Imperial Petroleum Inc. [IMPP] is -80.37% lower this YTD. Is it still time to buy?



Imperial Petroleum Inc. [NASDAQ: IMPP] gained 1.08% or 0.0 points to close at $0.42 with a heavy trading volume of 20557719 shares. The company report on July 27, 2022 that Imperial Petroleum Inc. Reports Second Quarter And Six Months 2022 Financial And Operating Results.

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IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter ended June 30, 2022. In November 2021, StealthGas Inc. contributed to the Company four subsidiaries comprising a fleet of four tanker vessels. The Company was spun-off from StealthGas Inc. in December 2021. Historical comparative period reflects the results of the carve-out operations of the four subsidiaries that were contributed to the Company.

It opened the trading session at $0.415, the shares rose to $0.4397 and dropped to $0.4088, the range by which the price of stock traded the whole day. The daily chart for IMPP points out that the company has recorded -63.79% loss over the past six months. However, it is still -10.53% lower than its most recent low trading price.

If we look at the average trading volume of 45.06M shares, IMPP reached to a volume of 20557719 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Imperial Petroleum Inc. [IMPP]:

The Average True Range (ATR) for Imperial Petroleum Inc. is set at 0.04, with the Price to Sales ratio for IMPP stock in the period of the last 12 months amounting to 3.42.

Trading performance analysis for IMPP stock

Imperial Petroleum Inc. [IMPP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.55. With this latest performance, IMPP shares dropped by -10.64% in over the last four-week period, additionally sinking by -63.79% over the last 6 months.

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 44.40, with the RSI for the last a single of trading hit 46.23, and the three-weeks RSI is set at 43.20 for Imperial Petroleum Inc. [IMPP]. The present Moving Average for the last 50 days of trading for this stock 0.4915, while it was recorded at 0.4386 for the last single week of trading.

Imperial Petroleum Inc. [IMPP]: A deeper dive into fundamental analysis

Imperial Petroleum Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.70 and a Current Ratio set at 7.10.

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

There are presently around $1 million, or 1.60% of IMPP stock, in the hands of institutional investors. The top three institutional holders of IMPP stocks are: MSD PARTNERS, L.P. with ownership of 439,581, which is approximately 0% of the company’s market cap and around 1.48% of the total institutional ownership; HUDSON BAY CAPITAL MANAGEMENT LP, holding 382,100 shares of the stock with an approximate value of $0.16 million in IMPP stocks shares; and IONIC CAPITAL MANAGEMENT LLC, currently with $0.15 million in IMPP stock with ownership of nearly New of the company’s market capitalization.

20 institutional holders increased their position in Imperial Petroleum Inc. [NASDAQ:IMPP] by around 1,327,757 shares. Additionally, 9 investors decreased positions by around 1,753,451 shares, while 4 investors held positions by with 1,268,048 shares. The mentioned changes placed institutional holdings at 1,813,160 shares, according to the latest SEC report filing. IMPP stock had 18 new institutional investments in for a total of 1,325,103 shares, while 7 institutional investors sold positions of 1,729,300 shares during the same period.