Impinj Inc [PI] stock prices are down -2.23% to $233.25 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PI shares have gain 4.32% over the last week, with a monthly amount glided 24.99%, 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.
The stock price of Impinj Inc [PI] has been fluctuating between $48.39 and $239.88 over the past year. Currently, Wall Street analysts expect the stock to reach $163.82 within the next 12 months. Impinj Inc [NASDAQ: PI] shares were valued at $233.25 at the most recent close of the market. An investor can expect a potential drop of -29.77% based on the average PI price forecast.
Analyzing the PI fundamentals
The Impinj Inc [NASDAQ:PI] reported sales of 314.98M for trailing twelve months, representing a surge 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 227.48 points at the first support level, and at 221.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 238.33, and for the 2nd resistance point, it is at 243.40.
Ratios To Look Out For
It’s worth pointing out that Impinj Inc [NASDAQ:PI]’s Current Ratio is 1.12. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 20.82, the price to book ratio is 55.98 and price to earnings (TTM) ratio is 919.03.
Transactions by insiders
Recent insider trading involved MECKLAI HUSSEIN, CHIEF OPERATING OFFICER, that happened on Oct 14 ’24 when 427.0 shares were sold. CHIEF REVENUE OFFICER, DOSSETT JEFFREY completed a deal on Oct 14 ’24 to sell 488.0 shares. Meanwhile, CHIEF EXECUTIVE OFFICER DIORIO CHRIS PH.D. sold 1219.0 shares on Oct 14 ’24.
