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In the latest session, Impinj Inc (NASDAQ: PI) closed at $161.52 down -11.01% from its previous closing price of $181.50. In other words, the price has decreased by -$11.01 from its previous closing price. On the day, 1.71 million shares were traded. PI stock price reached its highest trading level at $180.3225 during the session, while it also had its lowest trading level at $158.1.
Ratios:
For a deeper understanding of Impinj Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 222.64. For the most recent quarter (mrq), Quick Ratio is recorded 6.87 and its Current Ratio is at 9.42. In the meantime, Its Debt-to-Equity ratio is 3.42 whereas as Long-Term Debt/Eq ratio is at 3.38.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 15 ’24 when DIORIO CHRIS PH.D. sold 1,187 shares for $175.43 per share. The transaction valued at 208,234 led to the insider holds 291,412 shares of the business.
DOSSETT JEFFREY sold 475 shares of PI for $83,307 on Jul 15 ’24. The CHIEF REVENUE OFFICER now owns 63,642 shares after completing the transaction at $175.38 per share. On Jul 15 ’24, another insider, MECKLAI HUSSEIN, who serves as the CHIEF OPERATING OFFICER of the company, sold 416 shares for $175.43 each. As a result, the insider received 72,980 and left with 58,104 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 4936374272 and an Enterprise Value of 4596212224. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.00 while its Price-to-Book (P/B) ratio in mrq is 51.99. Its current Enterprise Value per Revenue stands at 15.399 whereas that against EBITDA is -151.216.
Stock Price History:
The Beta on a monthly basis for PI is 1.78, which has changed by 1.0547004 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, PI has reached a high of $181.88, while it has fallen to a 52-week low of $48.39. The 50-Day Moving Average of the stock is -0.20%, while the 200-Day Moving Average is calculated to be 42.30%.
Shares Statistics:
For the past three months, PI has traded an average of 482.69K shares per day and 477370 over the past ten days. A total of 27.17M shares are outstanding, with a floating share count of 26.56M. Insiders hold about 4.17% of the company’s shares, while institutions hold 100.87% stake in the company. Shares short for PI as of 1719532800 were 2955659 with a Short Ratio of 6.12, compared to 1717113600 on 3119406. Therefore, it implies a Short% of Shares Outstanding of 2955659 and a Short% of Float of 16.12.
