Imperial Petroleum Inc (NASDAQ:IMPP) traded at $3.68 at close of the session on Friday, April 05, made an upward move of 12.20% on its previous day’s price.
Looking at the stock we see that its previous close was $3.28 and the beta (5Y monthly) reads 1.20 . The company has a trailing 12-month PE ratio of 0.10. In terms of its 52-week price range, IMPP has a high of $4.53 and a low of $1.18. The company’s stock has gained about 23.08% over that past 30 days.
Imperial Petroleum Inc has a market cap of $62.89 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.02, with the EPS growth for the year raised at $2.68 for 2023 and $0.98 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $29.9 million, with a low of $29.9 million and a high of $29.9 million.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the IMPP stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 16.47% off its SMA20 and 16.66% from its 50-day simple moving average. The RSI (14) is pointing at 66.84 while the volatility over the past week is 7.70% and jumps to 5.53% over the past one month. The beta value is 1.17, while the average true range (ATR) is currently pointing at 0.19.
Coming back to Imperial Petroleum Inc (NASDAQ:IMPP), we note that the average 3-month trading volume was 521.30K, while that of the preceding 10-day period stands at 0.48 million. Current shares outstanding are 17.09 million.
The insiders hold 65.74% of the company’s shares while institutions hold 6.91%. The data shows that short shares as of Mar 15, 2024, stood at 3.8 million at a short ratio of 8.64. This represents a 15.12% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 4.39 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 39.39% up in year-to-date price movement.
