Immersion Corp [NASDAQ: IMMR] plunged by $0.0 during the normal trading session on while it closed the day at $9.11.
Immersion Corp stock has also gained 1.33% of its value over the past 7 days. However, IMMR stock has declined by -1.83% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.70% and gained 29.04% year-on date.
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The market cap for IMMR stock reached $294.03 million, with 31.96 million shares outstanding and 28.73 million shares in the current float. Compared to the average trading volume of 601.55K shares, IMMR reached a trading volume of 2421568 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $13.50 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 0.37, with the Price to Sales ratio for IMMR stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 4.56.
IMMR stock trade performance evaluation
Immersion Corp [IMMR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.33. With this latest performance, IMMR shares gained by 5.44% in over the last four-week period, additionally sinking by -14.70% over the last 6 months – not to mention a rise of 39.08% 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 57.50, with the RSI for the last a single of trading hit 59.59, and the three-weeks RSI is set at 55.26 for Immersion Corp [IMMR]. The present Moving Average for the last 50 days of trading for this stock 8.66, while it was recorded at 8.99 for the last single week of trading, and 9.02 for the last 200 days.
Immersion Corp [IMMR]: An insightful look at the core 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 per share (EPS) analysis for Immersion Corp [IMMR] stock
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 20.00%.
Immersion Corp [IMMR]: Institutional Ownership
There are presently around $63.33%, or 69.60%% 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%.
