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After finishing at $148.06 in the prior trading day, Impinj Inc (NASDAQ: PI) closed at $141.81, down -4.22%. In other words, the price has decreased by -$4.22 from its previous closing price. On the day, 0.67 million shares were traded. PI stock price reached its highest trading level at $150.99 during the session, while it also had its lowest trading level at $139.77.
Ratios:
Our goal is to gain a better understanding of PI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.52. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 0.05.
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 this company, Cantor Fitzgerald on July 18, 2024, initiated with a Overweight rating and assigned the stock a target price of $205.
On July 11, 2024, Piper Sandler reiterated its Overweight rating and also lowered its target price recommendation from $150 to $180.
Goldman Downgraded its Buy to Neutral on May 20, 2024, while the target price for the stock was maintained at $156.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 21 ’24 when PHELAN CATHAL G sold 697 shares for $186.14 per share. The transaction valued at 129,738 led to the insider holds 6,776 shares of the business.
PHELAN CATHAL G bought 697 shares of PI for $129,738 on Nov 21 ’24. On Nov 12 ’24, another insider, SYLEBRA CAPITAL LLC, who serves as the of the company, sold 11,926 shares for $198.56 each. As a result, the insider received 2,367,990 and left with 2,131,810 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PI now has a Market Capitalization of 4011606272 and an Enterprise Value of 4134620928. As of this moment, Impinj’s Price-to-Earnings (P/E) ratio for their current fiscal year is 167.49, and their Forward P/E ratio for the next fiscal year is 52.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 16.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.62 while its Price-to-Book (P/B) ratio in mrq is 29.45. Its current Enterprise Value per Revenue stands at 11.979 whereas that against EBITDA is 8797.066.
Stock Price History:
Over the past 52 weeks, PI has reached a high of $239.88, while it has fallen to a 52-week low of $78.17. The 50-Day Moving Average of the stock is -26.58%, while the 200-Day Moving Average is calculated to be -14.67%.
Shares Statistics:
The stock has traded on average 611.61K shares per day over the past 3-months and 717040 shares per day over the last 10 days, according to various share statistics. A total of 28.27M shares are outstanding, with a floating share count of 27.17M. Insiders hold about 3.97% of the company’s shares, while institutions hold 102.98% stake in the company. Shares short for PI as of 1732838400 were 3321062 with a Short Ratio of 5.43, compared to 1730332800 on 3136115. Therefore, it implies a Short% of Shares Outstanding of 3321062 and a Short% of Float of 17.729999.
