Gaining Ground: Impinj Inc (PI) Closes Lower at 149.91, Down -9.00

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The price of Impinj Inc (NASDAQ: PI) closed at $149.91 in the last session, down -9.00% from day before closing price of $164.74. In other words, the price has decreased by -$9.00 from its previous closing price. On the day, 1.45 million shares were traded. PI stock price reached its highest trading level at $153.89 during the session, while it also had its lowest trading level at $145.7531.


We take a closer look at PI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 206.64. For the most recent quarter (mrq), Quick Ratio is recorded 6.87 and its Current Ratio is at 9.42. In the meantime, Its Debt-to-Equity ratio is 3.42 whereas as Long-Term Debt/Eq ratio is at 3.38.

On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $200.

On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $160.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $160 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 04 ’24 when DIORIO CHRIS PH.D. sold 5,000 shares for $164.85 per share. The transaction valued at 824,245 led to the insider holds 286,230 shares of the business.

DIORIO CHRIS PH.D. sold 5,000 shares of PI for $817,684 on Jun 03 ’24. The CHIEF EXECUTIVE OFFICER now owns 286,230 shares after completing the transaction at $163.54 per share. On May 31 ’24, another insider, DIORIO CHRIS PH.D., who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 5,000 shares for $163.21 each. As a result, the insider received 816,050 and left with 286,230 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 4155070464 and an Enterprise Value of 4274464768. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.92 while its Price-to-Book (P/B) ratio in mrq is 48.26. Its current Enterprise Value per Revenue stands at 14.321 whereas that against EBITDA is -140.631.

Stock Price History:

Over the past 52 weeks, PI has reached a high of $175.41, while it has fallen to a 52-week low of $48.39. The 50-Day Moving Average of the stock is 1.85%, while the 200-Day Moving Average is calculated to be 51.88%.

Shares Statistics:

According to the various share statistics, PI traded on average about 440.16K shares per day over the past 3-months and 497990 shares per day over the past 10 days. A total of 27.17M shares are outstanding, with a floating share count of 26.58M. Insiders hold about 4.12% of the company’s shares, while institutions hold 101.10% stake in the company. Shares short for PI as of 1715731200 were 3277055 with a Short Ratio of 7.45, compared to 1713139200 on 3301651. Therefore, it implies a Short% of Shares Outstanding of 3277055 and a Short% of Float of 17.870001.

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