The 36-month beta value for PI is also noteworthy at 1.81. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for PI is 26.56M, and at present, short sellers hold a 12.43% of that float. The average trading volume of PI on May 10, 2024 was 443.78K shares.
PI) stock’s latest price update
Impinj Inc (NASDAQ: PI) has seen a decline in its stock price by -3.22 in relation to its previous close of 163.77. However, the company has experienced a -0.78% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-07 that The technology industry has been booming, especially over the last year. This is primarily due to the increased attention surrounding generative artificial intelligence (AI) and similar technologies.
PI’s Market Performance
Impinj Inc (PI) has experienced a -0.78% fall in stock performance for the past week, with a 28.69% rise in the past month, and a 49.08% rise in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are at 5.04% for PI. The simple moving average for the last 20 days is 13.21% for PI stock, with a simple moving average of 79.28% 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 23.76% 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 unable to rebound, for now settling with -5.35% of loss for the given period.
Volatility was left at 5.04%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +26.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.16% upper at present.
During the last 5 trading sessions, PI fell by -0.78%, which changed the moving average for the period of 200-days by +97.52% in comparison to the 20-day moving average, which settled at $141.68. In addition, Impinj Inc saw 76.04% 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 Baker Cary, who sale 10,000 shares at the price of $159.08 back on May 02 ’24. After this action, Baker Cary now owns 67,948 shares of Impinj Inc, valued at $1,590,800 using the latest closing price.
MECKLAI HUSSEIN, the CHIEF OPERATING OFFICER of Impinj Inc, sale 5,000 shares at $154.38 during a trade that took place back on May 01 ’24, which means that MECKLAI HUSSEIN is holding 55,414 shares at $771,882 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 -13.95.
Currently, EBITDA for the company is -26.83 million with net debt to EBITDA at -3.96. When we switch over and look at the enterprise to sales, we see a ratio of 15.14. 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
In summary, Impinj Inc (PI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
