Exploring growth characteristics of IMMERSION CORPORATION (NASDAQ:IMMR).

In this article we will dive into IMMERSION CORPORATION (NASDAQ:IMMR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed IMMERSION CORPORATION showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Why NASDAQ:IMMR may be interesting for canslim investors.

• The EPS of IMMERSION CORPORATION has exhibited growth from one quarter to another (Q2Q), with a 138.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• The quarter-to-quarter (Q2Q) revenue growth of 520.0% of IMMERSION CORPORATION has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• The EPS of IMMERSION CORPORATION has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• With a solid Return on Equity (ROE) of 22.02%, IMMERSION CORPORATION exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• IMMERSION CORPORATION has achieved an impressive Relative Strength (RS) rating of 94.98, showcasing its ability to outperform the broader market. This strong performance positions IMMERSION CORPORATION as an attractive stock for potential price appreciation.
• Maintaining a Debt-to-Equity ratio of 0.0, IMMERSION CORPORATION demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With institutional shareholders at 55.99%, IMMERSION CORPORATION demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Technical analysis of NASDAQ:IMMR

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, IMMR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMMR is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that IMMR is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by IMMR over the past year are nicely spread over this period.
• IMMR is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 74% of 32 stocks in the same industry.
• IMMR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMMR is lagging the market slightly.
• In the last month IMMR has a been trading in the 9.59 - 11.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of IMMR for a complete technical analysis.

What else is there to say on the fundamentals of NASDAQ:IMMR?

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

We assign a fundamental rating of 7 out of 10 to IMMR. IMMR was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. IMMR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. IMMR may be a bit undervalued, certainly considering the very reasonable score on growth This makes IMMR very considerable for value investing!

For an up to date full fundamental analysis you can check the fundamental report of IMMR

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.