Immersion(IMMR)

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Rags to Riches: 3 Metaverse Stocks That Could Make Early Investors Rich
Investor Place· 2024-06-28 11:00
The integration of artificial intelligence (AI), blockchain, and advanced graphics technologies is also enhancing the capabilities and appeal of metaverse platforms, which could make the particularly worthwhile for investors. Roblox (RBLX) RBLX is my contrarian play out of the three stocks discussed in this article. Unity Software (U) Unity reported Q1 2024 results in line with expectations, with a total revenue of $460 million, down 8% yearover-year, primarily due to portfolio adjustments. The company's st ...
Rags to Riches: 3 VR Stocks That Could Make Early Investors Rich
Investor Place· 2024-06-24 10:00
When it comes to the rising virtual reality market, the fundamental attribute to consider is immersion. Unlike prior innovations in the advanced interface ecosystem, VR systems essentially put the operator into the digital environment. Yes, VR stocks to buy commands significant relevancies in the gaming sector. However, immersion is a concept that applies to many other industries. As a result, the sector features robust potentiality. According to MarketsandMarkets, the global VR sector may reach a valuation ...
Are Computer and Technology Stocks Lagging Immersion (IMMR) This Year?
ZACKS· 2024-06-18 14:41
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Immersion (IMMR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. Immersion is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sect ...
Bull Of The Day: Immersion (IMMR)
ZACKS· 2024-06-11 12:10
Immersion (IMMR) is a Zacks Rank #1 (Strong Buy) that has a B for Value and an C for Growth. This is company makes peripheral computer equipment that is used in smartphones, game controllers and there are expanding deeper into the automotive segment as well. Let's explore more about this company in this Bull of The Day article. Earnings History For Immersion, I see two beats, one earnings meet and one miss of the Zacks Consensus Estimate over the last year. The average positive earnings surprise over the la ...
New Strong Buy Stocks for June 10th
ZACKS· 2024-06-10 10:50
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: The ODP Corporation (ODP) : This company which is a provider of business services, products and digital workplace technology solutions to small, medium and enterprise businesses, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. WilliamsSonoma (WSM) : This company which is a multi-channel specialty retailer of premium quality home products, has seen the Zacks Consensus Estimate f ...
The Metaverse Awaits: 3 Stocks You Can't Afford to Miss This Month
Investor Place· 2024-06-06 11:42
Despite the shared spotlight with advances in artificial intelligence, metaverse stocks to buy still attract big-time investment opportunities. Considering that the development of this idea will take at least a decade, those who enter early could see a significant bump in the expansion of this concept, as it becomes more popular. Therefore, these three metaverse stocks are an excellent investment opportunity for anyone interested in investing in the next big thing. Meta Platforms (NASDAQ:META) consistently ...
3 Tech Stock Disruptors to Buy Before They Take Off
Investor Place· 2024-06-05 10:00
These three exceptional tech stocks to buy offer investors noteworthy opportunities. The first is notable for its skillful handling of rising operational costs and its deliberate matching of expenditures with rising income. Even with the increase in costs, the company's cost control guarantees a favorable atmosphere for long-term top-line growth. The third exhibits strong bottom-line growth, propelled by notable rises in net income. This growing trend highlights the company's appeal to investors looking for ...
Is Immersion (IMMR) Stock Outpacing Its Computer and Technology Peers This Year?
ZACKS· 2024-05-30 14:46
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Immersion (IMMR) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Immersion is a member of our Computer and Technology group, which includes 618 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges ...
Virtual Victors: The Top 3 Stocks That Will Dominate the Metaverse Landscape
investorplace.com· 2024-05-29 19:17
Industry Overview - The metaverse is a virtual world where users can interact, play, and socialize, driven by advancements in virtual reality (VR) and augmented reality (AR) technologies, with an expected compound annual growth rate (CAGR) of over 41% [1][2] Company Analysis: Immersion (IMMR) - Immersion is a leader in haptics technology, providing realistic touch sensations through digital devices, with applications in mobile phones, automotive interfaces, and gaming peripherals [4] - For Q1 2024, Immersion reported total revenue of $43.8 million, a 520% year-over-year increase from $7.1 million, significantly exceeding analyst estimates of $24.94 million. Net income rose to $19.8 million, or $0.63 per diluted share, compared to $9.5 million, or $0.29 per diluted share, in the previous year [5] - Immersion secured key licensing agreements, including a deal with Meta Platforms for haptics patents and a renewal with Nintendo, reinforcing its market position [6] - IMMR stock has increased by 38% year-to-date, trading at 8.2x forward earnings and 4.4x sales, with a 12-month price target of $10.50 indicating a potential upside of approximately 10% [7] Company Analysis: Unity Software (U) - Unity Software is a real-time 3D development platform that enables creators to build interactive experiences across various sectors, including gaming, VR applications, and automotive design [9] - The company reported mixed financial results, with total revenues declining 8% year-over-year to $460.4 million, although this figure beat analyst estimates by 6%. The diluted net loss per share increased by 12% to $0.75 [10] - Unity formed a strategic partnership with Mazda to develop next-generation human-machine interfaces for vehicles, indicating its expansion into automotive applications [11] - U stock has decreased nearly 50% in 2024, currently trading at 3.7 times sales, with a price forecast of $26 suggesting a 25% upside [12] Company Analysis: Roundhill Ball Metaverse ETF (METV) - The Roundhill Ball Metaverse ETF is focused on investing in companies at the forefront of the metaverse, including those involved in hardware, software development, and networking infrastructure [14] - Launched in June 2021, METV has 38 holdings, with the top 10 comprising about 50% of net assets totaling $406 million. Key sectors include gaming platforms (22%), computing components (19%), and cloud solutions (14.9%) [15] - Since January, METV has returned around 10% and recently reached a 2-year high, with a trailing price-to-earnings (P/E) ratio of 22.1x, making it an attractive option for investors [16]
3 Metaverse Stocks to Buy Now: May 2024
investorplace.com· 2024-05-25 10:51
Metaverse market forecasts are all over the place but the consensus points to upwards of 25% growth through 2031. These projections make it one of the fastest-growing industries, and those involved in the space are set to rake in millions. Moreover, HSBC (NYSE:HSBC) recently launched a fund to capitalize on metaverse opportunities, targeting high-ticket clients in Hong Kong and Singapore. Roblox (RBLX) Source: Michael Vi / Shutterstock.com Roblox (NYSE:RBLX) is one of the "OG" metaverse plays, enabling its ...