Impinj Inc Stock Buy Hold or Sell Recommendation

PI Stock  USD 128.41  0.99  0.78%   
Allowing for the 90-day total investment horizon and your slightly conservative level of risk, our recommendation regarding Impinj Inc is 'Strong Buy'. Macroaxis provides Impinj buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Impinj positions. The advice algorithm takes into account all of Impinj's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Impinj's buy or sell advice are summarized below:
Real Value
137.18
Target Price
87.75
Hype Value
128.41
Market Value
128.41
Naive Value
122.86
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Impinj Inc given historical horizon and risk tolerance towards Impinj. When Macroaxis issues a 'buy' or 'sell' recommendation for Impinj Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Impinj Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Impinj and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Impinj Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Execute Impinj Buy or Sell Advice

The Impinj recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Impinj Inc. Macroaxis does not own or have any residual interests in Impinj Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Impinj's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell ImpinjBuy Impinj
Strong Buy

Market Performance

GoodDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Strong BuyDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Impinj Inc has a Risk Adjusted Performance of 0.1237, Jensen Alpha of 0.4831, Total Risk Alpha of (0.06), Sortino Ratio of 0.2138 and Treynor Ratio of 0.615
Macroaxis provides investment recommendation on Impinj to complement and cross-verify current analyst consensus on Impinj Inc. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Impinj Inc is not overpriced, please check out all Impinj fundamentals, including its revenue, short ratio, current liabilities, as well as the relationship between the cash per share and market capitalization . Given that Impinj Inc has a number of shares shorted of 3.26 M, we strongly advise you to confirm Impinj Inc market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Impinj Trading Alerts and Improvement Suggestions

The company generated the yearly revenue of 307.54 M. Annual Net Loss to common stockholders was (43.37 M) with gross profit of 137.88 M.
Impinj Inc reports about 181.85 M in cash with (49.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.02.
Over 96.0% of the company shares are owned by institutional investors
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Impinj Returns Distribution Density

The distribution of Impinj's historical returns is an attempt to chart the uncertainty of Impinj's future price movements. The chart of the probability distribution of Impinj daily returns describes the distribution of returns around its average expected value. We use Impinj Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Impinj returns is essential to provide solid investment advice for Impinj.
Mean Return
0.62
Value At Risk
-3.79
Potential Upside
5.33
Standard Deviation
2.96
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Impinj historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Impinj Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Impinj is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Impinj Inc backward and forwards among themselves. Impinj's institutional investor refers to the entity that pools money to purchase Impinj's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Capital World Investors2023-12-31
546.4 K
Geode Capital Management, Llc2023-12-31
507.1 K
Amvescap Plc.2023-12-31
499.3 K
Millennium Management Llc2023-12-31
493.8 K
Hhg Plc2023-12-31
436.9 K
Cinctive Capital Management Lp2023-12-31
423.7 K
Allspring Global Investments Holdings, Llc2023-12-31
386.7 K
Wasatch Advisors Inc.2023-12-31
377.6 K
Goldman Sachs Group Inc2023-12-31
373.7 K
Sylebra Capital Llc2023-12-31
4.2 M
Fmr Inc2023-12-31
4.1 M
Note, although Impinj's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Impinj Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory10.6M(2.2M)14.4M(24.4M)(49.6M)(47.1M)
Change In Cash49.4M(43.3M)100.3M(104.3M)75.2M79.0M
Free Cash Flow2.3M(20.0M)(9.8M)(11.4M)(68.2M)(64.8M)
Depreciation4.8M4.5M4.6M6.0M13.6M14.3M
Other Non Cash Items206K3.7M11.4M3.7M1.5M2.0M
Capital Expenditures2.4M3.1M16.2M12.1M18.8M19.8M
Net Income(23.0M)(51.9M)(51.3M)(24.3M)(43.4M)(41.2M)
End Period Cash Flow66.9M23.6M123.9M19.6M94.8M99.5M
Investments(10.7M)(33.2M)(2.4M)(102.8M)85.0M89.2M
Net Borrowings59.3M(257K)94.8M(17.6M)(20.2M)(19.2M)
Change To Netincome19.1M25.7M52.3M44.7M51.4M54.0M
Change Receivables(5.3M)(1.3M)(10.4M)(14.5M)(13.1M)(12.4M)

