Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Purple Innovation Inc (NASDAQ: PRPL) closed at $0.93 in the last session, up 13.49% from day before closing price of $0.82. In other words, the price has increased by $13.49 from its previous closing price. On the day, 4.2 million shares were traded. PRPL stock price reached its highest trading level at $1.08 during the session, while it also had its lowest trading level at $0.88.
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 0.64 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 132.03 whereas as Long-Term Debt/Eq ratio is at 120.16.
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.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRPL now has a Market Capitalization of 100710464 and an Enterprise Value of 258114928. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 74.99. Its current Enterprise Value per Revenue stands at 0.547 whereas that against EBITDA is -22.622.
Stock Price History:
The Beta on a monthly basis for PRPL is 1.42, which has changed by -0.30522388 over the last 52 weeks, in comparison to a change of 0.17774606 over the same period for the S&P500. Over the past 52 weeks, PRPL has reached a high of $1.50, while it has fallen to a 52-week low of $0.56. The 50-Day Moving Average of the stock is 20.37%, while the 200-Day Moving Average is calculated to be 10.27%.
Shares Statistics:
According to the various share statistics, PRPL traded on average about 793.11K shares per day over the past 3-months and 1131950 shares per day over the past 10 days. A total of 107.95M shares are outstanding, with a floating share count of 103.17M. Insiders hold about 4.67% of the company’s shares, while institutions hold 69.66% stake in the company. Shares short for PRPL as of 1751241600 were 2061015 with a Short Ratio of 2.60, compared to 1748563200 on 3353389. Therefore, it implies a Short% of Shares Outstanding of 2061015 and a Short% of Float of 3.66.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
