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- 1 Imperial stock price fell by 8.87% over the past seven days.
- 2 Imperial Petroleum Inc. ( NASDAQ: IMPP) stock’s 52-week price range is $1.79 – $4.93.
While the Oil and Gas industry’s earnings increased by 22.3% per year on average, Imperial Petroleum’s earnings grew at a much higher rate of 121.9% annually. As reported by simply wall, a website that offers financial insights and analysis, the company’s revenues also rose significantly, at an average annual rate of 803.7%. Imperial Petroleum has a return on equity of 19.2% and net margins of 38.3%.
The company’s debt-to-equity ratio is 13.4%, as its total shareholder equity is $339.2 Million and its total debt is $45.5 Million. Its total assets and total liabilities, as reported by simply wall, a website that offers financial insights and analysis, are $400.3 Million and $61.1 Million respectively. The company has an EBIT of $64.9 Million, which gives it an interest coverage ratio of 353.8. It also has $114.1 Million in cash and short-term investments.
The market capitalization of IMPP stock is $44.226 Million and the total revenue is $98.46 Million. The stock’s basic EPS is $4.92 and the price-to-earnings ratio is 0.71. The average volume is 594.711k and the current volume is 1.033 Million, the current volume is above average volume.
Moreover, the stock has not done well this month as it declined by -26.50% and it has dropped by -30.01% in the last six months. Imperial Petroleum Inc. (NASDAQ: IMPP) stock has a negative year-to-date return of -14.16% and a negative 1-year return of -47.75%.
Technical Analysis of Imperial Stock Price in 1-D Timeframe
The price action shows that Imperial stock price ( NASDAQ: IMPP) has been dropping since reaching its peak price of $4.93. IMPP stock price lost about 62% of its value by May 4th and hit major support at $1.84. Then, the IMPP price bounced back and climbed almost 110% to a high of $3.91.
However, from the $3.91 level, the IMPP price took a pullback as the bears were stronger and the price could not hold up. The IMPP price also formed a head and shoulder pattern, which is a bearish sign that indicates a likely continuation of the downward trend and a possible fall below the support level.
Moreover, The IMPP stock has been trading below major moving averages, which are both going down, indicating a negative momentum. The stock has been creating lower highs and lower lows, indicating a lasting downtrend.
Based on this analysis, the price action view of IMPP stock is negative and suggests that the stock may continue to fall in the near future unless it breaks above the resistance level and reverses the downtrend.
At the time of publishing, Imperial stock price ( NASDAQ: IMPP) is trading below the 20, 50, 100, and 200-day EMAs (exponential moving average), which is rejecting the price trend. Hence, the IMPP Price is expected to move downwards, giving bearish views over the daily time frame chart.
The current value of RSI is 38.58 points. The 14 SMA is below the median line at 45.21 points which indicates that the price is bearish as the RSI is in bearish territory.
The MACD line at 0.0875 and signal line at 0.0337 are below the zero line and a bearish crossover was observed in the MACD oscillator which signals more bearishness for the IMPP Stock.
Summary
Imperial stock price shows that the investors and traders of the stock are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical parameters of the IMPP stock also support the bearish trend. The major indicators MACD, RSI, and EMA are giving negative signals and imply that the downtrend may continue.
Technical Levels
- The nearest support levels: $2.44 and $1.85.
- The nearest resistance levels: $3.41 and $3.93.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
