Immersion Corp (NASDAQ: IMMR) is 14.45% higher on its value in year-to-date trading and has touched a low of $5.94 and a high of $8.62 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 $7.51 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $8.08, the stock is 11.76% and 10.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 7.59% at the moment leaves the stock 16.40% off its SMA200. IMMR registered 12.38% gain for a year compared to 6-month gain of 19.00%.
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The stock witnessed a 10.08% loss in the last 1 month and extending the period to 3 months gives it a 16.43%, and is 11.29% 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 3.93% over the week and 2.60% over the month.
Immersion Corp (IMMR) has around 14 employees, a market worth around $256.14M and $70.69M in sales. Current P/E ratio is 5.86 and Fwd P/E is 9.29. Profit margin for the company is 62.74%. Distance from 52-week low is 36.03% and -6.26% from its 52-week high. The company has generated returns on investments over the last 12 months (22.02%).
The EPS is expected to shrink by -5.17% this year
The shares outstanding are 31.53M, and float is at 28.90M with Short Float at 4.54%.
Immersion Corp (IMMR) Insider Activity
The most recent transaction is an insider sale by Nader Elias, the company’s Director. SEC filings show that Nader Elias sold 13,000 shares of the company’s common stock on Mar 13 ’24 at a price of $8.22 per share for a total of $0.11 million. Following the sale, the insider now owns 29266.0 shares.
Immersion Corp disclosed in a document filed with the SEC on Dec 06 ’23 that TORO 18 HOLDINGS LLC (10% Owner) bought a total of 11,281 shares of the company’s common stock. The trade occurred on Dec 06 ’23 and was made at $7.60 per share for $85736.0. Following the transaction, the insider now directly holds 1.54 million shares of the IMMR stock.
Still, SEC filings show that on Dec 05 ’23, TORO 18 HOLDINGS LLC (10% Owner) acquired 14,380 shares at an average price of $7.73 for $0.11 million. The insider now directly holds 1,532,866 shares of Immersion Corp (IMMR).
