Is Purple Innovation Inc (PRPL) positioned for future growth?

With 0.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.94 million shares. The 52-week range on PRPL shows that it touched its highest point at $3.78 and its lowest point at $0.55 during that stretch. It currently has a 1-year price target of $2.75. With its current market cap of 189.41 million, PRPL has annualized dividend of $0.00 while the current yield stands at 0.00%. Beta for the stock currently stands at 1.94.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PRPL was up-trending over the past week, with a rise of 22.92%, but this was down by -14.08% over a month. Three-month performance surged to 71.84% while six-month performance rose 3.51%. The stock lost -31.64% in the past year, while it has gained 71.84% so far this year. A look at the trailing 12-month EPS for PRPL yields -1.11 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.16. This implies an EPS growth rate of 47.04% for this year and 43.68% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.83%.

Float and Shares Shorts:

At present, 105.51 million PRPL shares are outstanding with a float of 99.50 million shares on hand for trading. On Mar 15, 2024, short shares totaled 6.3 million, which was 5.89% higher than short shares on Feb 15, 2024. In addition to PYPL as the firm’s PayPal Holdings, Inc., PPL serves as its PPL Corporation.

Institutional Ownership:

Through their ownership of 77.09% of PRPL’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PRPL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, PRPL has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PRPL currently yields $0.00. In the past year, PRPL’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, PRPL has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.