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Company’s Banking Shares: Up -14.52% from 52-Week Low, But Can the Momentum Hold?

Impinj Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $175.41 on 05/16/24 and a low of $48.39 for the same time frame on 10/25/23.

52-week price history of PI Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Impinj Inc’s current trading price is -14.52% away from its 52-week high, while its distance from the 52-week low is 209.86%. The stock’s price range during this period has spanned from $48.39 to $175.41. In the Technology sector, the Impinj Inc’s shares surpassed a trading volume of approximately 0.66 million for the day, which was noticeably higher compared to the average daily volume of 9.0.44 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Impinj Inc (PI) has experienced a quarterly rise of 29.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.16B and boasts a workforce of 475 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 128.32, with a change in price of +68.94. Similarly, Impinj Inc recorded 450,908 in trading volume during the last 100 days, posting a change of +84.33%.

Examining PI’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 PI stands at 3.42. Similarly, the long-term debt-to-equity ratio is also 3.38.

PI Stock Stochastic Average

Today, Impinj Inc’s raw stochastic average for the past 50 days stands at 59.06%, indicating a rise from the raw stochastic average of the last 20 days, which was 16.64%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 41.22% and 47.88% respectively.

PI Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Until today this year the stock’s price performance recorded an increase of 66.54%. However, over the last six months, the performance has been weaker by 83.19%. The price of PI decreased -8.44% over the last 30 days. And in the last five days, it has fallen by -8.39%.

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