Purple Innovation, Inc. (NASDAQ:PRPL) has a beta value of 2.11 and has seen 1,946,236 shares traded in the last trading session. The company, currently valued at $977.07 Million, closed the last trade at $18.13 per share which meant it gained $0.8 on the day or 5.1% during that session. The PRPL stock price is -5.13% off its 52-week high price of $19.06 and 75.62% above the 52-week low of $4.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 844.78 Million shares traded. The 3-month trading volume is 744.55 Million shares.
The consensus among analysts is that Purple Innovation, Inc. (PRPL) is a Buy stock at the moment, with a recommendation rating of 1.5. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. None out of 6 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.21.
Purple Innovation, Inc. (NASDAQ:PRPL) trade information
Sporting 5.1% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the PRPL stock price touched $19.06- or saw a rise of 4.88%. Year-to-date, Purple Innovation, Inc. shares have moved 108.15%, while the 5-day performance has seen it change -2.53%. Over the past 30 days, the shares of Purple Innovation, Inc. (NASDAQ:PRPL) have changed 26.43%. Short interest in the company has seen 2.07 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $19.33, which means that the shares’ value could jump 6.62% from current levels. The projected low price target is $17 while the price target rests at a high of $23. In that case, then, we find that the current price level is +26.86% off the targeted high while a plunge would see the stock lose -6.23% from current levels.
Purple Innovation, Inc. (PRPL) estimates and forecasts
Figures show that Purple Innovation, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +113.29% over the past 6 months, with this year growth rate of -55.63%, compared to 5.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 231.2% and 25% for the next quarter. Revenue growth from the last financial year stood is estimated to be +43%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +21.6% while over the next 5 years, the company’s earnings are expected to increase by 23.1%.
Purple Innovation, Inc. (NASDAQ:PRPL)’s Major holders
Insiders own 3.67% of the company shares, while shares held by institutions stand at 80.49% with a share float percentage of 83.56%. Investors are also buoyed by the number of investors in a company, with Purple Innovation, Inc. having a total of 93 institutions that hold shares in the company. The top two institutional holders are Coliseum Capital Management, Llc with over 8.23 Million shares worth more than $46.72 Million. As of March 30, 2020, Coliseum Capital Management, Llc held 34.82% of shares outstanding.
The other major institutional holder is Woodson Capital Management, LP, with the holding of over 2.34 Million shares as of March 30, 2020. The firm’s total holdings are worth over $13.27 Million and represent 9.89% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Wasatch Microcap Fund and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 2.47% shares in the company for having 584032 shares of worth $3.32 Million while later fund manager owns 361.37 Thousand shares of worth $2.05 Million as of March 30, 2020, which makes it owner of about 1.53% of company’s outstanding stock.