At the time of writing, Immersion Corp [IMMR] stock is trading at $8.37, up 0.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IMMR shares have gain 17.06% over the last week, with a monthly amount glided 20.26%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Immersion Corporation Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Fourth Quarter GAAP Net Income of $16.0 million or $0.49 per diluted share.
From an analyst’s perspective:
Immersion Corp [NASDAQ: IMMR] stock has seen the most recent analyst activity on February 06, 2023, when BWS Financial initiated its Buy rating and assigned the stock a price target of $11. Previously, Colliers Securities downgraded its rating to Neutral on November 04, 2021. On December 29, 2020, Colliers Securities reiterated its Buy rating and revised its price target to $15 on the stock. Craig Hallum reiterated its Buy rating and increased its price target to $12 on September 02, 2020. Craig Hallum reiterated its recommendation of a Buy and reduced its price target to $9 on March 06, 2020. Craig Hallum reiterated a Buy rating for this stock on August 02, 2019, and downed its price target to $12. In a note dated May 14, 2019, Dougherty & Company upgraded an Buy rating on this stock but restated the target price of $13.
For the past year, the stock price of Immersion Corp fluctuated between $5.94 and $9.25. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Immersion Corp [NASDAQ: IMMR] shares were valued at $8.37 at the most recent close of the market. An investor can expect a potential return of 19.47% based on the average IMMR price forecast.
Analyzing the IMMR fundamentals
According to Immersion Corp [NASDAQ:IMMR], the company’s sales were 33.92M for trailing twelve months, which represents an 13.27% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 1.27%, and Net Profit Margin reading is 1.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.2 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.21 points at the first support level, and at 8.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.55, and for the 2nd resistance point, it is at 8.72.
Immersion Corp [IMMR] reported earnings per share of $0.52 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0.36 and a surprise factor of 225.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.12 per share as compared to estimates of $0.33 per share, a difference of -$0.21 representing a surprise of -63.60%.
Ratios To Look Out For
It is important to note that Immersion Corp [NASDAQ:IMMR] has a current ratio of 8.93. Also, the Quick Ratio is 8.93, while the Cash Ratio stands at 2.9. Considering the valuation of this stock, the price to sales ratio is 7.82, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 8.09.
Transactions by insiders
Recent insider trading involved Nader Elias, Director, that happened on Mar 13 ’24 when 13000.0 shares were sold. 10% Owner, TORO 18 HOLDINGS LLC completed a deal on Dec 06 ’23 to buy 11281.0 shares. Meanwhile, 10% Owner TORO 18 HOLDINGS LLC bought 14380.0 shares on Dec 05 ’23.
