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 $155.55, up 28.65% from the previous day, and has increased 14.38% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.28 percentage points. Impinj stock is currently +221.45% from its 52-week low of $48.39, and -0.55% from its 52-week high of $156.41.
At the moment, there are 27.71M shares of PI outstanding. The market value of PI is $4.31B. In the last 24 hours, 3.04M 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.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro now.
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/B ratio of 50.17x, relative to Communication Equipment industry P/B ratio of 2.69x
You can do additional valuation research on PI's stock here.
PI Financial Overview
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 -6.3% to -1.9% in the past year.
- There are more short-term assets than short-term liabilities on the PI balance sheet.
Negative Financial Indicators:
- PI earnings of -$1.20M is not sufficient to cover its interest payments.
- Total PI debt is higher than 5 years ago, relative to shareholder equity.
- PI has a relatively high debt to equity ratio of 3.82.
- PI's operating cash flow of $37.32M allows it to safely service it's debt of $294.16M.
Do Wall Street analysts think it's a good time to buy Impinj stock
Out of 7 sell side analysts who give recommendations on PI, the consensus analyst rating on Impinj is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest PI Analyst Recommendations
Michael Walkley, a top 4% analyst from Canaccord Genuity maintains PI with a strong buy rating and raises their PI price target from $130.00 to $150.00, on Mar 14, 2024.
Canaccord Genuity's Michael Walkley raised their price target on Impinj (NASDAQ: PI) by 15.4% from $130 to $150 on 2024/03/14. The analyst maintained their Strong Buy rating on the stock.
The analyst said they increased their price target to reflect Impinj's successful settlement of its patent disputes with NXP Semiconductors N.V. announced on 2024/03/13.
This deal resolves all outstanding litigation and is a "clear win and validation of Impinj's strong intellectual property for the RAIN RFID market," Walkley said
Footnotes
RAIN RFID is a wireless technology that connects everyday items to the internet, enabling businesses and consumers to identify, locate, authenticate, and engage each item. [from here]
Toshiya Hari, a top 2% analyst from Goldman Sachs maintains PI with a strong buy rating and raises their PI price target from $89.00 to $115.00, on Feb 9, 2024.
You can dig deeper into what analysts are saying on the Impinj stock forecast page.
PI Momentum
PI Revenue
Last year, PI revenue was $298.47M. Over the last 5 year, PI's revenue has increased by 17.97% per year. This was faster than the Communication Equipment industry average of 4%.
You can research PI's earnings and revenue performance here.
Are PI executives and large shareholders buying or selling the stock?
In the last 12 months, insiders 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 $6,796.51 worth of PI shares on Apr 15, 2024.
Research more about who owns PI shares here.
Does PI provide a stable income stream?
No, Impinj doesn't provide an income stream by paying out dividends.
What others are saying about PI
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
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 available price.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you want more info about investing in stocks on eToro, click the how to video below:
Step 6: Watch your investment in PI
Now that you own some PI stock, you'll want to keep up with your company.
Make a watchlist to monitor your PI stock.
PI Feed
How to Buy Stock in Impinj
To reiterate, here are the 6 steps you need to take to buy Impinj stock right now:
- 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 require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your new investment in Impinj, click below.
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