Currently, there are 107.55M common shares owned by the public and among those 103.19M shares have been available to trade.
The company’s stock has a 5-day price change of 12.39% and -28.12% over the past three months. PRPL shares are trading -4.62% year to date (YTD), with the 12-month market performance down to -53.50% lower. It has a 12-month low price of $0.56 and touched a high of $1.75 over the same period. PRPL has an average intraday trading volume of 741.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.18%, 2.81%, and -20.94% respectively.
Institutional ownership of Purple Innovation Inc (NASDAQ: PRPL) shares accounts for 70.59% of the company’s 107.55M shares outstanding.
It has a market capitalization of $80.63M and a beta (3y monthly) value of 1.52. The earnings-per-share (ttm) stands at -$0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.98% over the week and 11.33% over the month.
Earnings per share for the fiscal year are expected to increase by 44.48%, and 31.88% over the next financial year. EPS should grow at an annualized rate of 36.77% over the next five years, compared to 16.53% over the past 5-year period.
Looking at the support for the PRPL, a number of firms have released research notes about the stock. Wedbush stated their Neutral rating for the stock in a research note on September 04, 2024, with the firm’s price target at $1.75-$1.10. ROTH MKM coverage for the Purple Innovation Inc (PRPL) stock in a research note released on March 13, 2024 offered a Buy rating with a price target of $2.50. Craig Hallum was of a view on November 10, 2022 that the stock is Buy, while UBS gave the stock Neutral rating on March 02, 2022, issuing a price target of $10- $6.50. Truist on their part issued Hold rating on March 02, 2022.
