IMPINJ (NASDAQ:PI) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, February 20th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.
Shares of NASDAQ PI opened at $17.99 on Monday. IMPINJ has a fifty-two week low of $9.95 and a fifty-two week high of $28.48. The company has a market capitalization of $386.32 million, a P/E ratio of -62.03 and a beta of 2.24. The company has a current ratio of 5.49, a quick ratio of 3.34 and a debt-to-equity ratio of 0.20.
PI has been the topic of several analyst reports. BidaskClub upgraded shares of IMPINJ from a “hold” rating to a “buy” rating in a report on Saturday, November 3rd. Zacks Investment Research upgraded shares of IMPINJ from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, January 9th. Finally, ValuEngine upgraded shares of IMPINJ from a “hold” rating to a “buy” rating in a report on Monday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.67.
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Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.
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