Impinj, Inc. (PI) Stock: A Tech Stock That’s Falling

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Impinj, Inc. (PI) is making a move down in the market in today’s trading session. The company, focused in the tech sector, is currently priced at $24.65 after falling -13.54% so far today. In terms of technology companies, there are several aspects that have the potential to generate declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories associated with PI:

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May-17-19 04:28PM Why Impinj Shares Fell 13.5% Today
May-09-19 09:53AM Impinj, Inc. (PI) Shares March Higher, Can It Continue?
07:36AM Moving Average Crossover Alert: Impinj
May-07-19 03:32PM How Impinj Shares Soared 75% Higher in April
May-01-19 11:28AM Edited Transcript of PI earnings conference call or presentation 29-Apr-19 9:00pm GMT

However, any time investors are making an investing decision, investors should focus on much more than news, especially in the ever evolving tech industry. Here’s what’s going on with Impinj, Inc..

The Performance That PI Investors Have Experienced

Although a move toward the top in a single session, like the move that we’re seeing from Impinj, Inc. may make some investors fearful, a single session fall by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally smart to look into trends experienced by the stock for a period longer than a single session. In the case of PI, below are the returns on investment that investors have experienced:

  • Weekly – Over the last 5 trading sessions, PI has produced a change in price amounting to -15.55%.
  • Past 30 Days – The monthly returns from Impinj, Inc. comes to 24.68%.
  • Past Three Months – Over the past 3 months, the company has generated a return on investment of 37.02%
  • Past 6 Months – Throughout the previous six months, investors have seen a change of 21.49% from the stock.
  • Year To Date – Since the the last trading session of last year PI has generated a ROI of 69.42%.
  • Annually – Finally, in the last full year, we’ve seen a change that comes to 42.24% from PI. Over this period of time, the stock has traded at a high price of -20.74% and a low of 86.04%.

Ratios That Are Notable

Digging into various key ratios associated with a stock can give prospective investors a look of just how risky and/or potentially profitable a pick might be. Here are a few of the most important ratios to think about when digging into PI.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it shows that more investors have a belief that the price of the stock is going to tumble. Throughout the sector, strong tech stocks can come with a lower short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Impinj, Inc., it’s short ratio is 8.56.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure If a company is able to pay for its debts as they mature based on current assets or quick assets. In the tech industry, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look damning. However, quite a few gems in the technology space come with strong current and quick ratios. When it comes to PI, the quick and current ratios come to 3.10 and 4.80 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this case, the book to share value ratio equates to 4.46.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value comes to 2.69.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PI, here’s what we’re seeing:

Institutions own 71.70% of the company. Institutional interest has moved by -0.57% over the past three months. When it comes to insiders, those who are close to the company currently own 1.50% percent of PI shares. Institutions have seen ownership changes of an accumulative -17.36% over the last three months.

How Analysts Feel About Impinj, Inc.

While it’s rarely a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own before making investment decisions in the tech industry. Below are the recent moves that we’ve seen from analysts when it comes to PI.

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Jun-19-18 Reiterated Piper Jaffray Overweight $19 → $26
Feb-06-18 Upgrade Piper Jaffray Neutral → Overweight
Feb-02-18 Downgrade RBC Capital Mkts Outperform → Sector Perform
Feb-02-18 Downgrade Needham Buy → Hold
Feb-02-18 Downgrade Dougherty & Company Buy → Neutral

What We’ve Seen In Financial Results

What have ween seen from PI in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, Wall St. analysts expect that the company will come up with earnings per diluted share of -0.01, with -0.09 being reported in the report for the current quarter. Although this information is not associated with earnings, because we are talking on the topic of Wall Street analysts, Impinj, Inc. is presently rated a 2.40 considering a scale that ranges from 1 to 5 on which 1 is the worst possible analyst grade and 5 is the best rating.
  • 5-Year Sales – Over the past 5 years, Impinj, Inc. has generated a movement in sales that adds up to 17.20%. Earnings in the past 5 years have generated movement in the amount of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings performance, or Q/Q data as it is commonly explained in the world of humans, Impinj, Inc. has created a change in earnings that comes to a total of 52.00%. Impinj, Inc. has also seen a change when it comes to revenue that totals 31.90%.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 21.04M shares of Impinj, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, PI has a float of 20.19M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to PI, the short percent of the float is 14.94%.

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