In today’s recent session, 0.55 million shares of the Immersion Corp (NASDAQ:IMMR) have been traded, and its beta is 1.49. Most recently the company’s share price was $9.20, and it changed around -$0.32 or -3.40% from the last close, which brings the market valuation of the company to $295.94M. IMMR at last check was trading at a discount to its 52-week high of $13.94, offering almost -51.52% off that amount. The share price’s 52-week low was $5.94, which indicates that the recent value has risen by an impressive 35.43% since then. We note from Immersion Corp’s average daily trading volume that its 10-day average is 1.28 million shares, with the 3-month average coming to 844.10K.
Immersion Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended IMMR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Immersion Corp is expected to report earnings per share of 0.19 for the current quarter.
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 has been showing red trend so far today with a performance of -3.40% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.38 on recent trading dayincreased the stock’s daily price by 19.16%. The company’s shares are currently up 30.26% year-to-date, but still down -13.16% over the last five days. On the other hand, Immersion Corp (NASDAQ:IMMR) is -31.93% down in the 30-day period. We can see from the shorts that 2.18 million shares have been sold at a short interest cover period of 2.53 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 8.0% from its current value. Analyst projections state that IMMR is forecast to be at a low of $10 and a high of $10.
Immersion Corp (IMMR) estimates and forecasts
Immersion Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 35.04 percent over the past six months and at a 48.08% annual growth rate that is well above the industry average of 35.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -32.10% in revenue this quarter, and will report an increase of 41.70% in the next quarter. The year-over-year growth rate is expected to be 103.80%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 8.91M in revenue for the current quarter. 2 analysts expect Immersion Corp to make 8.99M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.35M and 10.38M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.20%. Forecasts for the next quarter put sales growth at -13.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.61%. Immersion Corp earnings are expected to increase by 78.22% in 2024, but the outlook is positive 15.00% per year for the next five years.
IMMR Dividends
Immersion Corp’s next quarterly earnings report is expected to be released on 2024-Nov-11. The annual dividend yield of the stock is 1.79 percent and its annual dividend per share was 0.17. It is important to note, however, that the 1.79% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Immersion Corp (NASDAQ:IMMR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.95% of Immersion Corp shares, and 63.86% of them are in the hands of institutional investors. The stock currently has a share float of 70.14%. Immersion Corp stock is held by 209.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.2462% of the shares, which is about 2.25 million shares worth $21.16 million.
LSV ASSET MANAGEMENT, with 5.2712% or 1.64 million shares worth $15.39 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 31, 2024. The former held 1.19 shares worth $10.98 million, making up 3.70% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 756.89 shares worth around $6.98 million, which represents about 2.35% of the total shares outstanding.
