While Impinj Inc has overperformed by 4.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PI rose by 90.92%, with highs and lows ranging from $156.41 to $48.39, whereas the simple moving average jumped by 84.29% in the last 200 days.
On April 16, 2024, Evercore ISI started tracking Impinj Inc (NASDAQ: PI) recommending Outperform. A report published by Needham on March 14, 2024, Reiterated its previous ‘Buy’ rating for PI. Needham also reiterated PI shares as ‘Buy’, quoting a target price of $120 on the company’s shares in a report dated February 09, 2024. Needham Reiterated the rating as Buy on January 18, 2024, but set its price target from $85 to $115. Susquehanna initiated its ‘Positive’ rating for PI, as published in its report on December 13, 2023. BWS Financial’s report from June 26, 2023 suggests a price prediction of $45 for PI shares, giving the stock a ‘Sell’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of Impinj Inc (PI)
Further, the quarter-over-quarter decrease in sales is -10.56%, showing a negative trend in the upcoming months.
Impinj Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -10.07% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 6.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and PI has an average volume of 431.04K. On a monthly basis, the volatility of the stock is set at 5.00%, whereas on a weekly basis, it is put at 9.05%, with a gain of 30.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $156.00, showing decline from the present price of $157.45, which can serve as yet another indication of whether PI is worth investing in or should be passed over.
How Do You Analyze Impinj Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 100.66% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PI shares are owned by institutional investors to the tune of 100.66% at present.
