Analyzing the technical facts, Immersion Corporation (IMMR) current distance from 20-Day Simple Moving Average is 16.93% and standing 13.83% away from 50-Day Simple Moving Average while traded 52.09% away from 200-Day Simple Moving Average. Nokomis Capital L.L.C. now owns 1,679,154 shares of the software maker's stock valued at $11,855,000 after acquiring an additional 690,110 shares in the last quarter. The RSI is a momentum indicator developed by noted technical analyst Welles Wilder. Typically, the CCI oscillates above and below a zero line. Usually the RSI is considered overbought when above 70 and oversold when less than 30.
Tracking other technical indicators, the 14-day RSI is presently standing at 75.05, the 7-day sits at 88.53, and the 3-day is resting at 98.46 for Immersion Corp (IMMR). At the present, they have a price target for the Application Software set at $14. Its shares are now trading at $46.79 apiece.
Additionally on 3/03/17 Craig-Hallum "Downgrades" Immersion Corp (NASDAQ:IMMR) to Hold setting price target at $8 and on 4/18/16 Lake Street "Initiates Coverage on" the stock to Buy at $11.3. There is no concrete way to calculate a price target. After the giving short look at one day return of Immersion Corporation it is observed that IMMR reported positive return of 2.84% in last trading session. Insiders sold 21,179 shares of company stock valued at $251,918 over the last quarter. Two analysts have provided estimates for Immersion's earnings. The company offers TouchSense Lite and TouchSense Premium toolkits that enable original equipment manufacturers and their suppliers to add customized haptic technologies to their own branded devices and other products. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
Immersion Corporation (NASDAQ:IMMR) has gained 34.33% in value over the last three months, and 107.48% over the last six-month period. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, May 3rd. The firm had revenue of $85.42 million during the quarter, compared to the consensus estimate of $57.70 million. The high and low revenue estimates for the current quarter are $10.5 Million and $9.01 Million, respectively. The business's revenue was up 826.5% compared to the same quarter past year.
A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. Moving averages are a popular trading tool among investors. Now the price is sitting at 11.04% higher than its 50 days moving average. The 20-50 day MACD Oscillator, which can be used to identify bullish or bearish directional movement is now showing a "Sell" signal. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range. The ATR is not used to figure out price direction, just to measure volatility. The volatility in the previous week has recorded at 4.71% and seen at 3.17% in the previous month.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.
Immersion Corporation (IMMR) has an Analysts' Mean Recommendation of 1.7, according to data compiled by Finviz. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.
Immersion Corp (NASDAQ:IMMR) has an ABR of 1.33 which is the combined stock view of 3 analysts poll results.
A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future. A low P/E can indicate either that a company may now be undervalued or that the company is doing exceptionally well relative to its past trends. For Immersion Corporation, specifically, the RSI metric has reached 73.65.