Imperial Petroleum Inc. (NASDAQ:IMPP) shares traded -5.42% lower at $0.35 on Wall Street last session.
IMPP stock price is now -6.94% away from the 50-day moving average and -57.30% away from the 200-day moving average. The market capitalization of the company currently stands at $68.67M.
A total of 0.54% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IMPP stock. A new stake in Imperial Petroleum Inc. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $656,000. GEODE CAPITAL MANAGEMENT, LLC invested $32,000 in shares of IMPP during the first quarter. In the first quarter, TOWER RESEARCH CAPITAL LLC (TRC) acquired a new stake in Imperial Petroleum Inc. valued at approximately $5,000. CAPITAL CS GROUP, LLC acquired a new stake in IMPP for approximately $4,000. In total, there are 23 active investors with 2.90% ownership of the company’s stock.
During the past 12 months, Imperial Petroleum Inc. has had a low of $0.26 and a high of $9.70. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 5.70, and a quick ratio of 5.30. The fifty day moving average price for IMPP is $0.3786 and a two-hundred day moving average price translates $0.8250 for the stock.
The latest earnings results from Imperial Petroleum Inc. (NASDAQ: IMPP) was released for Sep, 2022. The net profit margin was 22.60% and return on equity was 7.10% for IMPP. The company reported revenue of $42.64 million for the quarter, compared to $4.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 932.72 percent.
Imperial Petroleum Inc.(IMPP) Company Profile
Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece.