As of January 18, 2024, Impinj (NASDAQ:PI) has received ratings from 5 analysts, each offering their own perspective on the stock. These ratings range from bullish to bearish, creating a mix of opinions.
When looking at the 12-month price targets, the average target stands at $96.8, with a high estimate of $115.00 and a low estimate of $85.00. It is worth noting that the current average target is slightly lower than the previous average of $97.00.
Notable recent actions by analysts include James Ricchiuti of Needham raising the buy rating to $115.00, Christopher Rolland of Susquehanna making a positive announcement with a price target of $100.00, and Toshiya Hari of Goldman Sachs adjusting the buy rating to $89.00. On the other hand, Scott Searle of Roth MKM lowered the buy rating to $95.00.
Taking all these ratings into account, the consensus rating for Impinj is a Moderate Buy. This conclusion is based on 5 buy ratings, 0 hold ratings, and 1 sell rating.
PI Stock Shows Strong Performance with 11.40% Rise on January 18, 2024
On January 18, 2024, PI, a stock listed on the market, displayed a positive performance. The stock was trading in the middle of its 52-week range and above its 200-day simple moving average. The shares of PI had increased by $9.32 since the market closed on the previous day, representing a rise of 11.40%. The stock closed at $91.07 on the previous day, and in pre-market trading, it continued to rise by $0.43. Investors who were holding PI shares on this day would have experienced substantial gains in their investment. Overall, based on the information provided, PI exhibited a strong performance on January 18, 2024.
PI Stock Performance on January 18, 2024: A Closer Look at Total Revenue, Net Income, and EPS
Title: PI Stock Performance on January 18, 2024: A Closer Look at the Numbers
Introduction:
On January 18, 2024, PI stock experienced a mix of positive and negative performance indicators. Analyzing the financial data sourced from CNN Money, we will delve into the company’s total revenue, net income, and earnings per share (EPS) for the past year and the most recent quarter.
Total Revenue:
PI’s total revenue for the past year stood at $257.80 million, demonstrating a significant increase of 35.48% compared to the previous year. However, the company experienced a decline of 24.4% in total revenue since the last quarter, with Q3 revenue recorded at $65.00 million.
Net Income:
The net income for PI over the past year amounted to -$24.30 million, indicating a substantial increase of 52.59% compared to the previous year. However, in the most recent quarter (Q3), the net income took a sharp decline of 95.41%, with a reported figure of -$15.76 million.
Earnings per Share (EPS):
PI’s earnings per share (EPS) for the past year was -$0.95, reflecting a notable increase of 55.12% compared to the previous year. However, in Q3, the EPS dropped by 93.87%, with a reported figure of -$0.59.
Analysis:
The financial data reveals a mixed performance for PI stock on January 18, 2024. While the total revenue experienced a significant increase over the past year, the company faced a decline in revenue since the previous quarter.
Furthermore, while the net income and EPS demonstrated positive growth over the past year, both indicators experienced sharp declines in the most recent quarter.
It is essential to consider the reasons behind these fluctuations. Factors such as changes in market conditions, increased competition, or internal operational challenges may have contributed to the recent decline in net income and EPS.
Conclusion:
The performance of PI stock on January 18, 2024, showed a mixed bag of results. While the company experienced significant growth in total revenue, the recent decline in revenue, net income, and EPS raises concerns about its financial stability and profitability.
Investors and stakeholders must closely monitor PI’s future financial reports to assess the company’s ability to rebound from the recent downturn. Additionally, understanding the underlying reasons behind these fluctuations will be crucial in determining the long-term prospects of PI stock.
