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.
As of close of business last night, Impinj Inc’s stock clocked out at $126.55, up 3.38% from its previous closing price of $122.41. In other words, the price has increased by $3.38 from its previous closing price. On the day, 0.52 million shares were traded. PI stock price reached its highest trading level at $127.53 during the session, while it also had its lowest trading level at $123.08.
Ratios:
To gain a deeper understanding of PI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.27. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 13 ’25 when DOSSETT JEFFREY sold 378 shares for $141.05 per share. The transaction valued at 53,316 led to the insider holds 67,052 shares of the business.
Baker Cary sold 290 shares of PI for $40,878 on Jan 13 ’25. The CHIEF FINANCIAL OFFICER now owns 71,754 shares after completing the transaction at $140.96 per share. On Jan 13 ’25, another insider, DIORIO CHRIS PH.D., who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 841 shares for $141.02 each. As a result, the insider received 118,600 and left with 333,856 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 3579922432 and an Enterprise Value of 3702937344. As of this moment, Impinj’s Price-to-Earnings (P/E) ratio for their current fiscal year is 149.46, and their Forward P/E ratio for the next fiscal year is 45.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.37 while its Price-to-Book (P/B) ratio in mrq is 26.28. Its current Enterprise Value per Revenue stands at 10.728 whereas that against EBITDA is 7878.59.
Stock Price History:
The Beta on a monthly basis for PI is 1.94, which has changed by 0.14295053 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, PI has reached a high of $239.88, while it has fallen to a 52-week low of $97.77. The 50-Day Moving Average of the stock is -17.66%, while the 200-Day Moving Average is calculated to be -25.11%.
Shares Statistics:
It appears that PI traded 573.64K shares on average per day over the past three months and 620330 shares per day over the past ten days. A total of 28.27M shares are outstanding, with a floating share count of 27.18M. Insiders hold about 3.90% of the company’s shares, while institutions hold 102.70% stake in the company. Shares short for PI as of 1736899200 were 4231445 with a Short Ratio of 7.38, compared to 1734048000 on 3781960. Therefore, it implies a Short% of Shares Outstanding of 4231445 and a Short% of Float of 22.59.
Earnings Estimates
Currently, 9.0 analysts are dedicated to thoroughly evaluating and rating the performance of Impinj Inc (PI) in the stock market.The consensus estimate for the next quarter is $0.43, with high estimates of $0.47 and low estimates of $0.4.
Analysts are recommending an EPS of between $2.16 and $1.99 for the fiscal current year, implying an average EPS of $2.07. EPS for the following year is $2.78, with 9.0 analysts recommending between $3.14 and $2.62.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $93.01M. It ranges from a high estimate of $95M to a low estimate of $92.4M. As of the current estimate, Impinj Inc’s year-ago sales were $70.65MFor the next quarter, 9 analysts are estimating revenue of $93.29M. There is a high estimate of $102M for the next quarter, whereas the lowest estimate is $90.35M.
A total of 9 analysts have provided revenue estimates for PI’s current fiscal year. The highest revenue estimate was $369.3M, while the lowest revenue estimate was $366.9M, resulting in an average revenue estimate of $367.49M. In the same quarter a year ago, actual revenue was $307.54MBased on 9 analysts’ estimates, the company’s revenue will be $442.81M in the next fiscal year. The high estimate is $469M and the low estimate is $428.5M.
