IMPP Stock Summary and Trading Ideas (Imperial Ptrl | NASDAQ:IMPP)

Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemicals.

Imperial Ptrl trades on the NASDAQ stock market under the symbol IMPP.

As of January 3, 2025, IMPP stock price declined to $3.26 with 276,496 million shares trading.

IMPP has a beta of -0.05, meaning it tends to be less sensitive to market movements. IMPP has a correlation of 0.00 to the broad based SPY ETF.

IMPP has a market cap of $109.95 million. This is considered a Micro Cap stock.

Last quarter Imperial Ptrl reported $33 million in Revenue and $.32 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.32.

In the last 3 years, IMPP traded as high as $145.50 and as low as $1.18.

IMPP has underperformed the market in the last year with a return of +15.6%, while the SPY ETF gained +27.8%. In the last 3 month period, IMPP fell short of the market, returning -22.0%, while SPY returned +4.6%. However, in the most recent 2 weeks IMPP has outperformed the stock market by returning +14.8%, while SPY returned +0.1%.

IMPP support price is $3.21 and resistance is $3.41 (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 IMPP shares will trade within this expected range on the day.