Purple Innovation Inc (NASDAQ: PRPL) is -13.58% lower on its value in year-to-date trading and has touched a low of $0.55 and a high of $3.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRPL stock was last observed hovering at around $0.90 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.89, the stock is -23.72% and -37.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -1.48% at the moment leaves the stock -33.71% off its SMA200. PRPL registered -67.28% loss for a year compared to 6-month gain of -15.23%.
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The stock witnessed a -39.45% loss in the last 1 month and extending the period to 3 months gives it a -44.71%, and is -22.60% down 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 11.39% over the week and 9.23% over the month.
Purple Innovation Inc (PRPL) has around 1700 employees, a market worth around $95.68M and $526.84M in sales. Profit margin for the company is -26.97%. Distance from 52-week low is 63.29% and -73.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-66.66%).
The EPS is expected to grow by 42.49% this year
The shares outstanding are 105.51M, and float is at 103.40M with Short Float at 4.03%.
Purple Innovation Inc (PRPL) Insider Activity
The most recent transaction is an insider purchase by Ulrich George Turner, the company’s Principal Accounting Officer. SEC filings show that Ulrich George Turner bought 4,000 shares of the company’s common stock on Mar 22 ’24 at a price of $1.52 per share for a total of $6061.0. Following the purchase, the insider now owns 16874.0 shares.
Purple Innovation Inc disclosed in a document filed with the SEC on Aug 28 ’23 that DICAMILLO GARY T (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Aug 28 ’23 and was made at $2.22 per share for $22182.0. Following the transaction, the insider now directly holds 0.16 million shares of the PRPL stock.
