Impinj Inc (PI) concluded trading on Thursday at a closing price of $155.55, with 3.13 million shares of worth about $487.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 193.10% during that period and on April 25, 2024 the price saw a gain of about 28.65%. Currently the company’s common shares owned by public are about 27.17M shares, out of which, 26.47M shares are available for trading.
Stock saw a price change of 27.42% in past 5 days and over the past one month there was a price change of 22.88%. Year-to-date (YTD), PI shares are showing a performance of 72.78% which increased to 14.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.39 but also hit the highest price of $139.46 during that period. The average intraday trading volume for Impinj Inc shares is 408.74K. The stock is currently trading 26.93% above its 20-day simple moving average (SMA20), while that difference is up 33.18% for SMA50 and it goes to 83.47% higher than SMA200.
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Impinj Inc (NASDAQ: PI) currently have 27.17M outstanding shares and institutions hold larger chunk of about 100.86% of that.
The stock has a current market capitalization of $4.30B and its 3Y-monthly beta is at 1.86. It has posted earnings per share of -$0.39 in the same period. It has Quick Ratio of 6.87 while making debt-to-equity ratio of 3.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PI, volatility over the week remained 8.28% while standing at 4.62% over the month.
Analysts are in expectations that Impinj Inc (PI) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.29 and it is $1.96 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.15 which is $0.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.33 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 144.76% while it is estimated to increase by 37.91% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 0.37% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on April 16, 2024 offering an Outperform rating for the stock and assigned a target price of $160 to it. Coverage by Needham stated Impinj Inc (PI) stock as a Buy in their note to investors on March 14, 2024, suggesting a price target of $130 for the stock. On February 09, 2024, Needham Reiterated their recommendations, while on January 18, 2024, Needham Reiterated their ratings for the stock with a price target of $115. Stock get a Positive rating from Susquehanna on December 13, 2023.
