Imperial Petroleum Inc. [IMPP] is -50.00% lower this YTD. Is it still time to buy?

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Imperial Petroleum Inc. [NASDAQ: IMPP] loss -3.60% on the last trading session, reaching $1.07 price per share at the time. The company report on March 29, 2022 that Imperial Petroleum Inc. Reports Fourth Quarter and Twelve Months 2021 Financial and Operating Results.

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IMPERIAL PETROLEUM INC. (NASDAQ: IMPP), a ship-owning company providing petroleum product and crude oil seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2021. These financial results were based on the accounts of Imperial Petroleum Inc. and its wholly owned subsidiaries which were prepared using the historical carrying costs of the assets and the liabilities of the subsidiaries from their dates of incorporation.

IMPP stock price has been found in the range of $1.03 to $1.12.

If compared to the average trading volume of 44.97M shares, IMPP reached a trading volume of 11252536 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Trading performance analysis for IMPP stock

Imperial Petroleum Inc. [IMPP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.71.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IMPP stock in for the last two-week period is set at 41.06, with the RSI for the last a single of trading hit 35.96, and the three-weeks RSI is set at 43.04 for Imperial Petroleum Inc. [IMPP]. The present Moving Average for the last 50 days of trading for this stock 1.8685, while it was recorded at 1.2060 for the last single week of trading.

An analysis of insider ownership at Imperial Petroleum Inc. [IMPP]

There are presently around $2 million, or 8.29% of IMPP stock, in the hands of institutional investors. The top three institutional holders of IMPP stocks are: GLENDON CAPITAL MANAGEMENT LP with ownership of 799,447, which is approximately New of the company’s market cap and around 21.62% of the total institutional ownership; MSD PARTNERS, L.P., holding 439,581 shares of the stock with an approximate value of $0.47 million in IMPP stocks shares; and TOWERVIEW LLC, currently with $0.42 million in IMPP stock with ownership of nearly New of the company’s market capitalization.

16 institutional holders increased their position in Imperial Petroleum Inc. [NASDAQ:IMPP] by around 2,239,454 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 2,239,454 shares, according to the latest SEC report filing. IMPP stock had 16 new institutional investments in for a total of 2,239,454 shares, while 0 institutional investors sold positions of 0 shares during the same period.