Immersion is a licensing company focused on the invention, acceleration, and scaling, through licensing, of haptic technologies that allow people to use their sense of touch to engage with products in the digital world around them. Co.'s main business is in the mobility, gaming, and automotive markets. Co. provides technology, intellectual property and haptic capabilities through a variety of offerings, including technology licenses, patent licenses, and combined licenses that cover both technology and patents. Co. provides licenses to its other technology through integrated licensing kit offerings that may include tools, software, firmware, reference designs, and related documentation. More details about Immersion at:
http://www.immersion.com.
ETFs holding IMMR »
Should Immersion shares be counted among the
Top 10 Cheap Technology Stocks? To start, we see that the recent trading price for IMMR stock is $7.48 (as of 3/28/2024). The most recent quarter's (MRQ) earnings result, annualized, was $2.08/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Immersion produced $1.25/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.24/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 6.0 for the TTM Median method, 3.6 for price to earnings using MRQ annualized, and 6.0 for current price/TTM earnings. Based on IMMR's history, that recent TTM PE is low relative to the historical average, with the recent PE 79.4% lower than the average (TTM method) of 29.1.