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Wednesday, September 27, 2023

Value Investing Philosophy And Imperial Petroleum Inc. (NASDAQ: IMPP)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Imperial Petroleum Inc. (IMPP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -1.49%, to $1.32. The Imperial Petroleum Inc. has recorded 8,939 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Imperial Petroleum announces $10 million share repurchase program and agreement to acquire two vessels.

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Stocks Info

IMPP belongs to the Energy sector of the NASDAQ while operating in the Oil & Gas Midstream industry. The current market capitalization of Imperial Petroleum Inc. is $34.06M. A total of 0.84 million shares were traded on the day, compared to an average of 827.29K shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, IMPP has a high of $7.33 and a low of $1.18.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IMPP’s latest balance sheet shows that the firm has $3.39M in Cash & Short Term Investments as of fiscal 2021. There were $27.84M in debt and $8.63M in liabilities at the time. Its Book Value Per Share was $19.34, while its Total Shareholder’s Equity was $96.75M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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