During the last session, Purple Innovation Inc (NASDAQ:PRPL)’s traded shares were 0.42 million, with the beta value of the company hitting 2.06. At the end of the trading day, the stock’s price was $0.94, reflecting an intraday loss of -3.97% or -$0.03. The 52-week high for the PRPL share is $2.33, that puts it down -147.87 from that peak though still a striking 26.6% gain since the share price plummeted to a 52-week low of $0.69. The company’s market capitalization is $100.83M, and the average intraday trading volume over the past 10 days was 0.32 million shares, and the average trade volume was 329.46K shares over the past three months.
Purple Innovation Inc (PRPL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.50. PRPL has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
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Purple Innovation Inc (NASDAQ:PRPL) trade information
Purple Innovation Inc (PRPL) registered a -3.97% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.97% in intraday trading to $0.94, hitting a weekly high. The stock’s 5-day price performance is -5.44%, and it has moved by 9.86% in 30 days. Based on these gigs, the overall price performance for the year is -8.23%. The short interest in Purple Innovation Inc (NASDAQ:PRPL) is 3.37 million shares and it means that shorts have 9.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.3, which implies an increase of 27.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.1 and $1.5 respectively. As a result, PRPL is trading at a discount of -59.57% off the target high and -17.02% off the low.
Purple Innovation Inc (PRPL) estimates and forecasts
Statistics show that Purple Innovation Inc has outperformed its competitors in share price, compared to the industry in which it operates. Purple Innovation Inc (PRPL) shares have gone down -7.32% during the last six months, with a year-to-date growth rate more than the industry average at 32.86% against -2.00.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -17.83%. While earnings are projected to return 31.82% in 2024, the next five years will return 15.00% per annum.
PRPL Dividends
Purple Innovation Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 7.74 million shares, is of NO STREET GP LP’s that is approximately 7.3024% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.05 million.
