Impinj Inc (NASDAQ: PI) is 38.39% higher on its value in year-to-date trading and has touched a low of $48.39 and a high of $142.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PI stock was last observed hovering at around $113.48 in the last trading session, with the day’s gains setting it 11.11%.
Currently trading at $124.59, the stock is 15.15% and 23.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 9.79% at the moment leaves the stock 54.11% off its SMA200. PI registered -5.00% loss for a year compared to 6-month gain of 96.58%. The firm has a 50-day simple moving average (SMA 50) of $11.60 and a 200-day simple moving average (SMA200) of -$133.00.
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The stock witnessed a 20.97% loss in the last 1 month and extending the period to 3 months gives it a 55.54%, and is 8.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.82% over the week and 4.29% over the month.
Impinj Inc (PI) has around 475 employees, a market worth around $3.39B and $307.54M in sales. Fwd P/E is 64.85. Profit margin for the company is -14.10%. Distance from 52-week low is 157.47% and -12.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.33%).
Impinj Inc quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $73.58M over the same period.The EPS is expected to grow by 40.34% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to shrink -14.30% in year-over-year returns.
278 institutions hold shares in Impinj Inc (PI), with institutional investors hold 109.97% of the company’s shares. The shares outstanding are 27.17M, and float is at 26.04M with Short Float at 12.55%. Institutions hold 105.31% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 4.0 million shares valued at $358.39 million. The investor’s holdings represent 14.88% of the PI Shares outstanding. As of Jun 29, 2023, the second largest holder is Sylebra Capital Ltd with 2.85 million shares valued at $255.33 million to account for 10.60% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.68 million shares representing 9.99% and valued at over $240.57 million, while Blackrock Inc. holds 6.61% of the shares totaling 1.77 million with a market value of $159.05 million.
Impinj Inc (PI) Insider Activity
The most recent transaction is an insider sale by DIORIO CHRIS PH.D., the company’s CHIEF EXECUTIVE OFFICER. SEC filings show that DIORIO CHRIS PH.D. sold 5,000 shares of the company’s common stock on Feb 27 ’24 at a price of $105.00 per share for a total of $0.53 million. Following the sale, the insider now owns 0.28 million shares.
Impinj Inc disclosed in a document filed with the SEC on Feb 26 ’24 that DIORIO CHRIS PH.D. (CHIEF EXECUTIVE OFFICER) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $105.00 per share for $0.53 million. Following the transaction, the insider now directly holds 0.28 million shares of the PI stock.
Still, SEC filings show that on Feb 26 ’24, Baker Cary (CHIEF FINANCIAL OFFICER) disposed off 1,455 shares at an average price of $103.68 for $0.15 million. The insider now directly holds 65,273 shares of Impinj Inc (PI).
