Impinj Inc (NASDAQ:PI) price on Friday, January 17, fall -0.43% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $131.94.
A look at the stock’s price movement, the close in the last trading session was $132.51, moving within a range at $129.94 and $136.25. The beta value (5-Year monthly) was 1.817 while the PE ratio in trailing twelve months stood at 155.83. Turning to its 52-week performance, $239.88 and $87.15 were the 52-week high and 52-week low respectively. Overall, PI moved -12.13% over the past month.
Impinj Inc’s market cap currently stands at around $3.73 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 92.96M for the company’s revenue for the quarter, with a low and high estimate of 92.4M and 95M respectively. The average forecast suggests up to a 31.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 367.44M, representing a 19.48% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 7 recommend PI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PI’s current price about -9.23% and -20.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.35, while 7-day volatility ratio is 7.84% and 4.89% in the 30-day chart. Further, Impinj Inc (PI) has a beta value of 1.90, and an average true range (ATR) of 7.92. Analysts have given the company’s stock an average 52-week price target of $255.5, forecast between a low of $225 and high of $270. Looking at the price targets, the low is -70.53% off current price level while to achieve the yearly target high, price needs to move -104.64%. Nonetheless, investors will most likely welcome a -93.65% jump to $255.5 which is the analysts’ median price.
If we refocus on Impinj Inc (NASDAQ:PI), historical trading data shows that trading volumes averaged 0.67 over the past 10 days and 594.24K over the past 3 months. The company’s latest data on shares outstanding shows there are 28.27 million shares.
The 3.90% of Impinj Inc’s shares are in the hands of company insiders while institutional holders own 102.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.19 million on 2024-12-31, giving us a short ratio of 6.89. The data shows that as of 2024-12-31 short interest in Impinj Inc (PI) stood at 2238.9999 of shares outstanding, with shares short rising to 3.32 million registered in 2024-11-29. Current price change has pushed the stock -9.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PI stock continues to rise going into the next quarter.
