Impinj, Inc. (PI) Is Forming Wedge Down Pattern at $13.64

April 16, 2018 - By Sheila Pollock

Impinj, Inc. (PI) has a down wedge chart pattern with $12.82 price target. That’s 6.00 % below today’s $13.64 share price. The company’s valuation will be $17.45M less at $12.82 price target.

PI reached $13.64 on during the last trading session after $0.18 change.Impinj, Inc. has volume of 111,573 shares. Since April 16, 2017 PI has declined 55.60% and is downtrending. The stock underperformed the S&P500 by 67.15%.

Analysts await Impinj, Inc. (NASDAQ:PI) to report earnings on May, 3. They expect $-0.49 earnings per share, down 600.00 % or $0.42 from last year’s $-0.07 per share. After $-0.28 actual earnings per share reported by Impinj, Inc. for the previous quarter, Wall Street now forecasts 75.00 % negative EPS growth.

Impinj, Inc. (NASDAQ:PI) Ratings Coverage

Total analysts of 5 have positions in IMPINJ Inc (NASDAQ:PI) as follows: 3 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 60%. Since October 26, 2017 according to StockzIntelligence Inc IMPINJ Inc has 5 analyst reports. On Thursday, November 2 the company was downgraded by PiperJaffray. In Thursday, November 2 report Canaccord Genuity maintained the stock with “Buy” rating. On Thursday, October 26 the rating was maintained by Needham with “Buy”. On Monday, October 30 RBC Capital Markets maintained Impinj, Inc. (NASDAQ:PI) rating. RBC Capital Markets has “Buy” rating and $50.0 target. On Thursday, November 2 Morgan Stanley maintained the shares of PI in report with “Equal-Weight” rating.

Impinj, Inc. (NASDAQ:PI) Analyst Ratings Chart

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