At the time of writing, Impinj Inc [PI] stock is trading at $185.92, up 0.97%. An important factor to consider is whether the stock is rising or falling in short-term value. The PI shares have gain 18.62% over the last week, with a monthly amount glided 20.22%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
For the past year, the stock price of Impinj Inc fluctuated between $48.39 and $186.22. Currently, Wall Street analysts expect the stock to reach $159.73 within the next 12 months. Impinj Inc [NASDAQ: PI] shares were valued at $185.92 at the most recent close of the market. An investor can expect a potential drop of -14.09% based on the average PI price forecast.
Analyzing the PI fundamentals
According to Impinj Inc [NASDAQ:PI], the company’s sales were 314.98M for trailing twelve months, which represents an 19.20% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.51.
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 184.02 points at the first support level, and at 182.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 188.95, and for the 2nd resistance point, it is at 191.99.
Ratios To Look Out For
It is important to note that Impinj Inc [NASDAQ:PI] has a current ratio of 1.12. On the other hand, the Quick Ratio is 0.87, and the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 16.60, the price to book ratio is 44.62 and price to earnings (TTM) ratio is 732.55.
Transactions by insiders
Recent insider trading involved PADVAL UMESH, Director, that happened on Sep 13 ’24 when 3529.0 shares were purchased. CHIEF INNOVATION OFFICER, PHELAN CATHAL G completed a deal on Aug 21 ’24 to sell 677.0 shares. Meanwhile, Officer PHELAN CATHAL G bought 677.0 shares on Aug 21 ’24.
