At the last check on Thursday, Impinj Inc.’s (NASDAQ:PI) stock was up $4.01, moving up 6.37 percent to $67.01. The average number of shares traded per day over the past five days has been 507,539 shares. 5 times new highs have been achieved over the past 5 days, with a $6.38 gain in that time frame. In the last twenty days, the average volume was 604,835, while in the previous 50 days, it was 668,648.
Since last month, PI stock rose 7.16%. Shares of the company fell to $55.01 on 08/11/23, the lowest level in the past month. A 52-week high of $144.90 was reached on 03/06/23 after having rallying from a 52-week low of $55.01. Since the beginning of this year, PI’s stock price has dropped by -38.62% or -$42.22, and marked a new high 9 times. However, the stock has declined by -53.75% since its 52-week high.
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PI stock investors should be aware that Impinj Inc. (PI) stock had its last reported insider trading activity 6 days ago on Aug 25. Baker Cary, the Chief Financial Officer of the company, disposed of 1,485 shares for $60.21 on Aug 25. It resulted in a $89,409 divestment by the insider. Sylebra Capital Ltd added 74,771 shares at an average price of $59.49 on Aug 22. The insider now owns 3,714,190 shares following the transaction. On Aug 21, 10% Owner Sylebra Capital Ltd bought 48,171 shares at $58.45 apiece. The transaction was valued at $2,815,595.
Valuation Metrics
The stock’s beta is 2.10. Besides these, the trailing price-to-sales (P/S) ratio of 5.64, the price-to-book (PB) ratio of 48.56.
Financial Health
In the three months ended June 29, Impinj Inc.’s quick ratio stood at 3.40, while its current ratio was 5.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 7.64, and the total debt-to-equity ratio was 7.64. On the profitability front, the trailing twelve-month gross margin is 52.10% percent. In the year ended June 29, EBITDA margin amounted to -5.25%, whereas operating margins totaled -4.60%. Based on annual data, PI earned $137.88 million in gross profit and brought in $257.8 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.60%. Return on equity (ROE) for the past 12 months was -72.70%.
In Impinj Inc.’s quarter-end financial report for June 29, it reported total debt of $281.05 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PI’s revenue rose 30.46% to $85.9 million during the quarter, while net income inched up to $85.99 million. While analysts expected Impinj Inc. to report $0.31 quarterly earnings, the actual figure was $0.33 per share, beating the consensus estimate by 6.50%. During the quarter, the company generated -$4.21 million in EBITDA. The liabilities of Impinj Inc. were 346.75 million at the end of its most recent quarter ended June 29, and its total debt was $295.42 million. The value of shareholders’ equity is $26.86 million.
Technical Picture
This quick technical analysis looks at Impinj Inc.’s (PI) price momentum. With a historical volatility rate of 41.33%, the RSI 9-day stood at 65.33% on 30 August.
With respect to its five-day moving average, the current Impinj Inc. price is up by +10.53% percent or $6.38. At present, PI shares trade +8.97% above its 20-day simple moving average and -50.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.44% below its SMA50 and -40.31% below its SMA200.
Stochastic coefficient K was 91.99% and Stochastic coefficient D was 84.29%, while ATR was 2.92. Given the Stochastic reading of 98.47% for the 14-day period, the RSI (14) reading has been calculated as 53.70%. As of today, the MACD Oscillator reading stands at 2.71, while the 14-day reading stands at 3.57.
Analyst Ratings
BWS Financial launched its rating on Impinj Inc. (NASDAQ: PI) to a Sell in a note to investors on June 26, 2023. Impinj Inc. (PI) has been rated Overweight by analysts. According to 1 brokerage firm, PI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Impinj Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $45.00 – $110.00. Based on these forecasts, analysts predict Impinj Inc. (PI) will achieve an average price target of $92.00.
