At the last check on Friday, Imperial Petroleum Inc.’s (NASDAQ:IMPP) stock was up $0.11, moving up 8.15 percent to $1.46. The average number of shares traded per day over the past five days has been 467,407 shares. 4 times new highs have been achieved over the past 5 days, with a $0.1797 gain in that time frame. In the last twenty days, the average volume was 1,283,102, while in the previous 50 days, it was 820,775.
Since last month, IMPP stock retreated -48.23%. Shares of the company fell to $1.1800 on 08/18/23, the lowest level in the past month. A 52-week high of $7.33 was reached on 02/15/23 after having rallying from a 52-week low of $1.18. Since the beginning of this year, IMPP’s stock price has dropped by -59.63% or -$2.1368, and marked a new high 10 times. However, the stock has declined by -80.09% since its 52-week high.
Valuation Metrics
Right now, Imperial Petroleum Inc. (IMPP) has a P/E ratio of about 0.24. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 0.12, the price-to-book (PB) ratio of 0.08, and the price-to-cash flow ratio of 0.66 may also be considered.
Financial Health
In the recent quarter, Imperial Petroleum Inc.’s quick ratio stood at 9.60, while its current ratio was 10.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.50% percent. In the recent year, EBITDA margin amounted to 43.40%, whereas operating margins totaled 39.50%. Based on annual data, IMPP earned $44.93 million in gross profit and brought in $97.02 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 8.50%. Return on equity (ROE) for the past 12 months was 26.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. IMPP’s revenue rose 82.11% during the quarter, while net income inched up to $97.02 million. During the quarter, the company generated $21.51 million in EBITDA. The liabilities of Imperial Petroleum Inc. were 21.46 million at the end of its most recent quarter, and its total debt was $31350.0.
Technical Picture
This quick technical analysis looks at Imperial Petroleum Inc.’s (IMPP) price momentum. With a historical volatility rate of 57.21%, the RSI 9-day stood at 41.60% on 31 August.
With respect to its five-day moving average, the current Imperial Petroleum Inc. price is up by +13.82% percent or $0.1797. At present, IMPP shares trade -47.90% below its 20-day simple moving average and -54.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -61.57% below its SMA50 and -76.09% below its SMA200.
Stochastic coefficient K was 48.10% and Stochastic coefficient D was 27.32%, while ATR was 0.1367. Given the Stochastic reading of 89.20% for the 14-day period, the RSI (14) reading has been calculated as 34.90%. As of today, the MACD Oscillator reading stands at 0.0566, while the 14-day reading stands at 0.0633.
Analyst Ratings
Imperial Petroleum Inc. (IMPP) has been rated – by analysts. According to 0 brokerage firms, IMPP is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Imperial Petroleum Inc. stock as buy, with 0 recommending it as overweight.
