Is Imperial Petroleum Inc. (IMPP) A Risky Investment?

RTX Stock
RTX Stock

Imperial Petroleum Inc. (NASDAQ:IMPP) finished Thursday with a subtraction of -$0.02 to close at $0.29, a downside of -7.31 percent. An average of 6,235,520 shares of common stock have been traded in the last five days. There was a fall of -$0.0696 in the past week. The last 20 days have seen an average of 7,869,925 shares traded, while the 50-day average volume stands at 15,028,317.

IMPP stock has decreased by -27.70% in the last month. The company shares reached their 1-month lowest point of $0.2861 on 09/22/22. Shares of the company touched a low of $0.31 and a high of $9.70 in 52 weeks. It has reached a new high 4 times so far this year and lost -86.49% or -$1.8508 in price. In spite of this, the price is down -97.02% from the 52-week high.

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Valuation Metrics

Imperial Petroleum Inc. (IMPP) has a trailing price-to-sales (P/S) ratio at 2.28, the price-to-book (PB) ratio at 0.22.

Financial Health

The quick ratio of Imperial Petroleum Inc. for the recent quarter was 6.70, and the current ratio was 7.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.10 for the recent quarter. Its gross profit as reported stood at $6.33 million compared to revenue of $17.36 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Imperial Petroleum Inc.’s return on assets was -1.10%.

Earnings Surprise

For the recent quarter, Imperial Petroleum Inc. had $23.09 million in total debt.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Imperial Petroleum Inc. (IMPP) price momentum. RSI 9-day as of the close on 22 September was 18.95%, suggesting the stock is oversold, with historical volatility in this time frame at 41.79%.

As of today, IMPP’s price is $0.3252 -19.40% or -$0.0696 from its 5-day moving average. IMPP is currently trading -30.58% lower than its 20-day SMA and -69.88% lower than its 100-day SMA. However, the stock’s current price level is -29.36% below the SMA50.

The stochastic %K and %D were 8.35% and 8.25%, respectively, and the average true range (ATR) was 0.0208. With the 14-day stochastic at 3.20% and the average true range at 0.0234, the RSI (14) stands at 28.09%. The stock has reached -0.0315 on the 9-day MACD Oscillator while the 14-day reading was at -0.0393.


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