The trading price of Immersion Corp (NASDAQ:IMMR) closed lower on Friday, August 02, closing at $11.14, -7.71% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 8.08. In examining the 52-week price action we see that the stock hit a 52-week high of $13.94 and a 52-week low of $5.94. Over the past month, the stock has gained 17.14% in value.
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Immersion Corp, whose market valuation is $354.81 million at the time of this writing. The dividend yield on the company stock is 1.48%, while its Forward Dividend ratio is 0.17. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest IMMR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.54, which symbolizes a positive outlook. A quick review shows that IMMR’s price is currently -6.23% off the SMA20 and 3.74% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.93, and weekly volatility stands at 6.76%. When measured over the past 30 days, the indicator reaches 5.46%. Immersion Corp (NASDAQ:IMMR)’s beta value is currently sitting at 1.51, while the Average True Range indicator is currently displaying 0.67.
To see how Immersion Corp stock has been performing in comparison to its peers in the industry, here are the numbers: IMMR stock’s performance was -7.71% in the latest trading, and 59.37% in the past year. Immersion Corp has a P/E ratio of 8.08.
An evaluation of the daily trading volume of Immersion Corp (NASDAQ:IMMR) indicates that the 3-month average is 708.03K.
Currently, records show that 31.53 million of the company’s shares remain outstanding. The insiders hold 10.70% of outstanding shares, whereas institutions hold 56.65%. However, since the stock’s price has seen 57.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
