Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate IMPINJ Inc before investing.

In this article, we go over a few key elements for understanding IMPINJ Inc’s stock price such as:

• IMPINJ Inc’s current stock price and volume
• Why IMPINJ Inc’s stock price changed recently
• Upgrades and downgrades for PI from analysts
• PI’s stock price momentum as measured by its relative strength

About IMPINJ Inc (PI)

Before we jump into IMPINJ Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Impinj, Inc. (Impinj) is engaged in developing of Internet of things (IoT) solutions. The Company helps businesses and people to analyze, optimize, and innovate by wirelessly connecting billions of everyday things, such as apparel, automobile parts, luggage, and shipments to the Internet. The Company uses a type of radio-frequency identification (RFID) technology known as RAIN for the wireless item-to-cloud connectivity. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless IoT. It sells a suite of products that enable the Company and its partner ecosystem use to connect and deliver item data to enterprises. It sells two types of silicon integrated circuit (IC) radios. The first are endpoint ICs that store a serialized number to wirelessly identify an item. The second are reader ICs that its partners use in finished readers to wirelessly discover, inventory and engage the endpoint ICs.

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IMPINJ Inc’s Stock Price as of Market Close

As of April 25, 2024, 4:00 PM, CST, IMPINJ Inc’s stock price was $155.55.

IMPINJ Inc is up 28.65% from its previous closing price of $120.91.

During the last market session, IMPINJ Inc’s stock traded between $120.42 and $128.65. Currently, there are 27.09 million shares of IMPINJ Inc stock available for purchase.

Unfortunately, IMPINJ Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

IMPINJ Inc Stock Price History

IMPINJ Inc’s (PI) price is currently up 21.14% so far this month.

During the month of April, IMPINJ Inc’s stock price has reached a high of $156.41 and a low of $115.02.

Over the last year, IMPINJ Inc has hit prices as high as $139.46 and as low as $48.39. Year to date, IMPINJ Inc’s stock is up 42.47%.

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What Caused IMPINJ Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of April 24, 2024,, no analysts have changed their rating of IMPINJ Inc’s stock over the last month.

Additionally, you'll want to evaluate IMPINJ Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on IMPINJ Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

IMPINJ Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about IMPINJ Inc (PI) by visiting AAII Stock Evaluator.

Relative Price Strength of IMPINJ Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 24, 2024, IMPINJ Inc has a weighted four-quarter relative price strength of 4.01%, which translates to a Momentum Score of 77 and is considered to be Strong.

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IMPINJ Inc Stock Price: Bottom Line

As of April 25, 2024, IMPINJ Inc’s stock price is $155.55, which is up 28.65% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like IMPINJ Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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