Why NASDAQ:IMMR qualifies as a high growth stock.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if IMMERSION CORPORATION (NASDAQ:IMMR) is suited for growth investing. Investors should of course do their own research, but we spotted IMMERSION CORPORATION showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of NASDAQ:IMMR highlighted

• IMMERSION CORPORATION has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 138.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• IMMERSION CORPORATION has experienced 520.0% q2q revenue growth, indicating a significant sales increase.
• 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.
• IMMERSION CORPORATION has achieved an impressive Return on Equity (ROE) of 22.02%, showcasing its ability to generate favorable returns for shareholders.
• The Relative Strength (RS) of IMMERSION CORPORATION has consistently been strong, with a current 95.48 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. IMMERSION CORPORATION demonstrates promising potential for sustained price momentum.
• With a current Debt-to-Equity ratio at 0.0, IMMERSION CORPORATION showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• IMMERSION CORPORATION exhibits a favorable ownership structure, with an institutional shareholder ownership of 55.91%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

In-Depth Technical Analysis of NASDAQ:IMMR

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall IMMR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, IMMR has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• IMMR is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 83% of 32 stocks in the same industry.
• IMMR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month IMMR has a been trading in the 9.28 - 11.04 range, which is quite wide. It is currently trading near the high of this range.
• Looking at the yearly performance, IMMR did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Our latest full technical report of IMMR contains the most current technical analsysis.

How does the complete fundamental picture look for 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.

IMMR gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. IMMR gets an excellent profitability rating and is at the same time showing great financial health properties. IMMR has a decent growth rate and is not valued too expensively.

Our latest full fundamental report of IMMR contains the most current fundamental analsysis.

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.