The Street Is Finally Waking Up To Purple Innovation Inc (NASDAQ: PRPL)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Inducement Grants to Executive Officers.

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Stocks Info

Purple Innovation Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Furnishings, Fixtures & Appliances industry. At the end of the last regular session, the stock closed at $1.74 and fluctuated between $1.8100 as its day high and $1.5800 as its day low. The current market capitalization of Purple Innovation Inc is $186.20M. A total of 1.34 million shares were traded on the day, compared to an average of 933.58K shares.

In the most recent transaction, Ulrich George Turner bought 4,000 shares of PRPL for 1.52 per share on Mar 22 ’24. After the transaction, the Principal Accounting Officer now owns 16,874 company shares. In a previous transaction on Aug 28 ’23, DICAMILLO GARY T bought 10,000 shares at 2.22 per share. PRPL shares that Director owns now total 158,478.

Among the insiders who bought shares, McGarvey Casey Kale acquired of 22,300 shares on Jun 02 ’23 at a per-share price of $2.85. This resulted in the Chief Legal Officer holding 108,436 shares of PRPL after the transaction. In another insider transaction, KERBY JEFFERY SCOTT bought 16,350 shares at $3.45 per share on May 26 ’23. Company shares held by the Chief of Owned Retail now total 39,427.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PRPL has a high of $3.78 and a low of $0.55.

As of this writing, PRPL has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.18 in the last quarter, which was -800.00% lower than expectations of -$0.02.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $1.09, while its Total Shareholder’s Equity was $146.54M.

Analysts Opinion

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. 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 3.75.

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