Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $0.85 in the prior trading day, Purple Innovation Inc (NASDAQ: PRPL) closed at $0.82, down -3.84%. In other words, the price has decreased by -$3.84 from its previous closing price. On the day, 1.54 million shares were traded. PRPL stock price reached its highest trading level at $0.94 during the session, while it also had its lowest trading level at $0.78.
Ratios:
Our goal is to gain a better understanding of PRPL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.49.
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 88459840 and an Enterprise Value of 249392272. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19. Its current Enterprise Value per Revenue stands at 0.528 whereas that against EBITDA is -21.857.
Stock Price History:
The Beta on a monthly basis for PRPL is 1.43, which has changed by -0.37633586 over the last 52 weeks, in comparison to a change of 0.16821623 over the same period for the S&P500. Over the past 52 weeks, PRPL has reached a high of $1.43, while it has fallen to a 52-week low of $0.56. The 50-Day Moving Average of the stock is 5.74%, while the 200-Day Moving Average is calculated to be -3.01%.
Shares Statistics:
The stock has traded on average 879.52K shares per day over the past 3-months and 1322980 shares per day over the last 10 days, according to various share statistics. A total of 108.24M 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 1752537600 were 2089022 with a Short Ratio of 2.38, compared to 1749772800 on 3488405. Therefore, it implies a Short% of Shares Outstanding of 2089022 and a Short% of Float of 3.7100002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Currently, 4.0 analysts are dedicated to thoroughly evaluating and rating the performance of Purple Innovation Inc (PRPL) in the stock market.The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.01 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.32 and -$0.4 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.23, with 4.0 analysts recommending between -$0.12 and -$0.32.
Revenue Estimates
5 analysts predict $123.21M in revenue for the current quarter. It ranges from a high estimate of $124.52M to a low estimate of $121.07M. As of the current estimate, Purple Innovation Inc’s year-ago sales were $118.6MFor the next quarter, 5 analysts are estimating revenue of $139.62M. There is a high estimate of $143.86M for the next quarter, whereas the lowest estimate is $136.7M.
A total of 5 analysts have provided revenue estimates for PRPL’s current fiscal year. The highest revenue estimate was $477.57M, while the lowest revenue estimate was $467.72M, resulting in an average revenue estimate of $472.09M. In the same quarter a year ago, actual revenue was $487.88MBased on 5 analysts’ estimates, the company’s revenue will be $528.11M in the next fiscal year. The high estimate is $548.5M and the low estimate is $499.37M.
