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As of close of business last night, Impinj Inc’s stock clocked out at $120.91, down -2.24% from its previous closing price of $123.68. In other words, the price has decreased by -$2.24 from its previous closing price. On the day, 0.8 million shares were traded. PI stock price reached its highest trading level at $128.645 during the session, while it also had its lowest trading level at $120.415.
Ratios:
To gain a deeper understanding of PI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.59 and its Current Ratio is at 8.73. In the meantime, Its Debt-to-Equity ratio is 8.63 whereas as Long-Term Debt/Eq ratio is at 8.53.
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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $160.
On March 14, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $120 to $130.
Needham reiterated its Buy rating for the stock on February 09, 2024, while the target price for the stock was revised from $115 to $120.
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 Apr 15 ’24 when DIORIO CHRIS PH.D. sold 1,244 shares for $118.67 per share. The transaction valued at 147,626 led to the insider holds 286,230 shares of the business.
DOSSETT JEFFREY sold 498 shares of PI for $59,111 on Apr 15 ’24. The CHIEF REVENUE OFFICER now owns 60,850 shares after completing the transaction at $118.70 per share. On Apr 15 ’24, another insider, MECKLAI HUSSEIN, who serves as the CHIEF OPERATING OFFICER of the company, sold 435 shares for $118.75 each. As a result, the insider received 51,656 and left with 55,414 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 3288474112 and an Enterprise Value of 3469828608. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.87 while its Price-to-Book (P/B) ratio in mrq is 96.24. Its current Enterprise Value per Revenue stands at 11.283 whereas that against EBITDA is -124.193.
Stock Price History:
Over the past 52 weeks, PI has reached a high of $141.03, while it has fallen to a 52-week low of $48.39. The 50-Day Moving Average of the stock is 3.74%, while the 200-Day Moving Average is calculated to be 42.88%.
Shares Statistics:
It appears that PI traded 356.43K shares on average per day over the past three months and 305080 shares per day over the past ten days. A total of 27.17M shares are outstanding, with a floating share count of 26.47M. Insiders hold about 4.31% of the company’s shares, while institutions hold 100.85% stake in the company. Shares short for PI as of 1711584000 were 3333129 with a Short Ratio of 9.35, compared to 1709164800 on 3266984. Therefore, it implies a Short% of Shares Outstanding of 3333129 and a Short% of Float of 14.32.
