Immersion Corp (NASDAQ:IMMR)’s traded shares stood at 0.73 million during the last session, with the company’s beta value hitting 1.49. At the close of trading, the stock’s price was $9.28, to imply an increase of 3.80% or $0.34 in intraday trading. The IMMR share’s 52-week high remains $13.94, putting it -50.22% down since that peak but still an impressive 35.99% since price per share fell to its 52-week low of $5.94. The company has a valuation of $298.63M, with an average of 1.18 million shares in intraday trading volume over the past 10 days and average of 1.00 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Immersion Corp (IMMR), translating to a mean rating of 1.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give IMMR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.34.

Immersion Corp (NASDAQ:IMMR) trade information

After registering a 3.80% upside in the last session, Immersion Corp (IMMR) has traded red over the past five days. The 5-day price performance for the stock is 6.91%, and -8.75% over 30 days. With these gigs, the year-to-date price performance is 31.44%. Short interest in Immersion Corp (NASDAQ:IMMR) saw shorts transact 3.08 million shares and set a 2.52 days time to cover.

The extremes give us $10 and $10 for target low and target high price respectively. As such, IMMR has been trading -7.76% off suggested target high and -7.76% from its likely low.

Immersion Corp (IMMR) estimates and forecasts

Looking at statistics comparing Immersion Corp share performance against respective industry, we note that the company has outperformed competitors. Immersion Corp (IMMR) shares are 11.40% up over the last 6 months, with its year-to-date growth rate higher than industry average at 88.46% against 45.40%. Revenue is forecast to grow 21.40% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 967.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 136.06M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 106.21M.Earnings reports from the last fiscal year show that sales brought in 7.35M and 10.38M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1,751.20% before jumping 923.20% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -9.61% for the past 5-year period. While 2024 is set for a 96.23% return in earnings, projections for the next 5 years are at 15.00% annually.

IMMR Dividends

Immersion Corp has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Immersion Corp has a forward dividend ratio of 0.17, with the share yield ticking at 1.78% to continue the rising pattern observed over the past year.

Immersion Corp (NASDAQ:IMMR)’s Major holders

Immersion Corp insiders hold 9.17% of total outstanding shares, with institutional holders owning 64.56% of the shares at 71.08% float percentage. In total, 64.56% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 2.25 million shares (or 7.2462% of shares), all amounting to roughly $21.16 million.

The next major institution holding the largest number of shares is LSV ASSET MANAGEMENT with 1.64 million shares, or about 5.2712% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $15.39 million.