The price-to-earnings ratio for Impinj Inc (NASDAQ: PI) is above average at 158.39x. The 36-month beta value for PI is also noteworthy at 1.89. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for PI is 27.19M, and at present, short sellers hold a 15.42% of that float. The average trading volume of PI on January 15, 2025 was 552.33K shares.
PI) stock’s latest price update
The stock of Impinj Inc (NASDAQ: PI) has decreased by -10.18 when compared to last closing price of 149.31.Despite this, the company has seen a loss of -10.41% in its stock price over the last five trading days. zacks.com reported 2025-01-15 that While PI’s long-term prospects seem bright considering the growing use cases of its RFID technology in emerging fields, its premium valuation warrants a caution.
PI’s Market Performance
Impinj Inc (PI) has experienced a -10.41% fall in stock performance for the past week, with a -15.54% drop in the past month, and a -43.79% drop in the past quarter. The volatility ratio for the week is 4.27%, and the volatility levels for the past 30 days are at 4.30% for PI. The simple moving average for the past 20 days is -8.72% for PI’s stock, with a -20.33% simple moving average for the past 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 -20.68% 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 -44.09% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 4.27%, as shares sank -9.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.78% lower at present.
During the last 5 trading sessions, PI fell by -8.34%, which changed the moving average for the period of 200-days by +6.85% in comparison to the 20-day moving average, which settled at $147.08. In addition, Impinj Inc saw -7.68% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PI starting from DOSSETT JEFFREY, who sale 378 shares at the price of $141.05 back on Jan 13 ’25. After this action, DOSSETT JEFFREY now owns 67,052 shares of Impinj Inc, valued at $53,316 using the latest closing price.
Baker Cary, the CHIEF FINANCIAL OFFICER of Impinj Inc, sale 290 shares at $140.96 during a trade that took place back on Jan 13 ’25, which means that Baker Cary is holding 71,754 shares at $40,878 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 0.4. The debt to equity ratio resting at 2.15. 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 11.67. 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
In summary, Impinj Inc (PI) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
