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Immersion (IMMR) Stock Dips While Market Gains: Key Facts
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Immersion (IMMR - Free Report) closed the most recent trading day at $6.89, moving -0.14% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.18%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.1%.
The touch-based technology company's shares have seen an increase of 4.07% over the last month, surpassing the Computer and Technology sector's gain of 1.84% and the S&P 500's gain of 2.75%.
The investment community will be paying close attention to the earnings performance of Immersion in its upcoming release. On that day, Immersion is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 57.78%. Our most recent consensus estimate is calling for quarterly revenue of $9.25 million, up 0.98% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Immersion. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Immersion currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Immersion is presently trading at a Forward P/E ratio of 9.32. Its industry sports an average Forward P/E of 27.99, so one might conclude that Immersion is trading at a discount comparatively.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Immersion (IMMR) Stock Dips While Market Gains: Key Facts
Immersion (IMMR - Free Report) closed the most recent trading day at $6.89, moving -0.14% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.18%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.1%.
The touch-based technology company's shares have seen an increase of 4.07% over the last month, surpassing the Computer and Technology sector's gain of 1.84% and the S&P 500's gain of 2.75%.
The investment community will be paying close attention to the earnings performance of Immersion in its upcoming release. On that day, Immersion is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 57.78%. Our most recent consensus estimate is calling for quarterly revenue of $9.25 million, up 0.98% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Immersion. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Immersion currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Immersion is presently trading at a Forward P/E ratio of 9.32. Its industry sports an average Forward P/E of 27.99, so one might conclude that Immersion is trading at a discount comparatively.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 53, putting it in the top 22% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.