Purple Innovation Inc (NASDAQ:PRPL)’s traded shares stood at 0.31 million during the last session, with the company’s beta value hitting 2.34. At the close of trading, the stock’s price was $1.05, to imply a decrease of -2.78% or -$0.03 in intraday trading. The PRPL share’s 52-week high remains $2.33, putting it -121.9% down since that peak but still an impressive 28.57% since price per share fell to its 52-week low of $0.75. The company has a valuation of $113.10M, with an average of 0.46 million shares in intraday trading volume over the past 10 days and average of 427.49K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Purple Innovation Inc (PRPL), translating to a mean rating of 2.50. Of 3 analyst(s) looking at the stock, 0 analyst(s) give PRPL a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.
Purple Innovation Inc (NASDAQ:PRPL) trade information
After registering a -2.78% downside in the last session, Purple Innovation Inc (PRPL) has traded red over the past five days. The 5-day price performance for the stock is -5.41%, and 28.82% over 30 days. With these gigs, the year-to-date price performance is 34.62%. Short interest in Purple Innovation Inc (NASDAQ:PRPL) saw shorts transact 3.44 million shares and set a 7.63 days time to cover.
The extremes give us $1.1 and $1.1 for target low and target high price respectively. As such, PRPL has been trading -4.76% off suggested target high and -4.76% from its likely low.
Purple Innovation Inc (PRPL) estimates and forecasts
The rating firms project that company’s revenue will shrink -4.36% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 129.39M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 117.28M.Earnings reports from the last fiscal year show that sales brought in 145.94M and 120.03M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.34% before dropping -2.29% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -17.83% for the past 5-year period. While 2025 is set for a 31.13% return in earnings, projections for the next 5 years are at 38.49% annually.
PRPL Dividends
Purple Innovation Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is NO STREET GP LP with 7.74 million shares, or about 7.3024% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $8.05 million.
We also have Wasatch Microcap Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Purple Innovation Inc (PRPL) shares. Going by data provided on Sep 30, 2024 , Wasatch Microcap Fund holds roughly 2.78 shares. This is just over 2.59% of the total shares, with a market valuation of $2.92 million. Data from the same date shows that the other fund manager holds a little less at 1.65, or 1.53% of the shares, all valued at about 1.73 million.
