The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded a decrease of -6.36%. However, over the last six months, the performance has been stronger by -22.22%. The price of PRPL increased 6.00% over the last 30 days. And in the last five days, it has surged by 16.39%.
Purple Innovation Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $2.33 on 03/04/24, while the lowest price for the same duration was marked at $0.59 on 11/30/23.
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52-week price history of PRPL Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Purple Innovation Inc’s current trading price is -58.61% away from its 52-week high, while its distance from the 52-week low is 63.47%. The stock’s price range during this period has varied between$0.59 and $2.33. The Purple Innovation Inc’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 0.27 million for the day, a figure considerably lower than their average daily volume of 0.32 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Purple Innovation Inc (PRPL) has experienced a quarterly decline of -22.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 103.89M and boasts a workforce of 1700 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0498, with a change in price of -0.0755. Similarly, Purple Innovation Inc recorded 344,387 in trading volume during the last 100 days, posting a change of -7.26%.
PRPL’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PRPL stands at 5.46. Similarly, the long-term debt-to-equity ratio is also 4.88.
PRPL Stock Stochastic Average
Purple Innovation Inc’s raw stochastic average for the past 50 days is presently 52.79%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 83.05%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 78.86% and 70.63%, respectively.
