Impinj Inc (PI)

NASDAQ
Currency in USD
136.21
-3.26(-2.34%)
Closed
After Hours
136.45+0.24(+0.18%)
PI Scorecard
Full Analysis
Net income is expected to grow this year
Earnings results expected in 11 days
Fair Value
Day's Range
134.88138.66
52 wk Range
95.96239.88
Key Statistics
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Prev. Close
139.47
Open
138.66
Day's Range
134.88-138.66
52 wk Range
95.96-239.88
Volume
408K
Average Vol. (3m)
576.54K
1-Year Change
34.17%
Book Value / Share
4.84
Fair Value
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Fair Value Upside
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PI Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
233.40
Upside
+71.35%
Members' Sentiments
Bearish
Bullish
ProTips
8 analysts have revised their earnings upwards for the upcoming period
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Impinj Inc Company Profile

Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.

Impinj Inc SWOT Analysis


Analyst Optimism
Cantor Fitzgerald sets a bullish price target of $260, reflecting confidence in Impinj's long-term growth prospects and market position
Untapped Potential
Explore the vast growth opportunities for Impinj, with only 0.4% of connectable items currently using RAIN technology
Financial Strength
Record-breaking Q3 2024 results showcase Impinj's robust performance, with revenue reaching $95.2 million and non-GAAP EPS of $0.56
RFID Market Leade
Impinj dominates the RAIN tag market, poised for growth as IoT adoption accelerates across retail and supply chain sectors
Read full SWOT analysis

Impinj Inc Earnings Call Summary for Q3/2024

  • Q3 revenue up 46% YoY to $95.2M, but down 7% sequentially; Endpoint IC revenue at $81M, up 67% YoY despite 9% sequential decline
  • Q4 revenue forecast: $91-94M (31% YoY increase); Adjusted EBITDA projected at $13.6-15.1M
  • Strong M800 product adoption expected; growing enterprise pipeline in retail and food tagging markets
  • Qualcomm partnership to boost RAIN technology in mobile devices; European retailers driving Systems revenue growth
  • Challenges: slower adoption in Asia authentication market; ongoing endpoint IC pricing negotiations
Last Updated: 10/24/2024, 05:20 AM
Read Full Transcript

Compare PI to Peers and Sector

Metrics to compare
PI
Peers
Sector
Relationship
P/E Ratio
135.9x12.9x11.6x
PEG Ratio
0.690.130.01
Price / Book
28.3x2.0x2.4x
Price / LTM Sales
11.2x6.4x2.2x
Upside (Analyst Target)
75.5%26.4%22.6%
Fair Value Upside
Unlock4.2%3.8%Unlock

Analyst Ratings

9 Buy
1 Hold
0 Sell
Ratings:
10 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 233.40
(+71.35% Upside)

Earnings

Latest Release
Oct 23, 2024
EPS / Forecast
0.56 / 0.48
Revenue / Forecast
95.20M / 92.88M
EPS Revisions
Last 90 days

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FAQ

What Is the Impinj (PI) Stock Price Today?

The Impinj stock price today is 136.21

What Stock Exchange Does Impinj Trade On?

Impinj is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Impinj?

The stock symbol for Impinj is "PI."

What Is the Impinj Market Cap?

As of today, Impinj market cap is 3.85B.

What is Impinj Earnings Per Share?

The Impinj EPS is 1.03.

What Is the Next Impinj Earnings Date?

Impinj will release its next earnings report on Feb 05, 2025.

From a Technical Analysis Perspective, Is PI a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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