Impinj, Inc. Common Stock | PI

Daily Technical Analysis of Impinj, Inc. Common Stock

Geez, brutal day for Impinj, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.

Currently PI isn't at a clear support/resistance line that seems tradable. Impinj hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the Computer Hardware company has lost -50.87 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. It might slide down to the $90.99 level and find some buyers to give it support.

Analyst Ratings for Impinj By Price Target And Rating

The analysts are pretty neutral on Impinj right now, so not much useful information here. The current Analysts Sentiment Score is 4.31. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-26 The Goldman Sachs Group increased their price target by 20% to $156.00. Needham & Company LLC boosted their price targ by 23.08% to $160.00 on 2024-04-25. Piper Sandler reiterated a rating of Overweight on 2024-04-25 and moved up their price target to $150.00 which is a 15.38% increase. Roth Mkm boosted their price targ by 16% to $145.00 on 2024-04-25. Susquehanna boosted their price targ by 7.69% to $140.00 on 2024-04-23. On 2024-04-16 Evercore ISI started covering Impinj with a rating of Outperform and provided a price target of $160.00. On 2024-03-14 Canaccord Genuity Group increased their price target by 15.38% to $150.00. Lake Street Capital decided to move down their price target on 2023-07-27 to $90.00 which is a -30.77% decrease. On 2023-06-26 BWS Financial started covering Impinj with a rating of Sell and added a price target of $45.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Impinj

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Impinj

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.