IMMR Stock Summary and Trading Ideas (Immersion | NASDAQ:IMMR)

Immersion Corp is focused on the creation, design, development, and licensing of haptic technologies that allow people to use its sense of touch more fully as it involves engaging with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Japan, followed by Korea, Germany, United States of America and other countries.

Immersion trades on the NASDAQ stock market under the symbol IMMR.

As of May 14, 2024, IMMR stock price climbed to $8.90 with 280,211 million shares trading.

IMMR has a beta of 0.48, meaning it tends to be less sensitive to market movements. IMMR has a correlation of 0.04 to the broad based SPY ETF.

IMMR has a market cap of $283.51 million. This is considered a Small Cap stock.

Last quarter Immersion reported $44 million in Revenue and $.63 earnings per share. This beat revenue expectation by $19 million and exceeded earnings estimates by $.08.

In the last 3 years, IMMR stock traded as high as $9.78 and as low as $4.28.

The top ETF exchange traded funds that IMMR belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

IMMR has outperformed the market in the last year with a price return of +31.4% while the SPY ETF gained +28.4%. IMMR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.2% and +22.8%, respectively, while the SPY returned +6.0% and +2.3%, respectively.

IMMR support price is $8.27 and resistance is $8.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IMMR stock will trade within this expected range on the day.