Imperial Petroleum Inc. (NASDAQ:IMPP) finished Wednesday with a subtraction of -$0.01 to close at $3.03, a downside of -0.36 percent. An average of 572,592 shares of common stock have been traded in the last five days. There was a gain of $0.21 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 475,418 shares traded, while the 50-day average volume stands at 512,673.
IMPP stock has decreased by -0.69% in the last month. The company shares reached their 1-month lowest point of $2.59 on 07/28/23. With the stock rallying to its 52-week high on 02/15/23, shares of the company touched a low of $2.08 and a high of $7.33 in 52 weeks. It has reached a new high 10 times so far this year and lost -16.24% or -$0.59 in price. In spite of this, the price is down -58.69% from the 52-week high.
Valuation Metrics
Imperial Petroleum Inc. (IMPP) has a trailing price-to-earnings (P/E) ratio of 0.58. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.33, the price-to-book (PB) ratio at 0.13.
Financial Health
The quick ratio of Imperial Petroleum Inc. for the recent quarter was 2.80, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.13 for the recent quarter. Imperial Petroleum Inc.’s EBITDA margin is 43.40%, while its operating margin for the same period stands at 41.20%. Its gross profit as reported stood at $44.93 million compared to revenue of $97.02 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 18.90%.
Earnings Surprise
For the recent quarter, Imperial Petroleum Inc. had $59.79 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $29.51 million in the quarter, while revenues were grew 112.33%.
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 09 August was 63.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.60%.
As of today, IMPP’s price is $2.96 +7.48% or $0.21 from its 5-day moving average. IMPP is currently trading -0.95% lower than its 20-day SMA and +26.29% higher than its 100-day SMA. However, the stock’s current price level is -10.59% below the SMA50 and -53.76% below the SMA200.
The stochastic %K and %D were 74.75% and 73.83%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 63.86% and the average true range at 0.20, the RSI (14) stands at 53.84%. The stock has reached 0.14 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.
