Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Impinj Inc (NASDAQ: PI) closed the day trading at $136.52 down -8.57% from the previous closing price of $149.31. In other words, the price has decreased by -$8.57 from its previous closing price. On the day, 1.76 million shares were traded. PI stock price reached its highest trading level at $149.0 during the session, while it also had its lowest trading level at $128.077.
Ratios:
For a better understanding of PI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.05. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3861959680 and an Enterprise Value of 3984974336. As of this moment, Impinj’s Price-to-Earnings (P/E) ratio for their current fiscal year is 161.24, and their Forward P/E ratio for the next fiscal year is 49.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.19 while its Price-to-Book (P/B) ratio in mrq is 28.36. Its current Enterprise Value per Revenue stands at 11.545 whereas that against EBITDA is 8478.669.
Stock Price History:
The Beta on a monthly basis for PI is 1.89, which has changed by 0.58941877 over the last 52 weeks, in comparison to a change of 0.22212577 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 $78.17. The 50-Day Moving Average of the stock is -19.28%, while the 200-Day Moving Average is calculated to be -18.91%.
Shares Statistics:
Over the past 3-months, PI traded about 552.33K shares per day on average, while over the past 10 days, PI traded about 396130 shares per day. A total of 28.27M shares are outstanding, with a floating share count of 27.19M. Insiders hold about 3.89% of the company’s shares, while institutions hold 102.61% stake in the company. Shares short for PI as of 1735603200 were 4193761 with a Short Ratio of 7.59, compared to 1732838400 on 3321062. Therefore, it implies a Short% of Shares Outstanding of 4193761 and a Short% of Float of 22.389999.
