Impinj Inc [PI] stock is trading at $159.29, up 1.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PI shares have gain 4.42% over the last week, with a monthly amount glided 2.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Impinj Inc [NASDAQ: PI] stock has seen the most recent analyst activity on July 18, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $205. Previously, Piper Sandler reaffirmed its Overweight rating on July 11, 2024, and elevated its price target to $180. On May 20, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $156 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $200 on May 13, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $160 as its price target on April 16, 2024. Needham reiterated a Buy rating for this stock on March 14, 2024, and upped its price target to $130. In a note dated February 09, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $115 to $120.
Impinj Inc [PI] stock has fluctuated between $48.39 and $181.88 over the past year. Currently, Wall Street analysts expect the stock to reach $159.73 within the next 12 months. Impinj Inc [NASDAQ: PI] shares were valued at $159.29 at the most recent close of the market. An investor can expect a potential return of 0.28% based on the average PI price forecast.
Analyzing the PI fundamentals
Impinj Inc [NASDAQ:PI] reported sales of 314.98M for the trailing twelve months, which represents a growth of 19.20%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.18 and Total Capital is -0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 155.71 points at the first support level, and at 152.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 162.43, and for the 2nd resistance point, it is at 165.57.
Ratios To Look Out For
For context, Impinj Inc’s Current Ratio is 1.12. Also, the Quick Ratio is 0.87, while the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 14.22, the price to book ratio is 38.23 and price to earnings (TTM) ratio is 627.62.
Transactions by insiders
Recent insider trading involved DOSSETT JEFFREY, Officer, that happened on Jul 31 ’24 when 30000.0 shares were purchased. CHIEF EXECUTIVE OFFICER, DIORIO CHRIS PH.D. completed a deal on Jul 15 ’24 to sell 1187.0 shares. Meanwhile, CHIEF REVENUE OFFICER DOSSETT JEFFREY sold 475.0 shares on Jul 15 ’24.
