After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Purple Innovation Strengthens Balance Sheet, Creating Greater Financial Flexibility to Execute Growth Strategy.
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Stocks Info
This NASDAQ-listed company operates within the Furnishings, Fixtures & Appliances industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $1.47 and fluctuated between $1.5900 as its day high and $1.4600 as its day low. The current market capitalization of Purple Innovation Inc is $155.16M. A total of 0.59 million shares were traded on the day, compared to an average of 1.17M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, PRPL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 12 SELLs from insiders. Insiders purchased 775,307 shares during that period but sold 477,032.
In the most recent transaction, DICAMILLO GARY T bought 10,000 shares of PRPL for 2.22 per share on Aug 28. After the transaction, the Director now owns 158,478 company shares. In a previous transaction on Jun 02, McGarvey Casey Kale bought 22,300 shares at 2.85 per share. PRPL shares that Chief Legal Officer owns now total 108,436.
Among the insiders who bought shares, KERBY JEFFERY SCOTT acquired of 16,350 shares on May 26 at a per-share price of $3.45. This resulted in the Chief of Owned Retail holding 39,427 shares of PRPL after the transaction. In another insider transaction, DARLING SETH LANE bought 17,000 shares at $3.02 per share on May 16. Company shares held by the Director now total 17,000.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PRPL in the last 3 months, the mean price target is $1.85 with high estimates of $5.00 and low estimates of $1.00. In terms of 52-week highs and lows, PRPL has a high of $4.62 and a low of $0.55.
As of this writing, PRPL has an earnings estimate of $PPL Corporation per share for the current quarter. EPS was calculated based on a consensus of PayPal Holdings, Inc. estimates, with a high estimate of $TRPL per share and a lower estimate of $Purple Innovation, Inc.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PRPL’s latest balance sheet shows that the firm has $91.62M in Cash & Short Term Investments as of fiscal 2021. There were $184.62M in debt and $142.01M in liabilities at the time. Its Book Value Per Share was $1.26, while its Total Shareholder’s Equity was $146.54M.
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 PRPL is Buy with a score of 3.50.
