IMMERSION TECHNOLOGY (IMMR)

[price_and_volume]

"Under the radar Metaverse Stock"

https://www.fool.com/investing/2021/11/28/2-under-the-radar-metaverse-stocks-that-could-make/

Investors haven't fared so well with Immersion (NASDAQ:IMMR). The tech stock has lost nearly half of its value so far this year. But the metaverse could present a tremendous opportunity.

The company is a pioneer in the development of haptic technology, which provides touch feedback to users. It holds more than 1,700 issued or pending patents for its haptic technology.

Immersion's business model is to license its technology to manufacturers. Customers include automotive suppliers, gaming-device makers, and mobile-device makers. Apple, Bosch, Google, Nintendo, Samsung, Sony, and many other companies use Immersion's haptic systems.

Haptic technology will likely be in high demand as the metaverse takes off within the next few years. There are other companies, including Meta Platforms, that will be major players in meeting that demand. However, Immersion's haptic expertise and broad intellectual property portfolio could give it a key advantage.

The company's market cap is only around $200 million. Immersion could grow much larger if the rise of the metaverse serves as a major catalyst for haptic-technology licensing sales.