(IMMR) Immersion - Overview

Sector: TechnologyIndustry: Software - Application | Exchange NASDAQ (USA) | Currency USD | Market Cap: 216m | Total Return -24.5% in 12m

Stock: Touch Technology, Software, Licensing, Textbooks, Marketing

Total Rating 36

Risk 29

Buy Signal -1.20

Software - Application +15.0
Technology Hardware, Storage & Peripherals +6.9

Market Cap: 216m
Avg Trading Vol: 2.16M USD

ATR: 3.86%
Peers RS (IBD): 26.2

Risk 5d forecast
Volatility	55.2%
Relative Tail Risk	-6.71%

Reward TTM
Sharpe Ratio	-0.78
Alpha	-42.79

Character TTM
Beta	1.267
Beta Downside	1.723

Drawdowns 3y
Max DD	56.13%
CAGR/Max DD	-0.21

EPS (Earnings per Share)

EPS CAGR: -14.57%
EPS Trend: -5.6%

Last SUE: -0.42
Qual. Beats: 0

Revenue

Rev. CAGR: 168.70%
Rev. Trend: 85.6%

Last SUE: 4.00
Qual. Beats: 3

Description: IMMR Immersion March 04, 2026

Immersion Corporation (IMMR) specializes in haptic technology, owning intellectual property that simulates the sense of touch in digital devices. Haptic technology is increasingly integrated into user interfaces across various industries.

The company licenses its patented technology, software, and tools. This business model is common for IP-centric firms, where revenue is generated through licensing agreements rather than direct product sales.

IMMRs technology serves diverse markets including mobile, gaming, automotive, and medical devices. The automotive sector, for example, is increasingly incorporating haptic feedback for controls and alerts.

For a deeper dive into IMMRs financials and market position, consider exploring ValueRay.

Headlines to watch out for

New licensing agreements expand haptic technology market penetration
Royalty revenue from existing patents drives financial performance
Litigation outcomes impact intellectual property valuation
Automotive industry adoption of haptics boosts future growth

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: 7.95m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -0.50 > 1.0
NWC/Revenue: 16.12% < 20% (prev 147.6%; Δ -131.5% < -1%)
CFO/TA -0.03 > 3% & CFO -33.3m > Net Income 7.95m
Net Debt (182.4m) to EBITDA (125.0m): 1.46 < 3
Current Ratio: 1.75 > 1.5 & < 3
Outstanding Shares: last quarter (32.6m) vs 12m ago 0.28% < -2%
Gross Margin: 91.09% > 18% (prev 0.75%; Δ 9.03k% > 0.5%)
Asset Turnover: 145.4% > 50% (prev 13.74%; Δ 131.6% > 0%)
Interest Coverage Ratio: 4.85 > 6 (EBITDA TTM 125.0m / Interest Expense TTM 19.6m)

Altman Z'' 2.30

A: 0.24 (Total Current Assets 626.3m - Total Current Liabilities 358.0m) / Total Assets 1.10b
B: 0.03 (Retained Earnings 32.3m / Total Assets 1.10b)
C: 0.08 (EBIT TTM 95.3m / Avg Total Assets 1.14b)
D: 0.05 (Book Value of Equity 32.7m / Total Liabilities 715.6m)
Altman-Z'' Score: 2.30 = BBB

Beneish M 1.00

DSRI: 0.07 (Receivables 108.6m/143.8m, Revenue 1.66b/163.1m)
GMI: 0.82 (GM 91.09% / 74.88%)
AQI: 1.16 (AQ_t 0.20 / AQ_t-1 0.18)
SGI: 10.20 (Revenue 1.66b / 163.1m)
TATA: 0.04 (NI 7.95m - CFO -33.3m) / TA 1.10b)
Beneish M-Score: 2.78 (Cap -4..+1) = D

What is the price of IMMR shares?

As of March 30, 2026, the stock is trading at USD 5.55 with a total of 1,025,912 shares traded.
Over the past week, the price has changed by -8.72%, over one month by -9.17%, over three months by -17.44% and over the past year by -24.51%.

Is IMMR a buy, sell or hold?

Immersion has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy IMMR.

StrongBuy: 1
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the IMMR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	13.5	143.2%
Analysts Target Price	13.5	143.2%

IMMR Fundamental Data Overview March 28, 2026

P/E Trailing = 3.5944
P/E Forward = 14.6199
P/S = 0.1255
P/B = 0.6858
P/EG = -0.45
Revenue TTM = 1.66b USD
EBIT TTM = 95.3m USD
EBITDA TTM = 125.0m USD
Long Term Debt = 103.1m USD (from longTermDebt, last fiscal year)
Short Term Debt = 46.4m USD (from shortTermDebt, last quarter)
Debt = 182.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 182.4m USD (from netDebt column, last quarter)
Enterprise Value = 219.8m USD (216.1m + Debt 182.4m - CCE 178.7m)
Interest Coverage Ratio = 4.85 (Ebit TTM 95.3m / Interest Expense TTM 19.6m)
EV/FCF = -4.64x (Enterprise Value 219.8m / FCF TTM -47.4m)
FCF Yield = -21.55% (FCF TTM -47.4m / Enterprise Value 219.8m)
FCF Margin = -2.84% (FCF TTM -47.4m / Revenue TTM 1.66b)
Net Margin = 0.48% (Net Income TTM 7.95m / Revenue TTM 1.66b)
Gross Margin = 91.09% ((Revenue TTM 1.66b - Cost of Revenue TTM 148.4m) / Revenue TTM)
Gross Margin QoQ = 36.07% (prev none%)
Tobins Q-Ratio = 0.20 (Enterprise Value 219.8m / Total Assets 1.10b)
Interest Expense / Debt = 4.25% (Interest Expense 7.74m / Debt 182.4m)
Taxrate = 25.51% (39.3m / 154.1m)
NOPAT = 71.0m (EBIT 95.3m * (1 - 25.51%))
Current Ratio = 1.75 (Total Current Assets 626.3m / Total Current Liabilities 358.0m)
Debt / Equity = 0.62 (Debt 182.4m / totalStockholderEquity, last quarter 295.8m)
Debt / EBITDA = 1.46 (Net Debt 182.4m / EBITDA 125.0m)
Debt / FCF = -3.85 (negative FCF - burning cash) (Net Debt 182.4m / FCF TTM -47.4m)
Total Stockholder Equity = 306.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.69% (Net Income 7.95m / Total Assets 1.10b)
RoE = 2.60% (Net Income TTM 7.95m / Total Stockholder Equity 306.0m)
RoCE = 23.28% (EBIT 95.3m / Capital Employed (Equity 306.0m + L.T.Debt 103.1m))
RoIC = 15.77% (NOPAT 71.0m / Invested Capital 450.0m)
WACC = 7.11% (E(216.1m)/V(398.5m) * Re(10.44%) + D(182.4m)/V(398.5m) * Rd(4.25%) * (1-Tc(0.26)))
Discount Rate = 10.44% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.14%
[DCF] Fair Price = unknown (Cash Flow -47.4m)
EPS Correlation: -5.58 | EPS CAGR: -14.57% | SUE: -0.42 | # QB: 0
Revenue Correlation: 85.59 | Revenue CAGR: 168.7% | SUE: 4.0 | # QB: 3
EPS next Year (2026-04-30): EPS=0.42 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=-76.9% | Growth Revenue=+5.2%

Additional Sources for IMMR Stock

Fund Manager Positions: Dataroma | Stockcircle