Shares of Immersion Corporation (NASDAQ:IMMR) traded at a new 52-week high today of $18.00. This new high was reached on above average trading volume as 55.5 million shares traded hands, while the average 30-day volume is approximately 368,000 shares.
Immersion Corp is focused on the creation, design, development, and licensing of innovative haptic technologies that allow people to use its sense of touch more fully as they engage with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Korea.
Immersion Corporation (NASDAQ:IMMR) has potential upside of 3.5% based on a current price of $5.05 and analysts' consensus price target of $5.23.
Over the past year, Immersion Corporation has traded in a range of $4.38 to $9.78 and is now at $5.05.
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