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Delving into NASDAQ:IMMR's Growth Prospects.

By Mill Chart

Last update: May 13, 2024

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if IMMERSION CORPORATION (NASDAQ:IMMR) is suited for growth investing. Investors should of course do their own research, but we spotted IMMERSION CORPORATION showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of NASDAQ:IMMR highlighted

  • The EPS of IMMERSION CORPORATION has exhibited growth from one quarter to another (Q2Q), with a 138.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
  • The quarter-to-quarter (Q2Q) revenue growth of 520.0% of IMMERSION CORPORATION has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
  • IMMERSION CORPORATION has achieved 47.44% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
  • The Return on Equity(ROE) of IMMERSION CORPORATION is 22.02%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
  • IMMERSION CORPORATION has exhibited strong Relative Strength(RS) in recent periods, with a current 80.05 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. IMMERSION CORPORATION shows promising potential for continued price momentum.
  • With a current Debt-to-Equity ratio at 0.0, IMMERSION CORPORATION showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
  • IMMERSION CORPORATION exhibits a favorable ownership structure, with an institutional shareholder ownership of 58.15%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

What is the technical picture of NASDAQ:IMMR telling us.

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to IMMR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMMR is showing a nice and steady performance.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that IMMR is one of the better performing stocks in the market, outperforming 80% of all stocks.
  • IMMR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMMR is lagging the market slightly.
  • In the last month IMMR has a been trading in the 7.06 - 8.37 range, which is quite wide. It is currently trading near the high of this range.
  • IMMR is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, IMMR did better than 67% of them.
  • Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Check the latest full technical report of IMMR for a complete technical analysis.

What is the full fundamental picture of NASDAQ:IMMR telling us.

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to IMMR. IMMR was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. IMMR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. IMMR has a valuation in line with the averages, but it does not seem to be growing.

Check the latest full fundamental report of IMMR for a complete fundamental analysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.



NASDAQ:IMMR (6/11/2024, 7:00:03 PM)

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