During the last session, Immersion Corp (NASDAQ:IMMR)’s traded shares were 0.63 million, with the beta value of the company hitting 1.54. At the end of the trading day, the stock’s price was $10.57, reflecting an intraday gain of 0.67% or $0.07. The 52-week high for the IMMR share is $13.94, that puts it down -31.88 from that peak though still a striking 43.8% gain since the share price plummeted to a 52-week low of $5.94. The company’s market capitalization is $336.65M, and the average intraday trading volume over the past 10 days was 0.91 million shares, and the average trade volume was 767.29K shares over the past three months.
Immersion Corp (IMMR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. IMMR has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
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Immersion Corp (NASDAQ:IMMR) trade information
Immersion Corp (IMMR) registered a 0.67% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.67% in intraday trading to $10.57, hitting a weekly high. The stock’s 5-day price performance is -5.12%, and it has moved by -0.38% in 30 days. Based on these gigs, the overall price performance for the year is 55.21%. The short interest in Immersion Corp (NASDAQ:IMMR) is 1.93 million shares and it means that shorts have 3.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies a decrease of -5.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $10 respectively. As a result, IMMR is trading at a premium of 5.39% off the target high and 5.39% off the low.
Immersion Corp (IMMR) estimates and forecasts
Statistics show that Immersion Corp has outperformed its competitors in share price, compared to the industry in which it operates. Immersion Corp (IMMR) shares have gone up 52.31% during the last six months, with a year-to-date growth rate more than the industry average at 48.08% against 28.50.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.61%. While earnings are projected to return 12.97% in 2024, the next five years will return 15.00% per annum.
IMMR Dividends
Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Immersion Corp is 0.17, with the dividend yield indicating at 1.56 percent, continuing the trend of increasing dividends in recent years.
Immersion Corp (NASDAQ:IMMR)’s Major holders
Immersion Corp insiders own 7.77% of total outstanding shares while institutional holders control 62.63%, with the float percentage being 67.91%. BLACKROCK INC. is the largest shareholder of the company, while 190.0 institutions own stock in it. As of 2024-03-31, the company held over 2.16 million shares (or 6.6929% of all shares), a total value of $16.13 million in shares.
The next largest institutional holding, with 1.89 million shares, is of VANGUARD GROUP INC’s that is approximately 5.8741% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $14.15 million.
