The price-to-earnings ratio for Impinj Inc (NASDAQ: PI) is 177.52x, which is above its average ratio. Moreover, the 36-month beta value for PI is 1.90. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PI is 27.19M and currently, short sellers hold a 13.91% of that float. On January 09, 2025, PI’s average trading volume was 545.47K shares.
PI) stock’s latest price update
Impinj Inc (NASDAQ: PI)’s stock price has plunge by 0.41relation to previous closing price of 149.70. Nevertheless, the company has seen a 3.48% surge in its stock price over the last five trading sessions. zacks.com reported 2024-12-23 that Impinj (PI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
PI’s Market Performance
Impinj Inc (PI) has seen a 3.48% rise in stock performance for the week, with a -9.04% decline in the past month and a -32.77% plunge in the past quarter. The volatility ratio for the week is 3.53%, and the volatility levels for the past 30 days are at 4.37% for PI. The simple moving average for the last 20 days is 0.52% for PI stock, with a simple moving average of -10.54% for the last 200 days.
Analysts’ Opinion of PI
Many brokerage firms have already submitted their reports for PI stocks, with Cantor Fitzgerald repeating the rating for PI by listing it as a “Overweight.” The predicted price for PI in the upcoming period, according to Cantor Fitzgerald is $205 based on the research report published on July 18, 2024 of the previous year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see PI reach a price target of $180, previously predicting the price at $150. The rating they have provided for PI stocks is “Overweight” according to the report published on July 11th, 2024.
Goldman gave a rating of “Neutral” to PI, setting the target price at $156 in the report published on May 20th of the previous year.
PI Trading at -13.29% 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 -37.34% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares sank -5.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.11% lower at present.
During the last 5 trading sessions, PI rose by +3.48%, which changed the moving average for the period of 200-days by +18.03% in comparison to the 20-day moving average, which settled at $149.53. In addition, Impinj Inc saw 3.48% 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 PHELAN CATHAL G, who sale 210 shares at the price of $146.06 back on Dec 24 ’24. After this action, PHELAN CATHAL G now owns 6,979 shares of Impinj Inc, valued at $30,673 using the latest closing price.
MECKLAI HUSSEIN, the CHIEF OPERATING OFFICER of Impinj Inc, sale 826 shares at $146.07 during a trade that took place back on Dec 24 ’24, which means that MECKLAI HUSSEIN is holding 60,830 shares at $120,656 based on the most recent closing price.
Stock Fundamentals for PI
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.51 for the gross margin
The net margin for Impinj Inc stands at 0.08. The total capital return value is set at -0.13. Equity return is now at value 33.18, with 6.75 for asset returns.
Based on Impinj Inc (PI), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 2.08. The interest coverage ratio of the stock is -5.0.
Currently, EBITDA for the company is -26.83 million with net debt to EBITDA at 110.5. When we switch over and look at the enterprise to sales, we see a ratio of 12.95. The receivables turnover for the company is 5.36for 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 0.99.
Conclusion
To wrap up, the performance of Impinj Inc (PI) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
