For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Purple Innovation Inc (NASDAQ: PRPL) closed at $1.07 down -4.46% from its previous closing price of $1.12. In other words, the price has decreased by -$4.46 from its previous closing price. On the day, 0.79 million shares were traded. PRPL stock price reached its highest trading level at $1.13 during the session, while it also had its lowest trading level at $1.055.
Ratios:
For a deeper understanding of Purple Innovation Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on September 04, 2024, Downgraded its rating to Neutral and sets its target price to $1.10 from $1.75 previously.
On March 13, 2024, ROTH MKM Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $2 to $2.50.
Craig Hallum Upgraded its Hold to Buy on November 10, 2022, whereas the target price for the stock was revised from $4 to $6.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRPL now has a Market Capitalization of 115821088 and an Enterprise Value of 277917024. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25. Its current Enterprise Value per Revenue stands at 0.608 whereas that against EBITDA is -29.89.
Stock Price History:
The Beta on a monthly basis for PRPL is 1.58, which has changed by -0.08547008 over the last 52 weeks, in comparison to a change of 0.14064062 over the same period for the S&P500. Over the past 52 weeks, PRPL has reached a high of $1.37, while it has fallen to a 52-week low of $0.56. The 50-Day Moving Average of the stock is 33.43%, while the 200-Day Moving Average is calculated to be 26.91%.
Shares Statistics:
For the past three months, PRPL has traded an average of 723.04K shares per day and 902170 over the past ten days. A total of 108.24M shares are outstanding, with a floating share count of 103.19M. Insiders hold about 4.67% of the company’s shares, while institutions hold 65.08% stake in the company. Shares short for PRPL as of 1753920000 were 2037593 with a Short Ratio of 2.82, compared to 1751241600 on 2061015. Therefore, it implies a Short% of Shares Outstanding of 2037593 and a Short% of Float of 3.6199997999999995.
Earnings Estimates
As of right now, 4.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.01 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.32 and -$0.4 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.23, with 4.0 analysts recommending between -$0.12 and -$0.32.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $123.21M this quarter.It ranges from a high estimate of $124.52M to a low estimate of $121.07M. As of the current estimate, Purple Innovation Inc’s year-ago sales were $118.6MFor the next quarter, 5 analysts are estimating revenue of $139.62M. There is a high estimate of $143.86M for the next quarter, whereas the lowest estimate is $136.7M.
A total of 5 analysts have provided revenue estimates for PRPL’s current fiscal year. The highest revenue estimate was $477.57M, while the lowest revenue estimate was $467.72M, resulting in an average revenue estimate of $472.09M. In the same quarter a year ago, actual revenue was $487.88MBased on 5 analysts’ estimates, the company’s revenue will be $528.11M in the next fiscal year. The high estimate is $548.5M and the low estimate is $499.37M.
