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Wednesday, December 6, 2023

Analyst Expects Impinj Inc (NASDAQ: PI) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Impinj Inc (PI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.99, or 2.52%, to $81.00. The Impinj Inc has recorded 12,234 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed New Impinj RAIN RFID Reader Delivers Edge Intelligence That Optimizes Speed and Automation in Supply Chain & Logistics.

Stocks Info

As a NASDAQ listed company, PI falls under the Technology sector while operating within the Communication Equipment industry segment. The current market capitalization of Impinj Inc is $2.14B. A total of 0.65 million shares were traded on the day, compared to an average of 552.68K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PI has seen 17 BUY and 15 SELL insider trades, representing the acquisition of 564,980 and the disposition of 54,035 shares. Over the last 12 months, there were 96 BUYs and 143 SELLs from insiders. Insiders purchased 1,442,826 shares during that period but sold 727,604.

In the most recent transaction, Sylebra Capital Ltd bought 33,682 shares of PI for 73.16 per share on Nov 13. After the transaction, the 10% Owner now owns 3,982,248 company shares. In a previous transaction on Oct 26, DOSSETT JEFFREY sold 1,000 shares at 62.08 per share. PI shares that Chief Revenue Officer owns now total 40,198.

Among the insiders who sold shares, DIORIO CHRIS PH.D. disposed of 1,245 shares on Oct 13 at a per-share price of $52.39. This resulted in the Chief Executive Officer holding 304,001 shares of PI after the transaction. In another insider transaction, DOSSETT JEFFREY sold 498 shares at $52.37 per share on Oct 13. Company shares held by the Chief Revenue Officer now total 41,198.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PI in the last 3 months, the mean price target is $82.38 with high estimates of $100.00 and low estimates of $45.00. In terms of 52-week highs and lows, PI has a high of $144.90 and a low of $48.39.

As of this writing, PI has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.02. The company reported an EPS of $0.33 in the last quarter, which was 6.50% higher than expectations of $0.31.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PI’s latest balance sheet shows that the firm has $193.35M in Cash & Short Term Investments as of fiscal 2021. There were $304.37M in debt and $35.50M in liabilities at the time. Its Book Value Per Share was $1.29, while its Total Shareholder’s Equity was -$11.08M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PI is Buy with a score of 4.29.

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