Impinj Inc (NASDAQ:PI) saw an upside of 1.68% to close Friday at $54.61 after adding $0.9 on the day. The 5-day average trading volume is 590,420 shares of the company’s common stock. It has gained $63.98 in the past week and touched a new high 1 time within the past 5 days. An average of 612,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 715,136.
PI’s 1-month performance is -12.33% or -$4.89 on its low of $52.00 reached on 09/22/23. The company’s shares have touched a 52-week low of $53.69 and high of $144.90, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, PI has lost -49.98% or -$54.57 and has reached a new high 9 times. However, the current price is down -62.31% from the 52-week high price.
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Insider Transactions
PI stock investors last saw insider trading activity on Sep 18.DOSSETT JEFFREY (Chief Revenue Officer) most recently sold 746 shares at $63.21 per share on Sep 18. This transaction cost the insider $47,156. Chief Executive Officer, DIORIO CHRIS PH.D., sold 622 shares at a price of $63.22 on Sep 18. Then, on Sep 18, Chief Operating Officer MECKLAI HUSSEIN sold 499 shares at a price of $63.25 per share. This transaction amounted to $31,563.
Valuation Metrics
PI stock has a beta of 2.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.63 while the price-to-book (PB) in the most recent quarter is 39.80.
Impinj Inc’s quick ratio for the period ended June 29 was 3.37, with the current ratio over the same period at 5.57. As well, the company’s long term debt to equity for the quarter ending June 29 was 7.94, while the total debt to equity was 8.03. In terms of profitability, the gross margin trailing 12 months is 51.40%. The firm’s gross profit as reported stood at $137.88 million against revenue of $257.8 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -42.75% to -$8.07 million, while revenue of -$4.36 million was 45.97% off the previous quarter. Analysts expected PI to announce $0.31 per share in earnings in its latest quarter, but it posted $0.33, representing a 6.50% surprise. EBITDA for the quarter stood at more than -$4.21 million. PI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 346.75 million, with total debt at $295.42 million. Shareholders hold equity totaling $26.86 million.
Let’s look briefly at Impinj Inc (PI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 28.52% to suggest the stock is trending oversold, with historical volatility in this time period at 60.80%.
The stock’s 5-day moving average is $58.33, reflecting a -14.55% or -$9.30 change from its current price. PI is currently trading -9.85% above its 20-day SMA, -36.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -39.46% and SMA200 by-53.29%.
Stochastic %K and %D was 5.07% and 5.94% and the average true range (ATR) pointed at 2.89. The RSI (14) points at 32.99%, while the 14-day stochastic is at 14.17% with the period’s ATR at 2.90. The stock’s 9-day MACD Oscillator is pointing at -4.85 and -6.64 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Impinj Inc (NASDAQ: PI), BWS Financial launched coverage with a Sell rating.
