In the latest trading session,, 0.62 million Immersion Corp (NASDAQ:IMMR) shares changed hands as the company’s beta touched 1.50. With the company’s most recent per share price at $9.59 changed hands at -$1.0 or -9.44% at last look, the market valuation stands at $305.44M. IMMR’s current price is a discount, trading about -45.36% off its 52-week high of $13.94. The share price had its 52-week low at $5.94, which suggests the last value was 38.06% up since then. When we look at Immersion Corp’s average trading volume, we note the 10-day average is 0.77 million shares, with the 3-month average coming to 755.32K.
Analysts gave the Immersion Corp (IMMR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended IMMR as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Immersion Corp’s EPS for the current quarter is expected to be 0.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Immersion Corp (NASDAQ:IMMR) trade information
Instantly IMMR was in red as seen in intraday trades today. With action -8.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 35.84%, with the 5-day performance at -8.58% in the red. However, in the 30-day time frame, Immersion Corp (NASDAQ:IMMR) is -25.20% down. Looking at the short shares, we see there were 2.18 million shares sold at short interest cover period of 2.53 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 4.1% from its recent market value. According to analyst projections, IMMR’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a -4.28% plunge from its current level, while the stock would need to soar -4.28% for it to hit the projected low.
Immersion Corp (IMMR) estimates and forecasts
Data shows that the Immersion Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 39.39% over the past 6 months, a 48.08% in annual growth rate that is considerably higher than the industry average of 33.40%. Year-over-year growth is forecast to reach 103.80% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 43.85M. The company’s revenue for the corresponding quarters a year ago was 7.07M and 6.98M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 519.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.61%. The 2024 estimates are for Immersion Corp earnings to increase by 30.17%, but the outlook for the next 5-year period is at 15.00% per year.
IMMR Dividends
Immersion Corp is expected to release its next quarterly earnings report on 2024-Aug-19. The 1.72% annual yield figure for the share gives it an annual dividend of 0.17. It is important to note, however, that the 1.72% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Immersion Corp (NASDAQ:IMMR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.04% of Immersion Corp shares while 64.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.29%. There are 64.84% institutions holding the Immersion Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-03-31, the company held 6.9488% of the shares, roughly 2.16 million IMMR shares worth $16.13 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.0986% or 1.89 million shares worth $14.15 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 1.19 shares estimated at $11.64 million under it, the former controlled 3.74% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.38% of the shares, roughly 756.89 shares worth around $7.39 million.
