Immersion Corp (NASDAQ: IMMR) is 73.23% higher on its value in year-to-date trading and has touched a low of $5.94 and a high of $13.31 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 $12.27 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $12.23, the stock is 19.25% and 24.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -0.33% at the moment leaves the stock 59.84% off its SMA200. IMMR registered 73.48% gain for a year compared to 6-month gain of 82.27%.
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The stock witnessed a 12.72% loss in the last 1 month and extending the period to 3 months gives it a 72.50%, and is 15.27% 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 6.73% over the week and 4.19% over the month.
Immersion Corp (IMMR) has around 14 employees, a market worth around $389.53M and $70.69M in sales. Current P/E ratio is 8.87 and Fwd P/E is 14.06. Profit margin for the company is 62.74%. Distance from 52-week low is 105.89% and -8.15% from its 52-week high. The company has generated returns on investments over the last 12 months (22.02%).
The EPS is expected to grow by 12.97% this year
The shares outstanding are 31.53M, and float is at 28.45M with Short Float at 6.41%.
Immersion Corp (IMMR) Insider Activity
The most recent transaction is an insider sale by DODSON J MICHAEL, the company’s Chief Financial Officer. SEC filings show that DODSON J MICHAEL sold 4,947 shares of the company’s common stock on Jun 13 ’24 at a price of $10.68 per share for a total of $52834.0. Following the sale, the insider now owns 45053.0 shares.
Immersion Corp disclosed in a document filed with the SEC on Mar 13 ’24 that Nader Elias (Director) sold a total of 13,000 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $8.22 per share for $0.11 million. Following the transaction, the insider now directly holds 29266.0 shares of the IMMR stock.
Still, SEC filings show that on Dec 06 ’23, TORO 18 HOLDINGS LLC (10% Owner) acquired 11,281 shares at an average price of $7.60 for $85736.0. The insider now directly holds 1,544,147 shares of Immersion Corp (IMMR).
