Extremely significant positive changes in Immersion Corp (NASDAQ: IMMR) investment behavior have recently occurred: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Recent important positive changes in fundamentals have benefitted Immersion Corp (NASDAQ: IMMR): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Immersion has a neutral Appreciation Score of 56 and a slightly positive Power Rating of 70, producing the High Neutral Value Trend Rating.
Recent Price Action
On 11/8/24, Immersion Corp (NASDAQ: IMMR) stock enjoyed a very large increase of 6.8%, closing at $8.94. Moreover, this advance was accompanied by exceptionally high trading volume at 204% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.0% during the last week.
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