Immersion Corp (NASDAQ: IMMR) is 17.99% higher on its value in year-to-date trading and has touched a low of $5.94 and a high of $9.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IMMR stock was last observed hovering at around $8.17 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $8.33, the stock is 19.87% and 19.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing 1.96% at the moment leaves the stock 20.53% off its SMA200. IMMR registered 4.65% gain for a year compared to 6-month gain of 23.04%. The firm has a 50-day simple moving average (SMA 50) of $3.05 and a 200-day simple moving average (SMA200) of $5.75.
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The stock witnessed a 4.52% loss in the last 1 month and extending the period to 3 months gives it a 27.18%, and is 25.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.78% over the week and 4.16% over the month.
Immersion Corp (IMMR) has around 14 employees, a market worth around $264.06M and $33.92M in sales. Current P/E ratio is 8.05. Profit margin for the company is 100.17%. Distance from 52-week low is 40.24% and -9.95% from its 52-week high. The company has generated returns on investments over the last 12 months (18.56%).
Immersion Corp quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $16.12M over the same period.The EPS is expected to shrink by -6.10% this year, but quarterly earnings will post 22.40% year-over-year. Quarterly sales are estimated to grow 127.90% in year-over-year returns.
168 institutions hold shares in Immersion Corp (IMMR), with institutional investors hold 70.77% of the company’s shares. The shares outstanding are 31.53M, and float is at 29.09M with Short Float at 4.61%. Institutions hold 66.34% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 1.66 million shares valued at $11.79 million. The investor’s holdings represent 5.17% of the IMMR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 1.56 million shares valued at $11.05 million to account for 4.85% of the shares outstanding. The other top investors are Lsv Asset Management which holds 1.4 million shares representing 4.35% and valued at over $9.91 million, while Royce & Associates LP holds 3.26% of the shares totaling 1.05 million with a market value of $7.43 million.
Immersion Corp (IMMR) Insider Activity
The most recent transaction is an insider purchase by TORO 18 HOLDINGS LLC, the company’s 10% Owner. SEC filings show that TORO 18 HOLDINGS LLC bought 11,281 shares of the company’s common stock on Dec 06 ’23 at a price of $7.60 per share for a total of $85736.0. Following the purchase, the insider now owns 1.54 million shares.
Immersion Corp disclosed in a document filed with the SEC on Dec 05 ’23 that TORO 18 HOLDINGS LLC (10% Owner) bought a total of 14,380 shares of the company’s common stock. The trade occurred on Dec 05 ’23 and was made at $7.73 per share for $0.11 million. Following the transaction, the insider now directly holds 1.53 million shares of the IMMR stock.
Still, SEC filings show that on Dec 04 ’23, TORO 18 HOLDINGS LLC (10% Owner) acquired 9,579 shares at an average price of $7.66 for $73349.0. The insider now directly holds 1,518,486 shares of Immersion Corp (IMMR).
