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After finishing at $218.30 in the prior trading day, Impinj Inc (NASDAQ: PI) closed at $227.14, up 4.05%. In other words, the price has increased by $4.05 from its previous closing price. On the day, 0.54 million shares were traded. PI stock price reached its highest trading level at $227.6 during the session, while it also had its lowest trading level at $214.53.
Ratios:
Our goal is to gain a better understanding of PI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.95. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 2.51 whereas as Long-Term Debt/Eq ratio is at 0.06.
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 Oct 14 ’24 when MECKLAI HUSSEIN sold 427 shares for $237.75 per share. The transaction valued at 101,520 led to the insider holds 60,041 shares of the business.
DOSSETT JEFFREY sold 488 shares of PI for $116,065 on Oct 14 ’24. The CHIEF REVENUE OFFICER now owns 65,294 shares after completing the transaction at $237.84 per share. On Oct 14 ’24, another insider, DIORIO CHRIS PH.D., who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 1,219 shares for $237.82 each. As a result, the insider received 289,901 and left with 294,438 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 6386268160 and an Enterprise Value of 6211191808. As of this moment, Impinj’s Price-to-Earnings (P/E) ratio for their current fiscal year is 894.96, and their Forward P/E ratio for the next fiscal year is 86.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 89.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.28 while its Price-to-Book (P/B) ratio in mrq is 54.51. Its current Enterprise Value per Revenue stands at 19.72 whereas that against EBITDA is -438.179.
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 $48.39. The 50-Day Moving Average of the stock is 18.33%, while the 200-Day Moving Average is calculated to be 52.74%.
Shares Statistics:
The stock has traded on average 526.84K shares per day over the past 3-months and 397830 shares per day over the last 10 days, according to various share statistics. A total of 27.17M shares are outstanding, with a floating share count of 26.97M. Insiders hold about 4.06% of the company’s shares, while institutions hold 99.38% stake in the company. Shares short for PI as of 1727654400 were 3824133 with a Short Ratio of 7.26, compared to 1724976000 on 2744506. Therefore, it implies a Short% of Shares Outstanding of 3824133 and a Short% of Float of 20.41.
