Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Immersion Corp (NASDAQ: IMMR) improved recently. IMMR’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Immersion Corp (NASDAQ: IMMR) stock closed at $9.41 on 5/20/24 after a modest gain of 0.7%. Moreover, this advance was accompanied by above average trading volume at 143% of normal. The stock has risen 13.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, IMMR is expected to continue to be a modest Value Builder.
Immersion has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Immersion has a slightly positive Power Rating of 62 and a slightly positive Appreciation Score of 64, triggering the Positive Value Trend Rating.
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