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The price of Purple Innovation Inc (NASDAQ: PRPL) closed at $1.02 in the last session, down -1.92% from day before closing price of $1.04. In other words, the price has decreased by -$1.92 from its previous closing price. On the day, 0.66 million shares were traded.
Ratios:
We take a closer look at PRPL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 5.46 whereas as Long-Term Debt/Eq ratio is at 4.88.
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.
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 28 ’24 when DeMartini Robert bought 138,834 shares for $1.03 per share. The transaction valued at 143,152 led to the insider holds 663,669 shares of the business.
DeMartini Robert bought 51,061 shares of PRPL for $50,280 on Jun 26 ’24. The Chief Executive Officer now owns 514,730 shares after completing the transaction at $0.98 per share. On Jun 27 ’24, another insider, DeMartini Robert, who serves as the Chief Executive Officer of the company, bought 10,105 shares for $1.01 each. As a result, the insider paid 10,224 and bolstered with 524,835 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 3.92.
Stock Price History:
Over the past 52 weeks, PRPL has reached a high of $2.33, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is 3.80%, while the 200-Day Moving Average is calculated to be -5.14%.
Shares Statistics:
A total of 107.52M shares are outstanding, with a floating share count of 102.94M. Insiders hold about 4.25% of the company’s shares, while institutions hold 71.12% stake in the company.
Earnings Estimates
The market rating for Purple Innovation Inc (PRPL) is a result of the insights provided by 7.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.07 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.44 and -$0.51 for the fiscal current year, implying an average EPS of -$0.48. EPS for the following year is -$0.3, with 6.0 analysts recommending between -$0.22 and -$0.37.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $129.39M. It ranges from a high estimate of $131.65M to a low estimate of $127.3M. As of the current estimate, Purple Innovation Inc’s year-ago sales were $145.94MFor the next quarter, 8 analysts are estimating revenue of $117.28M. There is a high estimate of $126.03M for the next quarter, whereas the lowest estimate is $108M.
A total of 8 analysts have provided revenue estimates for PRPL’s current fiscal year. The highest revenue estimate was $490.55M, while the lowest revenue estimate was $486.2M, resulting in an average revenue estimate of $488.29M. In the same quarter a year ago, actual revenue was $510.54MBased on 8 analysts’ estimates, the company’s revenue will be $496.86M in the next fiscal year. The high estimate is $522.69M and the low estimate is $484.1M.
