Immersion (IMMR) Stock Moves -0.24%: What You Should Know

The latest trading session saw Immersion (IMMR) ending at $8.35, denoting a -0.24% adjustment from its last day's close. This move was narrower than the S&P 500's daily loss of 0.28%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.33%.The the stock of touch-based technology company has fallen by 5.32% in the past month, lagging the Computer and Technology sector's gain of 2.1% and the S&P 500's gain of 0.41%.The investment community will be closely monitoring the performance of Immersion in its forthcoming earnings report. On that day, Immersion is projected to report earnings of $0.15 per share, which would represent year-over-year growth of 87.5%. Alongside, our most recent consensus estimate is anticipating revenue of $10.13 million, indicating a 6.86% upward movement from the same quarter last year.For the full year, the Zacks Consensus Estimates are projecting earnings of $1.96 per share and revenue of $116.8 million, which would represent changes of +88.46% and +244.35%, respectively, from the prior year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Immersion. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Immersion boasts a Zacks Rank of #3 (Hold).Looking at its valuation, Immersion is holding a Forward P/E ratio of 4.27. This represents a discount compared to its industry's average Forward P/E of 13.45.The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 70, which puts it in the top 28% of all 250+ industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Immersion Corporation (IMMR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks