Analyst Expects Immersion Corp (NASDAQ: IMMR) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, IMMR falls under the Technology sector while operating within the Software – Application industry segment. The current market capitalization of Immersion Corp is $334.11M. A total of 0.7 million shares were traded on the day, compared to an average of 760.91K shares.

In the most recent transaction, DODSON J MICHAEL sold 4,947 shares of IMMR for 10.68 per share on Jun 13 ’24. After the transaction, the Chief Financial Officer now owns 45,053 company shares. In a previous transaction on Mar 13 ’24, Nader Elias sold 13,000 shares at 8.22 per share. IMMR shares that Director owns now total 29,266.

Among the insiders who bought shares, TORO 18 HOLDINGS LLC acquired of 11,281 shares on Dec 06 ’23 at a per-share price of $7.60. This resulted in the 10% Owner holding 1,544,147 shares of IMMR after the transaction. In another insider transaction, TORO 18 HOLDINGS LLC bought 14,380 shares at $7.73 per share on Dec 05 ’23. Company shares held by the 10% Owner now total 1,532,866.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Immersion Corp pays an annual dividend of $0.17, resulting in a dividend yield of 1.57%, and it has a price to earnings (P/E) ratio of 7.61. IMMR’s most recent ex-dividend date was 7/8/2024 when it declared a $0.0450 quarterly dividend that was paid in cash on 7/26/2024. Previously, the company paid the dividend on 4/19/2024 with an ex-dividend date of 4/11/2024. The IMMR stock dividend was $0.0450 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, IMMR has a high of $13.94 and a low of $5.94.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. IMMR’s latest balance sheet shows that the firm has $137.92M in Cash & Short Term Investments as of fiscal 2021. There were $1.10M in debt and $16.63M in liabilities at the time. Its Book Value Per Share was $4.20, while its Total Shareholder’s Equity was $141.29M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IMMR is Buy with a score of 4.50.

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