Impinj Inc (NASDAQ: PI) is -25.36% lower on its value in year-to-date trading and has touched a low of $60.85 and a high of $239.88 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 PI stock was last observed hovering at around $113.44 in the last trading session, with the day’s gains setting it 2.42%.
Currently trading at $115.86, the stock is 5.40% and 6.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 2.13% at the moment leaves the stock -16.08% off its SMA200. PI registered -20.24% loss for a year compared to 6-month loss of -20.96%. The firm has a 50-day simple moving average (SMA 50) of $108.4524 and a 200-day simple moving average (SMA200) of $138.06233.
The stock witnessed a -3.71% gain in the last 1 month and extending the period to 3 months gives it a 27.23%, and is 6.81% 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 3.96% over the week and 3.92% over the month.
Impinj Inc (PI) has around 451 employees, a market worth around $3.36B and $363.54M in sales. Fwd P/E is 45.11. Profit margin for the company is -0.26%. Distance from 52-week low is 90.40% and -51.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.21%).
with sales reaching $93.75M over the same period.The EPS is expected to shrink by -21.46% this year, but quarterly earnings will post -6.69% year-over-year. Quarterly sales are estimated to shrink -8.54% in year-over-year returns.
382.0 institutions hold shares in Impinj Inc (PI), with institutional investors hold 114.42% of the company’s shares. The shares outstanding are 28.93M, and float is at 28.08M with Short Float at 12.40%. Institutions hold 109.57% of the Float.
The top institutional shareholder in the company is FMR LLC with over 4.16 million shares valued at $651.68 million. The investor’s holdings represent 14.9053 of the PI Shares outstanding. As of 2024-06-30, the second largest holder is SYLEBRA CAPITAL LLC with 3.2 million shares valued at $501.25 million to account for 11.4646 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.79 million shares representing 10.0161 and valued at over $437.92 million, while BLACKROCK INC. holds 7.0668 of the shares totaling 1.97 million with a market value of $308.97 million.
