Immersion Corp (NASDAQ: IMMR) on Monday, plunged -4.51% from the previous trading day, before settling in for the closing price of $9.09. Within the past 52 weeks, IMMR’s price has moved between $6.54 and $13.94.
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Annual sales at Technology sector company slipped by -13.98% over the past five years. With a float of $28.73 million, this company’s outstanding shares have now reached $32.28 million.
Let’s look at the performance matrix of the company that is accounted for 14 employees. In terms of profitability, gross margin is 34.22%, operating margin of 14.48%, and the pretax margin is 17.73%.
Immersion Corp (IMMR) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Immersion Corp is 10.97%, while institutional ownership is 59.78%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% 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 0.94 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 1.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.05
Technical Analysis of Immersion Corp (IMMR)
Immersion Corp (NASDAQ: IMMR) saw its 5-day average volume 1.88 million, a positive change from its year-to-date volume of 0.71 million. As of the previous 9 days, the stock’s Stochastic %D was 16.36%. Additionally, its Average True Range was 0.54.
During the past 100 days, Immersion Corp’s (IMMR) raw stochastic average was set at 14.35%, which indicates a significant increase from 5.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.64% in the past 14 days, which was higher than the 46.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.75, while its 200-day Moving Average is $9.10. Nevertheless, the first resistance level for the watch stands at $9.04 in the near term. At $9.41, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.64. If the price goes on to break the first support level at $8.44, it is likely to go to the next support level at $8.21. The third support level lies at $7.84 if the price breaches the second support level.
Immersion Corp (NASDAQ: IMMR) Key Stats
Market capitalization of the company is 280.15 million based on 32,276K 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.
