Immersion Corp (IMMR) looking to reclaim success with recent performance

With 0.98 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $9.36 whereas the lowest price it dropped to was $8.89. The 52-week range on IMMR shows that it touched its highest point at $8.95 and its lowest point at $5.94 during that stretch. It currently has a 1-year price target of $10.50. With its current market cap of 297.48 million, IMMR has annualized dividend of $0.15 while the current yield stands at 1.61%. IMMR paid its most recent dividend on 1712793600, while the ex-dividend date for that was 1720396800. Beta for the stock currently stands at 1.44.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IMMR was up-trending over the past week, with a rise of 24.37%, but this was up by 28.65% over a month. Three-month performance surged to 34.20% while six-month performance rose 48.73%. The stock gained 31.18% in the past year, while it has gained 32.29% so far this year. A look at the trailing 12-month EPS for IMMR yields 1.38 with Next year EPS estimates of 0.87. For the next quarter, that number is 0.16. This implies an EPS growth rate of -2.37% for this year and -24.48% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.61%.

Float and Shares Shorts:

At present, 31.53 million IMMR shares are outstanding with a float of 29.00 million shares on hand for trading. On 2024-04-30, short shares totaled 1.34 million, which was 422.99999999999994 higher than short shares on 1711584000. In addition to Mr. Eric Brandon Singer as the firm’s CEO, President & Chairperson, Mr. James Michael Dodson serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.62729 of IMMR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, IMMR reported revenue of $43847000.0 and operating income of $16614000.0. The EBITDA in the recently reported quarter was $16632000.0 and diluted EPS was $0.59.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IMMR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.