After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Purple to Report Fourth Quarter and Full Year 2023 Results on March 12, 2024.
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Stocks Info
Purple Innovation Inc is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Furnishings, Fixtures & Appliances industry. At the end of the last regular session, the stock closed at $1.94 and fluctuated between $2.1288 as its day high and $1.9100 as its day low. The current market capitalization of Purple Innovation Inc is $204.77M. A total of 1.12 million shares were traded on the day, compared to an average of 1.07M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PRPL has a high of $4.22 and a low of $0.55.
As of this writing, PRPL has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.22. The company reported an EPS of -$0.2 in the last quarter, which was -81.80% lower than expectations of -$0.11.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.
