Impinj Inc [NASDAQ: PI] stock went on a downward path that fall over -15.19% on Thursday, amounting to a one-week price decrease of less than -15.77%.
Over the last 12 months, PI stock rose by 3.75%. The one-year Impinj Inc stock forecast points to a potential upside of 23.21. The average equity rating for PI stock is currently 1.22, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.05 billion, with 28.29 million shares outstanding and 27.18 million shares in the current float. Compared to the average trading volume of 590.54K shares, PI stock reached a trading volume of 4528608 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Impinj Inc [PI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PI shares is $140.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PI stock is a recommendation set at 1.22. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Impinj Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $150 to $180. The new note on the price target was released on July 11, 2024, representing the official price target for Impinj Inc stock. Previously, the target price had yet another raise to $156, while Goldman analysts kept a Neutral rating on PI stock. On May 13, 2024, analysts increased their price target for PI shares from 135 to 200.
The Average True Range (ATR) for Impinj Inc is set at 8.54, with the Price to Sales ratio for PI stock in the period of the last 12 months amounting to 8.33. The Price to Book ratio for the last quarter was 22.38, with the Price to Cash per share for the same quarter was set at 5.82. Price to Free Cash Flow for PI in the course of the last twelve months was 26.60 with Quick ratio for the last quarter at 0.69.
PI Stock Performance Analysis:
Impinj Inc [PI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.77. With this latest performance, PI shares dropped by -29.22% in over the last four-week period, additionally sinking by -23.17% over the last 6 months – not to mention a rise of 3.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PI stock in for the last two-week period is set at 23.92, with the RSI for the last a single of trading hit 19.92, and the three-weeks RSI is set at 27.06 for Impinj Inc [PI]. The present Moving Average for the last 50 days of trading for this stock 150.90, while it was recorded at 122.13 for the last single week of trading, and 168.96 for the last 200 days.
Insight into Impinj Inc Fundamentals:
Impinj Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 0.99.
PI Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Impinj Inc go to 17.01%.
Impinj Inc [PI] Institutonal Ownership Details
There are presently around $105.97%, or 110.65%% of PI stock, in the hands of institutional investors. The top three institutional holders of PI stocks are: FMR LLC with ownership of 4.16 million shares, which is approximately 14.9053%. SYLEBRA CAPITAL LLC, holding 3.2 million shares of the stock with an approximate value of $$501.25 million in PI stocks shares; and SYLEBRA CAPITAL LLC, currently with $$437.92 million in PI stock with ownership which is approximately 10.0161%.
