Immersion Corp (NASDAQ:IMMR) has a beta value of 1.48 and has seen 1.76 million shares traded in the last trading session. The company, currently valued at $280.61M, closed the last trade at $8.72 per share which meant it lost -$0.68 on the day or -7.23% during that session. The IMMR stock price is -59.86% off its 52-week high price of $13.94 and 31.88% above the 52-week low of $5.94. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.84 million shares traded. The 3-month trading volume is 930.64K shares.
The consensus among analysts is that Immersion Corp (IMMR) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.34.
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Immersion Corp (NASDAQ:IMMR) trade information
Sporting -7.23% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IMMR stock price touched $8.72 or saw a rise of 7.53%. Year-to-date, Immersion Corp shares have moved 23.51%, while the 5-day performance has seen it change -5.11%. Over the past 30 days, the shares of Immersion Corp (NASDAQ:IMMR) have changed -21.72%. Short interest in the company has seen 2.27 million shares shorted with days to cover at 2.35.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 12.8% from current levels. The projected low price target is $10.0 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -14.68% off the targeted high while a plunge would see the stock gain -14.68% from current levels.
Immersion Corp (IMMR) estimates and forecasts
Figures show that Immersion Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 29.19% over the past 6 months, with this year growth rate of 48.08%, compared to 35.00% for the industry. Revenue growth from the last financial year stood is estimated to be 967.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 136.06M for the current quarter. 2 have an estimated revenue figure of 106.21M for the next ending quarter. Year-ago sales stood 7.35M and 10.38M respectively for this quarter and the next, and analysts expect sales will grow by 1,751.20% for the current quarter and 967.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -9.61% over the past 5 years. Earnings growth for 2024 is a modest 96.23% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
IMMR Dividends
Immersion Corp is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.17 at a share yield of 1.89%. The company’s dividend yield has gone up over the past 12 months.
Immersion Corp (NASDAQ:IMMR)’s Major holders
Insiders own 9.17% of the company shares, while shares held by institutions stand at 64.29% with a share float percentage of 70.78%. Investors are also buoyed by the number of investors in a company, with Immersion Corp having a total of 212.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 2.25 million shares worth more than $21.16 million. As of 2024-06-30, BLACKROCK INC. held 7.2462% of shares outstanding.
The other major institutional holder is LSV ASSET MANAGEMENT, with the holding of over 1.64 million shares as of 2024-06-30. The firm’s total holdings are worth over $15.39 million and represent 5.2712% of shares outstanding.
