Impinj Inc (NASDAQ: PI)’s stock price has gone rise by 17.68 in comparison to its previous close of 120.91, however, the company has experienced a 16.55% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-04-24 that Impinj, Inc. (PI) Q1 2024 Earnings Call Transcript
Is It Worth Investing in Impinj Inc (NASDAQ: PI) Right Now?
Moreover, the 36-month beta value for PI is 1.94. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for PI is 26.47M and currently, short sellers hold a 12.47% of that float. On April 25, 2024, PI’s average trading volume was 364.42K shares.
PI’s Market Performance
PI stock saw an increase of 16.55% in the past week, with a monthly gain of 12.40% and a quarterly increase of 40.15%. The volatility ratio for the week is 5.48%, and the volatility levels for the last 30 days are 3.79% for Impinj Inc (PI). The simple moving average for the last 20 days is 16.10% for PI’s stock, with a simple moving average of 67.82% for the last 200 days.
Analysts’ Opinion of PI
Many brokerage firms have already submitted their reports for PI stocks, with Evercore ISI repeating the rating for PI by listing it as a “Outperform.” The predicted price for PI in the upcoming period, according to Evercore ISI is $160 based on the research report published on April 16, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see PI reach a price target of $130, previously predicting the price at $120. The rating they have provided for PI stocks is “Buy” according to the report published on March 14th, 2024.
Needham gave a rating of “Buy” to PI, setting the target price at $120 in the report published on February 09th of the current year.
PI Trading at 21.82% from the 50-Day Moving Average
After a stumble in the market that brought PI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.02% of gains for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 5.48%, as shares surge +11.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.99% upper at present.
During the last 5 trading sessions, PI rose by +16.42%, which changed the moving average for the period of 200-days by +61.41% in comparison to the 20-day moving average, which settled at $123.29. In addition, Impinj Inc saw 58.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PI starting from DIORIO CHRIS PH.D., who sale 1,244 shares at the price of $118.67 back on Apr 15 ’24. After this action, DIORIO CHRIS PH.D. now owns 286,230 shares of Impinj Inc, valued at $147,626 using the latest closing price.
DOSSETT JEFFREY, the CHIEF REVENUE OFFICER of Impinj Inc, sale 498 shares at $118.70 during a trade that took place back on Apr 15 ’24, which means that DOSSETT JEFFREY is holding 60,850 shares at $59,111 based on the most recent closing price.
Stock Fundamentals for PI
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 0.49 for the gross margin
The net margin for Impinj Inc stands at -0.02. The total capital return value is set at -0.13. Equity return is now at value -10.07, with -1.44 for asset returns.
Based on Impinj Inc (PI), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 3.42. The interest coverage ratio of the stock is -31.44.
Currently, EBITDA for the company is -26.83 million with net debt to EBITDA at -3.29. When we switch over and look at the enterprise to sales, we see a ratio of 13.65. The receivables turnover for the company is 5.03for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.42.
Conclusion
To wrap up, the performance of Impinj Inc (PI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