Impinj Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Impinj or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Impinj's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Impinj stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.48
β
Beta against NYSE Composite0.99
σ
Overall volatility
2.98
Ir
Information ratio 0.16

Impinj Volatility Alert

Impinj Inc currently demonstrates below-average downside deviation. It has Information Ratio of 0.16 and Jensen Alpha of 0.48. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Impinj's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Impinj's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Impinj Fundamentals Vs Peers

Comparing Impinj's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Impinj's direct or indirect competition across all of the common fundamentals between Impinj and the related equities. This way, we can detect undervalued stocks with similar characteristics as Impinj or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Impinj's fundamental indicators could also be used in its relative valuation, which is a method of valuing Impinj by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Impinj to competition
FundamentalsImpinjPeer Average
Return On Equity-1.74-0.31
Return On Asset-0.0709-0.14
Profit Margin(0.14) %(1.27) %
Operating Margin(0.19) %(5.51) %
Current Valuation3.65 B16.62 B
Shares Outstanding27.2 M571.82 M
Shares Owned By Insiders4.28 %10.09 %
Shares Owned By Institutions95.76 %39.21 %
Number Of Shares Shorted3.26 M4.71 M
Price To Earning(233.60) X28.72 X
Price To Book100.77 X9.51 X
Price To Sales11.25 X11.42 X
Revenue307.54 M9.43 B
Gross Profit137.88 M27.38 B
EBITDA(43.48 M)3.9 B
Net Income(43.37 M)570.98 M
Cash And Equivalents181.85 M2.7 B
Cash Per Share7.02 X5.01 X
Total Debt294.59 M5.32 B
Current Ratio7.73 X2.16 X
Book Value Per Share1.26 X1.93 K
Cash Flow From Operations(49.38 M)971.22 M
Short Ratio8.23 X4.00 X
Earnings Per Share(1.62) X3.12 X
Target Price129.75
Number Of Employees47518.84 K
Beta2.04-0.15
Market Capitalization3.48 B19.03 B
Total Asset359.41 M29.47 B
Retained Earnings(430.15 M)9.33 B
Working Capital238.82 M1.48 B
Current Asset102.7 M9.34 B
Current Liabilities20.53 M7.9 B
Note: Disposition of 597 shares by Chris Diorio of Impinj at 127.8773 subject to Rule 16b-3 [view details]

Impinj Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Impinj . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Impinj Buy or Sell Advice

When is the right time to buy or sell Impinj Inc? Buying financial instruments such as Impinj Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total304.4M294.4M294.6M309.3M
Total Assets315.5M349.7M359.4M188.0M

Use Investing Ideas to Build Portfolios

In addition to having Impinj in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Tobacco Products Thematic Idea Now

Tobacco Products
Tobacco Products Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Tobacco Products theme has 10 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tobacco Products Theme or any other thematic opportunities.
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When determining whether Impinj Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Impinj's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Impinj Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Impinj Inc Stock:
Check out Impinj Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Impinj's price analysis, check to measure Impinj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Impinj is operating at the current time. Most of Impinj's value examination focuses on studying past and present price action to predict the probability of Impinj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Impinj's price. Additionally, you may evaluate how the addition of Impinj to your portfolios can decrease your overall portfolio volatility.
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Is Impinj's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Impinj. If investors know Impinj will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Impinj listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.62)
Revenue Per Share
11.496
Quarterly Revenue Growth
(0.08)
Return On Assets
(0.07)
Return On Equity
(1.74)
The market value of Impinj Inc is measured differently than its book value, which is the value of Impinj that is recorded on the company's balance sheet. Investors also form their own opinion of Impinj's value that differs from its market value or its book value, called intrinsic value, which is Impinj's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Impinj's market value can be influenced by many factors that don't directly affect Impinj's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Impinj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Impinj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Impinj's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.