So Far This Year, Immersion Corporation (IMMR) Reached A New High 1 time


As of Wednesday close, Immersion Corporation’s (NASDAQ:IMMR) stock was up $0.04, moving up 0.56 percent to $7.22. The average number of shares traded per day over the past five days has been 495,080 shares. 1 time new highs have been achieved over the past 5 days, with a $0.17 gain in that time frame. In the last twenty days, the average volume was 429,290, while in the previous 50 days, it was 279,992.

Since last month, IMMR stock rose 32.23%. Shares of the company fell to $5.22 on 10/27/22, the lowest level in the past month. A 52-week high of $7.29 was reached on 11/17/22 after having rallying from a 52-week low of $4.28. Since the beginning of this year, IMMR’s stock price has risen by 26.44% or $1.51, and marked a new high 7 times. However, the stock has declined by -0.96% since its 52-week high.

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IMMR stock investors should be aware that Immersion Corporation (IMMR) stock had its last reported insider trading activity 10 days ago on Nov 14. Akerman Aaron, the Chief Financial Officer of the company, disposed of 873 shares for $6.00 on Nov 14. It resulted in a $5,238 divestment by the insider. MARTIN WILLIAM C added 13,603 shares at an average price of $5.79 on Sep 14. The insider now owns 694,618 shares following the transaction. On Sep 13, Chief Strategy Officer MARTIN WILLIAM C bought 16,243 shares at $5.79 apiece. The transaction was valued at $94,086.

Valuation Metrics

Right now, Immersion Corporation (IMMR) has a P/E ratio of about 19.94. The stock’s beta is 1.49. Besides these, the trailing price-to-sales (P/S) ratio of 6.34, the price-to-book (PB) ratio of 1.68.

Financial Health

In the three months ended September 29, Immersion Corporation’s quick ratio stood at 10.50, while its current ratio was 10.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 100.00% percent. In the year ended September 29, operating margins totaled 62.50%. Based on annual data, IMMR earned $35.0 million in gross profit and brought in $35.09 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.20%. Return on equity (ROE) for the past 12 months was 8.70%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IMMR’s revenue rose 48.82% to $7.98 million during the quarter, while net income inched up to $14.01 million. While analysts expected Immersion Corporation to report $0.16 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by 75.00%. During the quarter, the company generated $10.6 million in EBITDA. The liabilities of Immersion Corporation were 28.06 million at the end of its most recent quarter ended September 29, and its total debt was $0.82 million. The value of shareholders’ equity is $32.31 million.

Technical Picture

This quick technical analysis looks at Immersion Corporation’s (IMMR) price momentum. With a historical volatility rate of 106.01%, the RSI 9-day stood at 75.65% on 23 November.

With respect to its five-day moving average, the current Immersion Corporation price is up by +2.41% percent or $0.17. At present, IMMR shares trade +32.48% above its 20-day simple moving average and +33.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.42% above its SMA50 and +44.11% above its SMA200.

Stochastic coefficient K was 93.94% and Stochastic coefficient D was 90.01%, while ATR was 0.33. Given the Stochastic reading of 96.56% for the 14-day period, the RSI (14) reading has been calculated as 73.27%. As of today, the MACD Oscillator reading stands at 0.30, while the 14-day reading stands at 0.84.

With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict Immersion Corporation (IMMR) will achieve an average price target of $10.00.


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