Could Impinj, Inc. (PI) Gain Strenght? The Stock Reaches 52-Week Low

February 18, 2018 - By Hazel Jackson

The stock of Impinj, Inc. (NASDAQ:PI) is a huge mover today! The stock decreased 17.57% or $2.36 during the last trading session, reaching $11.07. About 5.97 million shares traded or 530.28% up from the average. Impinj, Inc. (NASDAQ:PI) has 0.00% since February 18, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months negative chart setup for the $232.01 million company. It was reported on Feb, 18 by Barchart.com. We have $10.07 PT which if reached, will make NASDAQ:PI worth $20.88M less.

Impinj, Inc. (NASDAQ:PI) Ratings Coverage

Among 9 analysts covering Impinj (NASDAQ:PI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Impinj had 28 analyst reports since August 15, 2016 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 4. The firm has “Equal-Weight” rating given on Thursday, November 2 by Morgan Stanley. KeyBanc Capital Markets downgraded Impinj, Inc. (NASDAQ:PI) on Tuesday, June 27 to “Hold” rating. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, September 26 report. RBC Capital Markets maintained the shares of PI in report on Monday, July 17 with “Buy” rating. The firm earned “Neutral” rating on Thursday, November 2 by PiperJaffray. RBC Capital Markets maintained it with “Outperform” rating and $30.0 target in Thursday, September 1 report. The rating was initiated by Morgan Stanley with “Overweight” on Thursday, February 23. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, June 19 report. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, September 27 report.

More notable recent Impinj, Inc. (NASDAQ:PI) news were published by: Seekingalpha.com which released: “Impinj plunges 32% after cutting outlook; CFO out” on February 02, 2018, also Streetinsider.com with their article: “Piper Jaffray Upgrades Impinj Inc (PI) to Overweight, Potential Acquisition Target” published on February 06, 2018, Nasdaq.com published: “Earnings Reaction History: IMPINJ INC, 60.0% Follow-Through Indicator, 17.7 …” on February 15, 2018. More interesting news about Impinj, Inc. (NASDAQ:PI) were released by: Streetinsider.com and their article: “Canaccord Genuity Downgrades Impinj Inc (PI) to Hold” published on February 02, 2018 as well as Globenewswire.com‘s news article titled: “Impinj Announces Fourth Quarter and Full Year 2017 Financial Results” with publication date: February 15, 2018.

Impinj, Inc. operates a platform that enables wireless connectivity to everyday items by delivering each itemsÂ’ unique identity, location, and authenticity to business and consumer applications. The company has market cap of $232.01 million. The Company’s platform delivers Item Intelligence, which include real-time information about an itemÂ’s unique identity, location, and authenticity through RAIN radio-frequency identification technology. It currently has negative earnings. The companyÂ’s platform includes endpoint integrated circuits product, a miniature radios-on-a-chip that attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

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