During the last session, Immersion Corp (NASDAQ:IMMR)’s traded shares were 1.41 million, with the beta value of the company hitting 1.49. At the end of the trading day, the stock’s price was $8.61, reflecting an intraday loss of -2.71% or -$0.24. The 52-week high for the IMMR share is $13.94, that puts it down -61.9 from that peak though still a striking 31.01% gain since the share price plummeted to a 52-week low of $5.94. The company’s market capitalization is $277.07M, and the average intraday trading volume over the past 10 days was 1.61 million shares, and the average trade volume was 890.26K 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.16.
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Immersion Corp (NASDAQ:IMMR) trade information
Immersion Corp (IMMR) registered a -2.71% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.71% in intraday trading to $8.61, hitting a weekly high. The stock’s 5-day price performance is -13.03%, and it has moved by -30.40% in 30 days. Based on these gigs, the overall price performance for the year is 21.95%. The short interest in Immersion Corp (NASDAQ:IMMR) is 2.27 million shares and it means that shorts have 2.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 13.9% 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 discount of -16.14% off the target high and -16.14% 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 27.93% during the last six months, with a year-to-date growth rate more than the industry average at 48.08% against 35.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -42.90% this quarter and then jump 33.30% in the quarter after that. In the rating firms’ projections, revenue will increase 170.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.81M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 8.96M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.35M and 10.38M respectively. In this case, analysts expect current quarter sales to grow by 19.90% and then drop by -13.70% in the coming quarter.
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 96.23% in 2024, the next five years will return 15.00% per annum.
IMMR Dividends
Immersion Corp is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. 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 1.92 percent, continuing the trend of increasing dividends in recent years.
Immersion Corp (NASDAQ:IMMR)’s Major holders
Immersion Corp insiders own 8.95% of total outstanding shares while institutional holders control 63.86%, with the float percentage being 70.14%. BLACKROCK INC. is the largest shareholder of the company, while 209.0 institutions own stock in it. As of 2024-06-30, the company held over 2.25 million shares (or 7.2462% of all shares), a total value of $21.16 million in shares.
The next largest institutional holding, with 1.64 million shares, is of LSV ASSET MANAGEMENT’s that is approximately 5.2712% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $15.39 million.
