Is it Time to Buy Immersion Stock at a P/E Multiple of 8.09X?

Immersion Corporation (IMMR) is currently trading at a low price-to-earnings (P/E) multiple, far below the Zacks Computer–Peripheral Equipment industry and broader tech sector averages. IMMR's forward 12-month P/E ratio sits at 8.09, significantly lower than the industry's average of 41.3 and the Zacks Computer and Technology sector's average of 25.6. Image Source: Zacks Investment Research This attractive valuation has been the result of the dramatic drop in Immersion's stock price since late July 2024 due ...