Immersion Corp (NASDAQ: IMMR) is 25.64% higher on its value in year-to-date trading and has touched a low of $5.94 and a high of $13.94 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 $8.72 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $8.87, the stock is -9.52% and -16.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing 1.72% at the moment leaves the stock 6.21% off its SMA200. IMMR registered 25.46% gain for a year compared to 6-month gain of 34.80%.
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The stock witnessed a -18.02% loss in the last 1 month and extending the period to 3 months gives it a -9.86%, and is 0.23% 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 5.09% over the week and 5.92% over the month.
Immersion Corp (IMMR) has around 14 employees, a market worth around $285.44M and $163.13M in sales. Current P/E ratio is 4.32 and Fwd P/E is 13.86. Profit margin for the company is 40.62%. Distance from 52-week low is 49.33% and -36.37% from its 52-week high. The company has generated returns on investments over the last 12 months (12.64%).
The EPS is expected to grow by 96.23% this year
212.0 institutions hold shares in Immersion Corp (IMMR), with institutional investors hold 70.78% of the company’s shares. The shares outstanding are 31.53M, and float is at 28.50M with Short Float at 7.98%. Institutions hold 64.29% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.25 million shares valued at $21.16 million. The investor’s holdings represent 7.2462 of the IMMR Shares outstanding. As of 2024-06-30, the second largest holder is LSV ASSET MANAGEMENT with 1.64 million shares valued at $15.39 million to account for 5.2712 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.54 million shares representing 4.9541 and valued at over $14.46 million, while DIMENSIONAL FUND ADVISORS LP holds 3.5791 of the shares totaling 1.11 million with a market value of $10.45 million.
Immersion Corp (IMMR) Insider Activity
The most recent transaction is an insider purchase by Singer Eric, the company’s President and CEO. SEC filings show that Singer Eric bought 50,000 shares of the company’s common stock on Aug 27 ’24 at a price of $8.77 per share for a total of $0.44 million. Following the purchase, the insider now owns 1.91 million shares.
Immersion Corp disclosed in a document filed with the SEC on Aug 28 ’24 that Wasch Childress Frederick (Director) bought a total of 1,155 shares of the company’s common stock. The trade occurred on Aug 28 ’24 and was made at $8.68 per share for $10020.0. Following the transaction, the insider now directly holds 66098.0 shares of the IMMR stock.
Still, SEC filings show that on Aug 27 ’24, MARTIN WILLIAM C (Chief Strategy Officer) acquired 15,000 shares at an average price of $8.81 for $0.13 million. The insider now directly holds 1,364,265 shares of Immersion Corp (IMMR).
