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Imperial Petroleum Inc. (IMPP) Quarterly Performance is -39.04%: Here is the Surprise Factor

At the end of the latest market close, Imperial Petroleum Inc. (IMPP) was valued at $0.31. In that particular session, Stock kicked-off at the price of $0.33 while reaching the peak value of $0.3367 and lowest value recorded on the day was $0.31. The stock current value is $0.29.Recently in News on September 15, 2022, Imperial Petroleum Inc. Declares Dividend on Series a Preferred Shares. Imperial Petroleum Inc. (Nasdaq: IMPP) a ship-owning company currently providing petroleum product and crude oil seaborne transportation services, today announced a dividend of approximately $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”), payable on September 30, 2022 to holders of record as of September 27, 2022. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on June 30, 2022 through September 29, 2022. You can read further details here

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Imperial Petroleum Inc. shares are logging -96.96% during the 52-week period from high price, and -4.84% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.31 and $9.70.

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The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 5292364 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Imperial Petroleum Inc. (IMPP) recorded performance in the market was -85.42%, having the revenues showcasing -39.04% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 60.54M.

The Analysts eye on Imperial Petroleum Inc. (IMPP)

During the last month, 0 analysts gave the Imperial Petroleum Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.4802, with a change in the price was noted -0.66. In a similar fashion, Imperial Petroleum Inc. posted a movement of -69.22% for the period of last 100 days, recording 32,765,184 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IMPP is recording 0.10 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.08.

Technical rundown of Imperial Petroleum Inc. (IMPP)

Raw Stochastic average of Imperial Petroleum Inc. in the period of last 50 days is set at 1.80%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 4.33%. In the last 20 days, the company’s Stochastic %K was 5.29% and its Stochastic %D was recorded 4.74%.

Considering, the past performance of Imperial Petroleum Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -85.42%. The shares increased approximately by -14.75% in the 7-day charts and went down by -13.84% in the period of the last 30 days. Common stock shares were lifted by -39.04% during last recorded quarter.

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