Purple Innovation Inc (NASDAQ:PRPL) has a beta value of 2.00 and has seen 1.14 million shares traded in the last trading session. The company, currently valued at $161.59M, closed the last trade at $1.51 per share which meant it lost -$0.05 on the day or -3.21% during that session. The PRPL stock price is -150.33% off its 52-week high price of $3.78 and 63.58% above the 52-week low of $0.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.29 million shares traded. The 3-month trading volume is 950.06K shares.
Purple Innovation Inc (NASDAQ:PRPL) trade information
Sporting -3.21% in the red in last session, the stock has traded in the red over the last five days, when the PRPL stock price touched $1.51 or saw a rise of 27.4%. Year-to-date, Purple Innovation Inc shares have moved 46.60%, while the 5-day performance has seen it change -22.96%. Over the past 30 days, the shares of Purple Innovation Inc (NASDAQ:PRPL) have changed -1.31%. Short interest in the company has seen 6.33 million shares shorted with days to cover at 7.84.
Purple Innovation Inc (PRPL) estimates and forecasts
Figures show that Purple Innovation Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -32.89% over the past 6 months, with this year growth rate of 48.57%, compared to 3.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -33.30% and 45.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.40%.
8 analysts offering their estimates for the company have set an average revenue estimate of $121.29 million for the current quarter. 8 have an estimated revenue figure of $130.58 million for the next quarter concluding in Jun 2024.
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 -17.83% over the past 5 years. Earnings growth for 2024 is a modest 47.04% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
PRPL Dividends
Purple Innovation Inc is expected to release its next earnings report on March 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.00 at a share yield of 0.00%.
Purple Innovation Inc (NASDAQ:PRPL)’s Major holders
Insiders own 3.73% of the company shares, while shares held by institutions stand at 77.09% with a share float percentage of 80.08%. Investors are also buoyed by the number of investors in a company, with Purple Innovation Inc having a total of 124 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Coliseum Capital Management, Llc and FMR, LLC. As of Jun 29, 2023, the former fund manager holds about 44.49% shares in the company for having 46.86 million shares of worth $130.26 million while later fund manager owns 11.3 million shares of worth $31.42 million as of Jun 29, 2023, which makes it owner of about 10.73% of company’s outstanding stock.
