After finishing at $1.50 in the prior trading day, Purple Innovation Inc (NASDAQ: PRPL) closed at $1.56, up 4.00%. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 1327312 shares were traded.
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 0.68 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 1.18.
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, ROTH MKM on March 13, 2024, Upgraded its rating to Buy and sets its target price to $2.50 from $2 previously.
On November 10, 2022, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $4 to $6.
UBS reiterated its Neutral rating for the stock on March 02, 2022, while the target price for the stock was revised from $10 to $6.50.
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 Aug 28 ’23 when DICAMILLO GARY T bought 10,000 shares for $2.22 per share. The transaction valued at 22,182 led to the insider holds 158,478 shares of the business.
McGarvey Casey Kale bought 22,300 shares of PRPL for $63,553 on Jun 02 ’23. The Chief Legal Officer now owns 108,436 shares after completing the transaction at $2.85 per share. On May 26 ’23, another insider, KERBY JEFFERY SCOTT, who serves as the Chief of Owned Retail of the company, bought 16,350 shares for $3.45 each. As a result, the insider paid 56,445 and bolstered with 39,427 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, PRPL now has a Market Capitalization of 165.86M and an Enterprise Value of 291.98M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 0.57 whereas that against EBITDA is -3.10.
Stock Price History:
Over the past 52 weeks, PRPL has reached a high of $3.78, while it has fallen to a 52-week low of $0.55. The 50-Day Moving Average of the stock is 1.3097, while the 200-Day Moving Average is calculated to be 1.7647.
Shares Statistics:
The stock has traded on average 950.09K shares per day over the past 3-months and 1.39M shares per day over the last 10 days, according to various share statistics. A total of 105.51M shares are outstanding, with a floating share count of 99.79M. Insiders hold about 6.74% of the company’s shares, while institutions hold 76.97% stake in the company. Shares short for PRPL as of Feb 29, 2024 were 6.33M with a Short Ratio of 6.66, compared to 6.2M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.99% and a Short% of Float of 14.39%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.2, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.07 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.27 and -$0.51 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.21, with 7 analysts recommending between -$0.11 and -$0.37.
Revenue Estimates
8 analysts predict $121.29M in revenue for the current quarter. It ranges from a high estimate of $123.8M to a low estimate of $115.8M. As of the current estimate, Purple Innovation Inc’s year-ago sales were $104.8M, an estimated increase of 15.70% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for PRPL’s current fiscal year. The highest revenue estimate was $556.68M, while the lowest revenue estimate was $539.93M, resulting in an average revenue estimate of $548.47M. In the same quarter a year ago, actual revenue was $510.54M, up 7.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $594.05M in the next fiscal year. The high estimate is $604.48M and the low estimate is $578.84M. The average revenue growth estimate for next year is up 8.30% from the average revenue estimate for this year.
