Immersion Corp (NASDAQ: IMMR) on Monday, soared 3.34% from the previous trading day, before settling in for the closing price of $8.68. Within the past 52 weeks, IMMR’s price has moved between $5.94 and $13.94.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -13.98%. The company achieved an average annual earnings per share of 96.23%. With a float of $28.50 million, this company’s outstanding shares have now reached $31.53 million.
Considering the fact that the conglomerate employs 14 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 73.57%, operating margin of 34.3%, and the pretax margin is 47.26%.
Immersion Corp (IMMR) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Immersion Corp is 11.45%, while institutional ownership is 60.68%. The most recent insider transaction that took place on Aug 27 ’24, was worth 438,425. In this transaction President and CEO of this company bought 50,000 shares at a rate of $8.77, taking the stock ownership to the 1,912,867 shares. Before that another transaction happened on Aug 28 ’24, when Company’s Director bought 1,155 for $8.68, making the entire transaction worth $10,020. This insider now owns 66,098 shares in total.
Immersion Corp (IMMR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 96.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -9.61% drop over the previous five years of trading.
Immersion Corp (NASDAQ: IMMR) Trading Performance Indicators
Immersion Corp (IMMR) is currently performing well based on its current performance indicators. A quick ratio of 0.72 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.05, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 0.64 in one year’s time.
Technical Analysis of Immersion Corp (IMMR)
Compared to the last year’s volume of 0.7 million, its volume of 1.34 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 36.02%. Additionally, its Average True Range was 0.58.
During the past 100 days, Immersion Corp’s (IMMR) raw stochastic average was set at 27.76%, which indicates a significant increase from 18.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.29% in the past 14 days, which was higher than the 48.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.58, while its 200-day Moving Average is $8.40. Nevertheless, the first resistance level for the watch stands at $9.13 in the near term. At $9.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.52. If the price goes on to break the first support level at $8.74, it is likely to go to the next support level at $8.50. Should the price break the second support level, the third support level stands at $8.35.
Immersion Corp (NASDAQ: IMMR) Key Stats
Market capitalization of the company is 288.65 million based on 31,855K outstanding shares. Right now, sales total 33,920 K and income totals 33,980 K. The company made 99,420 K in profit during its latest quarter, and 28,950 K in sales during its previous quarter.
