In the last trading session, 1.51 million Purple Innovation Inc (NASDAQ:PRPL) shares changed hands as the company’s beta touched 2.02. With the company’s per share price at $0.85 changed hands at -$0.05 or -5.78% during last session, the market valuation stood at $96.93M. PRPL’s last price was a discount, traded about -149.41% off its 52-week high of $2.12. The share price had its 52-week low at $0.65, which suggests the last value was 23.53% up since then. When we look at Purple Innovation Inc’s average trading volume, we note the 10-day average is 2.44 million shares, with the 3-month average coming to 784.29K.
Analysts gave the Purple Innovation Inc (PRPL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PRPL as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Purple Innovation Inc’s EPS for the current quarter is expected to be -0.14.
Purple Innovation Inc (NASDAQ:PRPL) trade information
Instantly PRPL was in red as seen at the end of in last trading. With action 22.14%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 8.71%, with the 5-day performance at 22.14% in the green. However, in the 30-day time frame, Purple Innovation Inc (NASDAQ:PRPL) is -17.68% down. Looking at the short shares, we see there were 3.49 million shares sold at short interest cover period of 7.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need an upside of 43.33% from its current market value. According to analyst projections, PRPL’s forecast low is 1.1 with 6 as the target high. To hit the forecast high, the stock’s price needs a -605.88% plunge from its current level, while the stock would need to soar -29.41% for it to hit the projected low.
Purple Innovation Inc (PRPL) estimates and forecasts
Year-over-year growth is forecast to reach -2.54% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 104.13M. 7 analysts are of the opinion that Purple Innovation Inc’s revenue for the current quarter will be 113.89M. The company’s revenue for the corresponding quarters a year ago was 120.03M and 120.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.25%. The estimates for the next quarter sales put growth at -5.31%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.54%. The 2025 estimates are for Purple Innovation Inc earnings to increase by 45.20%, but the outlook for the next 5-year period is at 36.77% per year.
PRPL Dividends
Purple Innovation Inc is expected to release its next quarterly earnings report on 2025-Mar-12.
Purple Innovation Inc (NASDAQ:PRPL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.41% of Purple Innovation Inc shares while 71.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.75%. There are 71.45% institutions holding the Purple Innovation Inc stock share, with COLISEUM CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 43.5908% of the shares, roughly 46.86 million PRPL shares worth $48.73 million.
NO STREET GP LP holds the second largest percentage of outstanding shares, with 7.2027% or 7.74 million shares worth $8.05 million as of 2024-06-30.
