Immersion Corporation (NASDAQ:IMMR) shares fell to a low of $8.41 before closing at $8.71. Intraday shares traded counted 0.43 million, which was 48.97% higher than its 30-day average trading volume of 837.10K. IMMR’s previous close was $8.45 while the outstanding shares total 28.58M. The firm has a beta of 1.82, a 12-month trailing P/E ratio of 20.07, and a growth ratio of 1.34. The stock’s Relative Strength Index (RSI) is 58.71, with weekly volatility at 4.01% and ATR at 0.38. The IMMR stock’s 52-week price range has touched low of $5.67 and a $16.64 high. The stock traded higher over the last trading session, gaining 3.08% on 05/27/21.
Investors have identified the Software – Application company Immersion Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $267.66 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Immersion Corporation (IMMR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 115.87 million total, with 9.22 million as their total liabilities.
IMMR were able to record 4.35 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by 43.1 million. In cash movements, the company had a total of 4.41 million as operating cash flow.
Potential earnings growth for Immersion Corporation (IMMR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Immersion Corporation recorded a total of 7.16 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 12.6% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -52.74%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 29000.0 trying to sell their products during the last quarter, with the result yielding a gross income of 7.13 million. This allows shareholders to hold on to 28.58M with the recently reported earning now reading 0.07 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.08 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.78 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IMMR sounds very interesting.
Is the stock of IMMR attractive?
In related news, Interim CEO/VP Worldwide Sales, Smith Jared sold 2,750 shares of the company’s stock in a transaction that recorded on Mar 17. The sale was performed at an average price of 10.13, for a total value of 27,858. As the sale deal closes, the Interim CEO/VP Worldwide Sales, Smith Jared now sold 33,500 shares of the company’s stock, valued at 362,547. Also, Director, Singer Eric sold 100,000 shares of the company’s stock in a deal that was recorded on Mar 12. The shares were price at an average price of 10.69 per share, with a total market value of 1,069,140. Following this completion of acquisition, the General Counsel, Okada Michael Rudolf now holds 2,000 shares of the company’s stock, valued at 21,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
2 out of 2 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Immersion Corporation. 0 analysts has assigned a Sell rating on the IMMR stock. The 12-month mean consensus price target for the company’s shares has been set at $13.50.