading day, Immersion Corp (NASDAQ: IMMR) closed at $12.77, down -5.48%. In other words, the price has decreased by -$5.48 from its previous closing price. On the day, 0.89 million shares were traded. IMMR stock price reached its highest trading level at $13.94 during the session, while it also had its lowest trading level at $12.755.
Ratios:
Our goal is to gain a better understanding of IMMR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.66. For the most recent quarter (mrq), Quick Ratio is recorded 6.44 and its Current Ratio is at 6.44. 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:
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 Jun 13 ’24 when DODSON J MICHAEL sold 4,947 shares for $10.68 per share. The transaction valued at 52,834 led to the insider holds 45,053 shares of the business.
Nader Elias sold 13,000 shares of IMMR for $106,863 on Mar 13 ’24. The Director now owns 29,266 shares after completing the transaction at $8.22 per share. On Dec 06 ’23, another insider, TORO 18 HOLDINGS LLC, who serves as the 10% Owner of the company, bought 11,281 shares for $7.60 each. As a result, the insider paid 85,736 and bolstered with 1,544,147 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 406785824 and an Enterprise Value of 227679264. As of this moment, Immersion’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.26, and their Forward P/E ratio for the next fiscal year is 14.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.75 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 3.221 whereas that against EBITDA is 7.263.
Stock Price History:
Over the past 52 weeks, IMMR has reached a high of $13.62, while it has fallen to a 52-week low of $5.94. The 50-Day Moving Average of the stock is 21.76%, while the 200-Day Moving Average is calculated to be 62.27%.
Shares Statistics:
The stock has traded on average 689.16K shares per day over the past 3-months and 1116290 shares per day over the last 10 days, according to various share statistics. A total of 31.53M shares are outstanding, with a floating share count of 28.45M. Insiders hold about 10.70% of the company’s shares, while institutions hold 56.46% stake in the company. Shares short for IMMR as of 1721001600 were 1933975 with a Short Ratio of 2.81, compared to 1718323200 on 1739114. Therefore, it implies a Short% of Shares Outstanding of 1933975 and a Short% of Float of 7.23.
Dividends & Splits
In the trailing 12 months, IMMR’s forward annual dividend rate was 0.15, compared to 0.17 this year. Against a Trailing Annual Dividend Yield of 0.011102887
