Immersion Corp [NASDAQ: IMMR] slipped around -0.03 points on Wednesday, while shares priced at $9.90 at the close of the session, down -0.30%.
Compared to the average trading volume of 765.17K shares, IMMR reached a trading volume of 3522929 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Immersion Corp [IMMR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IMMR shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IMMR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BWS Financial have made an estimate for Immersion Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 06, 2023. The new note on the price target was released on November 04, 2021, representing the official price target for Immersion Corp stock. Previously, the target price had yet another raise from $13 to $15, while Colliers Securities kept a Buy rating on IMMR stock. On September 02, 2020, analysts increased their price target for IMMR shares from 9 to 12.
The Average True Range (ATR) for Immersion Corp is set at 0.70, with the Price to Sales ratio for IMMR stock in the period of the last 12 months amounting to 1.95. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 4.57.
How has IMMR stock performed recently?
Immersion Corp [IMMR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.65. With this latest performance, IMMR shares dropped by -25.40% in over the last four-week period, additionally plugging by 43.90% over the last 6 months – not to mention a rise of 39.63% in the past year of trading.
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 IMMR stock in for the last two-week period is set at 39.28, with the RSI for the last a single of trading hit 35.14, and the three-weeks RSI is set at 42.76 for Immersion Corp [IMMR]. The present Moving Average for the last 50 days of trading for this stock 10.88, while it was recorded at 10.32 for the last single week of trading, and 8.25 for the last 200 days.
Immersion Corp [IMMR]: Deeper insight into the fundamentals
Immersion Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.72 and a Current Ratio set at 1.55.
Earnings analysis for Immersion Corp [IMMR]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IMMR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Immersion Corp go to 15.00%.
Insider trade positions for Immersion Corp [IMMR]
There are presently around $64.18%, or 70.49%% of IMMR stock, in the hands of institutional investors. The top three institutional holders of IMMR stocks are: BLACKROCK INC. with ownership of 2.25 million shares, which is approximately 7.2462%. LSV ASSET MANAGEMENT, holding 1.64 million shares of the stock with an approximate value of $$15.39 million in IMMR stocks shares; and LSV ASSET MANAGEMENT, currently with $$14.46 million in IMMR stock with ownership which is approximately 4.9541%.
