Purple Innovation Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $3.78 on 05/23/23, while the lowest price for the same duration was marked at $0.55 on 11/10/23.
52-week price history of PRPL Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Purple Innovation Inc’s current trading price is -52.38% away from its 52-week high, while its distance from the 52-week low is 230.21%. The stock’s price range during this period has spanned from $0.55 to $3.78. In the Consumer Cyclical sector, the Purple Innovation Inc’s shares surpassed a trading volume of approximately 0.54 million for the day, which was noticeably lower compared to the average daily volume of 9.0.91 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Purple Innovation Inc (PRPL) has experienced a quarterly rise of 87.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 192.62M and boasts a workforce of 1700 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.25, with a change in price of +1.19. Similarly, Purple Innovation Inc recorded 1,098,874 in trading volume during the last 100 days, posting a change of +195.08%.
Examining PRPL’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for PRPL stands at 1.33. Similarly, the long-term debt-to-equity ratio is also 1.18.
PRPL Stock Stochastic Average
Today, Purple Innovation Inc’s raw stochastic average for the past 50 days stands at 61.59%, indicating a rise from the raw stochastic average of the last 20 days, which was 54.93%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 66.25% and 65.32% respectively.
PRPL Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 74.76% this year. Over the last six months, there has been a weaker performance of 31.39%. The price of PRPL leaped by -8.16% during the last 30 days period. For the last 5-days stocks have slided -7.22%.
