How to Buy Impinj Stock
Impinj Inc
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
Impinj stock last closed at $235.65, up 1.7% from the previous day, and has increased 331.59% in one year. It has overperformed other stocks in the Communication Equipment industry by 3.02 percentage points. Impinj stock is currently +386.98% from its 52-week low of $48.39, and -0.39% from its 52-week high of $236.58.
At the moment, there are 28.12M shares of PI outstanding. The market value of PI is $6.63B. In the last 24 hours, 327,717 PI shares were traded.
How to Buy Impinj Stock
Not sure how to invest in Impinj stock? Here's how.
- Choose where to buy Impinj stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Impinj stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your information.
- Evaluate Impinj stock: The Impinj ticker symbol is PI. Is Impinj stock a good investment? Should you buy shares of PI? How do PI's underlying business fundamentals look? Do top analysts think Impinj is a good buy? Why has PI's stock price moved recently? (Hint: Our stock analysis website can help you understand if PI is a good stock to buy).
- Place your PI buy order: Decide if you will purchase PI shares at the current market price or use a limit order to purchase PI shares at a particular price.
- Watch your investment in PI: Create a watchlist to keep tabs on your investment in Impinj shares.
Step 1: Choose where to buy Impinj stock
You need a brokerage account in order to access the NASDAQ market and buy PI shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in PI stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details depositing funds into your new brokerage account.
Step 4: Evaluate Impinj stock
After you have figured out the best place to buy Impinj stock, it's important to evaluate their stock prior to buying, so you actually wrap your head around the risk and opportunity.
Impinj quick stats
Impinj Due Diligence Checks
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on PI's stock page.
What is the fair value of PI stock?
Analysts use many financial metrics, analyses, models, and charts to gauge PI's intrinsic value.
Using relative valuations metrics:
- PI may be overvalued based on its P/E ratio of 548.02x, relative to Communication Equipment industry P/E ratio of 31.78x
- PI may be overvalued based on its P/B ratio of 56.64x, relative to Communication Equipment industry P/B ratio of 3.4x
- PI could be overvalued based on its PEG ratio of 10.42x
You can do additional valuation analysis on PI's stock here.
A quick look at PI Financials
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the PI balance sheet.
- PI profit margin has gone up from -4.7% to 3.9% in the past year.
- There are more short-term assets than short-term liabilities on the PI balance sheet.
- PI's operating cash flow of $105.34M allows it to safely service it's debt of $293.68M.
Negative Financial Indicators:
- PI has a relatively high debt to equity ratio of 2.81.
- PI earnings of $17.17M is not sufficient to cover its interest payments.
- Total PI debt is higher than 5 years ago, relative to shareholder equity.
Is PI stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Equities analysts who track PI, the consensus analyst rating on Impinj is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest PI Analyst Upgrades/Downgrades
Christopher Rolland, a top 1% analyst from Susquehanna maintains PI with a strong buy rating and raises their PI price target from $150.00 to $215.00, on Jul 17, 2024.
Susquehanna's Christopher Rolland raised their price target on Impinj (NASDAQ: PI) by 43.3% from $150 to $215 on 2024/07/17. The analyst maintained their Strong Buy rating on the stock.
Rolland made their price target move on Impinj in a preview of Q2 2024 earnings from names in their Semiconductor portfolio.
The analyst told investors to expect results impacted by "continuing broad-based headwinds," pointing out, however, that "they will be uneven as different markets progress at different stages of the downcycle."
Rolland detailed:
- For PCs, Susquehanna raised its 2024 notebook builds and sell-through estimates slightly because Q2 finished better than predicted, "although it continues to believe that AI PCs will not drive a meaningful acceleration in 2H 2024."
- For Handsets, the firm expects smartphone shipments to increase by 4.5% in 2024 to 1.2B units, slightly higher than its prior estimate because Q2 channel checks came in stronger than expectations.
Toshiya Hari, a top 1% analyst from Goldman Sachs downgrades PI to a hold rating and maintains their PI price target from $156.00 to $156.00, on May 20, 2024.
Blayne Curtis, a top 2% analyst from Jefferies assumes PI with a strong buy rating and raises their PI price target from $135.00 to $200.00, on May 13, 2024.
You can dive deeper into what analysts are forecasting on the Impinj stock forecast page.
Metrics for Advanced PI Traders
PI Performance Numbers
Last year, PI revenue was $314.98M. Over the last five year, PI's revenue has gone up by 17.56% per year. This was faster than the Communication Equipment industry average of 3.59%.
You can research PI's earnings and revenue performance here.
Who is buying/selling PI?
In the past year, executives and large shareholders at PI have bought more shares than they have sold.
Cary Baker, CHIEF FINANCIAL OFFICER of PI, was the latest PI insider to sell. They sold $34,831.61 worth of PI stock on Sep 24, 2024.
Research more about who owns PI stock here.
Does PI stock generate passive income?
No, Impinj doesn't provide an income stream by paying out dividends.
Get analysis from other investors
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Step 5: Place your PI buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, use a limit order.
Click the Open Trade button and your broker will place your order.
If you want additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in PI
Now that you own some PI stock, you'll want to keep up with your new investment.
Make a watchlist to keep tabs on your PI stock.
PI Feed
How to Buy Stock in Impinj
To summarize, here are the 6 steps to buy Impinj stock:
- Choose where to buy Impinj stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Impinj stock
- Place your PI buy order
- Watch your investment in PI
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your investment in Impinj, create your watchlist below.
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