Imperial Petroleum Inc. (NASDAQ:IMPP) saw an upside of 3.39% to close Monday at $0.29 after adding $0.01 on the day. The 5-day average trading volume is 5,936,880 shares of the company’s common stock. It has gained $0.3098 in the past week and touched a new high 3 times within the past 5 days. An average of 4,837,320 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,013,504.
IMPP’s 1-month performance is 4.05% or $0.0156 on its low of $0.2305 reached on 12/29/22. The company’s shares have touched a 52-week low of $0.23 and high of $9.70, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, IMPP has achieved 20.28% or $0.0489 and has reached a new high 7 times. However, the current price is down -97.01% from the 52-week high price.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.84 while the price-to-book (PB) in the most recent quarter is 0.21.
Imperial Petroleum Inc.’s quick ratio for the recent period was 5.30, with the current ratio over the same period at 5.70. In terms of profitability, the gross margin trailing 12 months is 62.80%. The firm’s gross profit as reported stood at $6.33 million against revenue of $17.36 million.
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$3.64 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $18.75 million. IMPP stock balance sheet for the recent quarter shows that total liabilities totaled 54.25 million, with total debt at $42.35 million.
Let’s look briefly at Imperial Petroleum Inc. (IMPP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 62.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 50.72%.
The stock’s 5-day moving average is $0.2815, reflecting a +8.21% or $0.0220 change from its current price. IMPP is currently trading unch above its 20-day SMA, -27.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -32.57% and SMA200 by-78.68%.
Stochastic %K and %D was 65.83% and 66.37% and the average true range (ATR) pointed at 0.0217. The RSI (14) points at 54.12%, while the 14-day stochastic is at 74.45% with the period’s ATR at 0.0223. The stock’s 9-day MACD Oscillator is pointing at 0.0055 and 0.0159 on the 14-day charts.