The trading price of Impinj Inc (NASDAQ:PI) closed higher on Friday, May 02, and closing at $98.80, 4.08% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $96.425 and $100.22. In examining the 52-week price action we see that the stock hit a 52-week high of $239.88 and a 52-week low of $60.85. Over the past month, the stock has gained 8.50% in value.
Impinj Inc, whose market valuation is $2.86 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Apr-22. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest PI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PI a recommendation rating is 11. Out of them, 2 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Impinj Inc (PI) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that PI’s price is currently 27.25% off the SMA20 and 14.50% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.56, and weekly volatility stands at 5.08%. When measured over the past 30 days, the indicator reaches 9.33%. Impinj Inc (NASDAQ:PI)’s beta value is currently sitting at 1.63, while the Average True Range indicator is currently displaying 6.28. With analysts defining $87-$270 as the low and high price targets, we arrive at a consensus price target of $225 for the trailing 12-month period. The current price is about 11.94% off the estimated low and -173.28% off the forecast high, based on this estimate. Investors will be thrilled if PI’s share price rises to $225, which is the median consensus price. At that level, PI’s share price would be -127.73% below current price.
To see how Impinj Inc stock has been performing in comparison to its peers in the industry, here are the numbers: PI stock’s performance was 4.08% in the latest trading, and -38.01% in the past year.
An evaluation of the daily trading volume of Impinj Inc (NASDAQ:PI) indicates that the 3-month average is 788.99K. However, this figure has increased over the past 10 days to an average of 1.0.
Currently, records show that 28.93 million of the company’s shares remain outstanding. The insiders hold 4.07% of outstanding shares, whereasinstitutions hold 105.93%. The stats also highlight that short interest as of 2025-04-15, stood at 3.25 million shares, resulting in a short ratio of 4.48 at that time. From this, we can conclude that short interest is 1659.00 of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 3.6 million. However, since the stock’s price has seen -31.98% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
