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Immersion (IMMR) Stock Sinks As Market Gains: What You Should Know
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Immersion (IMMR - Free Report) closed at $6.57 in the latest trading session, marking a -1.05% move from the prior day. This move lagged the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq gained 0.22%.
Prior to today's trading, shares of the touch-based technology company had lost 5.01% over the past month. This has lagged the Computer and Technology sector's loss of 3.18% and the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Immersion as it approaches its next earnings release. In that report, analysts expect Immersion to post earnings of $0.12 per share. This would mark a year-over-year decline of 57.14%. Our most recent consensus estimate is calling for quarterly revenue of $7.7 million, down 45.04% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.75 per share and revenue of $31 million, which would represent changes of -14.77% and -19.4%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Immersion. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Immersion is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Immersion is currently trading at a Forward P/E ratio of 8.85. Its industry sports an average Forward P/E of 21.42, so we 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 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow IMMR in the coming trading sessions, be sure to utilize Zacks.com.
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Immersion (IMMR) Stock Sinks As Market Gains: What You Should Know
Immersion (IMMR - Free Report) closed at $6.57 in the latest trading session, marking a -1.05% move from the prior day. This move lagged the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq gained 0.22%.
Prior to today's trading, shares of the touch-based technology company had lost 5.01% over the past month. This has lagged the Computer and Technology sector's loss of 3.18% and the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Immersion as it approaches its next earnings release. In that report, analysts expect Immersion to post earnings of $0.12 per share. This would mark a year-over-year decline of 57.14%. Our most recent consensus estimate is calling for quarterly revenue of $7.7 million, down 45.04% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.75 per share and revenue of $31 million, which would represent changes of -14.77% and -19.4%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Immersion. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Immersion is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Immersion is currently trading at a Forward P/E ratio of 8.85. Its industry sports an average Forward P/E of 21.42, so we 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 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow IMMR in the coming trading sessions, be sure to utilize Zacks.com.