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The price of Impinj Inc (NASDAQ: PI) closed at $198.23 in the last session, up 2.76% from day before closing price of $192.91. In other words, the price has increased by $2.76 from its previous closing price. On the day, 0.62 million shares were traded. PI stock price reached its highest trading level at $198.83 during the session, while it also had its lowest trading level at $193.27.
Ratios:
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 32.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.24. 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:
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 Nov 05 ’24 when SYLEBRA CAPITAL LLC bought 206,153 shares for $196.58 per share.
SYLEBRA CAPITAL LLC sold 95,670 shares of PI for $18,675,779 on Nov 04 ’24. The 10% Owner now owns 2,903,505 shares after completing the transaction at $195.21 per share. On Nov 01 ’24, another insider, SYLEBRA CAPITAL LLC, who serves as the 10% Owner of the company, sold 22,373 shares for $195.00 each. As a result, the insider received 4,362,735 and left with 2,999,175 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 5573434368 and an Enterprise Value of 5730661376. As of this moment, Impinj’s Price-to-Earnings (P/E) ratio for their current fiscal year is 234.12, and their Forward P/E ratio for the next fiscal year is 72.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 23.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.25 while its Price-to-Book (P/B) ratio in mrq is 41.17. Its current Enterprise Value per Revenue stands at 16.602 whereas that against EBITDA is 12192.897.
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 $66.54. The 50-Day Moving Average of the stock is -1.43%, while the 200-Day Moving Average is calculated to be 27.90%.
Shares Statistics:
According to the various share statistics, PI traded on average about 530.50K shares per day over the past 3-months and 786490 shares per day over the past 10 days. A total of 27.17M shares are outstanding, with a floating share count of 27.14M. Insiders hold about 4.06% of the company’s shares, while institutions hold 99.49% stake in the company. Shares short for PI as of 1728950400 were 3900275 with a Short Ratio of 7.35, compared to 1726185600 on 3074613. Therefore, it implies a Short% of Shares Outstanding of 3900275 and a Short% of Float of 20.82.
