Imperial Petroleum Inc (NASDAQ:IMPP) price on Friday, January 17, fall -3.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.97.
A look at the stock’s price movement, the close in the last trading session was $3.08, moving within a range at $2.97 and $3.12. The beta value (5-Year monthly) was 1.099 while the PE ratio in trailing twelve months stood at 2.39. Turning to its 52-week performance, $4.59 and $2.72 were the 52-week high and 52-week low respectively. Overall, IMPP moved 3.48% over the past month.
Imperial Petroleum Inc’s market cap currently stands at around $90.08 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 37M for the company’s revenue for the quarter, with a low and high estimate of 37M and 37M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IMPP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend IMPP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IMPP’s current price about -3.63% and -6.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.88, while 7-day volatility ratio is 6.19% and 5.67% in the 30-day chart. Further, Imperial Petroleum Inc (IMPP) has a beta value of 1.10, and an average true range (ATR) of 0.17.
If we refocus on Imperial Petroleum Inc (NASDAQ:IMPP), historical trading data shows that trading volumes averaged 0.28 over the past 10 days and 224.00K over the past 3 months. The company’s latest data on shares outstanding shows there are 29.01 million shares.
The 38.58% of Imperial Petroleum Inc’s shares are in the hands of company insiders while institutional holders own 17.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.94 million on 2024-11-15, giving us a short ratio of 18.28. The data shows that as of 2024-11-15 short interest in Imperial Petroleum Inc (IMPP) stood at 1313.9999999999998 of shares outstanding, with shares short rising to 2.89 million registered in 2024-10-15. Current price change has pushed the stock -1.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IMPP stock continues to rise going into the next quarter.
