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Why the growth investor may take a look at IMMERSION CORPORATION (NASDAQ:IMMR).

By Mill Chart

Last update: Jun 3, 2024

In this article we will dive into IMMERSION CORPORATION (NASDAQ:IMMR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed IMMERSION CORPORATION showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

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What matters for canslim investors.

  • The earnings per share (EPS) of IMMERSION CORPORATION have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 138.0% increase. This reflects the company's ability to improve its profitability over time.
  • IMMERSION CORPORATION has achieved 520.0% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
  • The 3-year EPS growth of IMMERSION CORPORATION (47.44%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
  • In terms of Return on Equity(ROE), IMMERSION CORPORATION is performing well, achieving a 22.02% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
  • The Relative Strength (RS) of IMMERSION CORPORATION has been consistently solid, with a current 93.04 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. IMMERSION CORPORATION exhibits strong prospects for further price appreciation.
  • IMMERSION CORPORATION maintains a healthy Debt-to-Equity ratio of 0.0. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
  • With 55.99% of the total shares held by institutional investors, IMMERSION CORPORATION showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Insights from Technical Analysis

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Taking everything into account, IMMR scores 9 out of 10 in our technical rating. 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.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • IMMR is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 74% of 32 stocks in the same industry.
  • IMMR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month IMMR has a been trading in the 7.17 - 10.17 range, which is quite wide. It is currently trading near the high of this range.
  • When comparing the yearly performance of all stocks, we notice that IMMR is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Our latest full technical report of IMMR contains the most current technical analsysis.

What else is there to say on the fundamentals of NASDAQ:IMMR?

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

Overall IMMR gets a fundamental rating of 6 out of 10. We evaluated IMMR against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the health and profitability get an excellent rating, making IMMR a very profitable company, without any liquidiy or solvency issues. IMMR has a bad growth rate and is valued cheaply. These ratings would make IMMR suitable for value investing!

Our latest full fundamental report of IMMR contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.


This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.