With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.82 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $8.638 whereas the lowest price it dropped to was $8.22. The 52-week range on IMMR shows that it touched its highest point at $13.94 and its lowest point at $6.33 during that stretch. It currently has a 1-year price target of $13.75. With its current market cap of 268.53 million, IMMR has annualized dividend of $0.18 while the current yield stands at 2.16%. Beta for the stock currently stands at 1.51.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IMMR was down-trending over the past week, with a drop of -1.77%, but this was down by -1.89% over a month. Three-month performance dropped to -11.11% while six-month performance fell -15.19%. The stock gained 27.80% in the past year, while it has gained 17.85% so far this year. A look at the trailing 12-month EPS for IMMR yields 2.05 with Next year EPS estimates of 0.64. For the next quarter, that number is 0.35. This implies an EPS growth rate of 96.23% for this year and -72.36% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.61%.
Float and Shares Shorts:
At present, 31.53 million IMMR shares are outstanding with a float of 28.72 million shares on hand for trading. On 2024-10-31, short shares totaled 3.39 million, which was 1053.9999599999999 higher than short shares on 1727654400. In addition to Mr. Eric Brandon Singer as the firm’s CEO, President & Chairperson, Mr. James Michael Dodson serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 0.6234 of IMMR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, IMMR reported revenue of $99424000.0 and operating income of $27784000.0. The EBITDA in the recently reported quarter was $34594000.0 and diluted EPS was $0.89.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IMMR since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IMMR analysts setting a high price target of 14.0 and a low target of 13.5, the average target price over the next 12 months is 13.75. Based on these targets, IMMR could surge 68.27% to reach the target high and rise by 62.26% to reach the target low. Reaching the average price target will result in a growth of 65.26% from current levels.
Analysts have provided yearly estimates in a range of $2.95142 being high and $1.67958 being low. For IMMR, this leads to a yearly average estimate of $2.3155. The surprise factor in the prior quarter was $0.16. Based on analyst estimates, the high estimate for the next quarter is $0.35 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.35.
