At the time of writing, Immersion Corp [IMMR] stock is trading at $10.61, up 3.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The IMMR shares have gain 11.57% over the last week, with a monthly amount glided 7.50%, and seem to be holding up well over a long-time horizon.
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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 $11.04. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Immersion Corp [NASDAQ: IMMR] shares were valued at $10.61 at the most recent close of the market. An investor can expect a potential drop of -5.75% based on the average IMMR price forecast.
Analyzing the IMMR fundamentals
According to Immersion Corp [NASDAQ:IMMR], the company’s sales were 70.69M for trailing twelve months, which represents an 519.83% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.82%, and Net Profit Margin reading is 0.63%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.25 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 10.40 points at the first support level, and at 10.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.74, and for the 2nd resistance point, it is at 10.87.
Ratios To Look Out For
It is important to note that Immersion Corp [NASDAQ:IMMR] has a current ratio of 6.44. On the other hand, the Quick Ratio is 6.44, and the Cash Ratio is 3.03. Considering the valuation of this stock, the price to sales ratio is 4.78, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 7.69.
Transactions by insiders
Recent insider trading involved DODSON J MICHAEL, Chief Financial Officer, that happened on Jun 13 ’24 when 4947.0 shares were sold. Director, Nader Elias completed a deal on Mar 13 ’24 to sell 13000.0 shares. Meanwhile, 10% Owner TORO 18 HOLDINGS LLC bought 11281.0 shares on Dec 06 ’23.
