During the last session, Purple Innovation Inc (NASDAQ:PRPL)’s traded shares were 0.42 million, with the beta value of the company hitting 2.09. At the end of the trading day, the stock’s price was $0.75, reflecting an intraday loss of -4.04% or -$0.03. The 52-week high for the PRPL share is $2.12, that puts it down -182.67 from that peak though still a striking 13.33% gain since the share price plummeted to a 52-week low of $0.65. The company’s market capitalization is $80.92M, and the average intraday trading volume over the past 10 days was 0.54 million shares, and the average trade volume was 808.04K 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
Purple Innovation Inc (NASDAQ:PRPL) trade information
Purple Innovation Inc (PRPL) registered a -4.04% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.04% in intraday trading to $0.75, hitting a weekly high. The stock’s 5-day price performance is -14.19%, and it has moved by -12.00% in 30 days. Based on these gigs, the overall price performance for the year is -49.58%. The short interest in Purple Innovation Inc (NASDAQ:PRPL) is 3.74 million shares and it means that shorts have 2.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies an increase of 50.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.1 and $6 respectively. As a result, PRPL is trading at a discount of -700.0% off the target high and -46.67% off the low.
Purple Innovation Inc (PRPL) estimates and forecasts
In the rating firms’ projections, revenue will decrease -3.19% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 104.17M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 114.04M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 120.03M and 120.27M respectively. In this case, analysts expect current quarter sales to shrink by -13.22% and then drop by -5.18% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.53%. While earnings are projected to return 44.98% in 2025, the next five years will return 36.48% per annum.
PRPL Dividends
Purple Innovation Inc is due to release its next quarterly earnings on 2025-Mar-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Purple Innovation Inc (NASDAQ:PRPL)’s Major holders
Purple Innovation Inc insiders own 4.46% of total outstanding shares while institutional holders control 71.45%, with the float percentage being 74.79%. COLISEUM CAPITAL MANAGEMENT, LLC is the largest shareholder of the company, while 117.0 institutions own stock in it. As of 2024-06-30, the company held over 46.86 million shares (or 43.5908% of all shares), a total value of $48.73 million in shares.
The next largest institutional holding, with 7.74 million shares, is of NO STREET GP LP’s that is approximately 7.2027% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.05 million.
Also, the Mutual Funds coming in first place with the largest holdings of Purple Innovation Inc (PRPL) shares are WASATCH FUNDS TRUST-Wasatch Micro Cap Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Dec 31, 2024 indicates that WASATCH FUNDS TRUST-Wasatch Micro Cap Fund owns about 2.78 shares. This amounts to just over 2.59 percent of the company’s overall shares, with a $2.09 million market value. The same data shows that the other fund manager holds slightly less at 1.65, or about 1.53% of the stock, which is worth about $1.24 million.
