Purple Innovation (NASDAQ:PRPL) Upgraded by Zacks Investment Research to Hold

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Purple Innovation stock has undergone multiple analysts rating changes in the recent past.  Purple Innovation Upgraded by Zacks Investment Research on 10/27/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of Purple Innovation traded down -$0.38 on Tuesday, reaching $19.21. 174005 shares of the stock traded hands, compared to its average volume of 1212160. Shares of Purple Innovation were trading at $19.21 on Tuesday. The firm’s 50 day moving average is $22.69 and its 200 day moving average is $29.12.Purple Innovation has a 12 month low of $19.04 and a 12 month high of $41.08. While on yearly highs and lows, Purple Innovation’s today has traded high as $19.65 and has touched $19.04 on the downward trend. See More Analyst Rating at: RATING

Purple Innovation Earnings and What to expect: 

Purple Innovation last issued its quarterly earnings results on August 9th, 2021. The reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.08. The company had revenue of $182.60 million for the quarter, compared to the consensus estimate of $181.70 million. Its revenue was up 10.6% on a year-over-year basis. Purple Innovation has generated $0.78 earnings per share over the last year ($0.09 diluted earnings per share) and currently has a price-to-earnings ratio of 217.7. Earnings for Purple Innovation are expected to grow by 65.71% in the coming year, from $0.70 to $1.16 per share. Purple Innovation has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 9th, 2021 based off prior year’s report dates.

Earnings for Purple Innovation are expected to grow by 65.71% in the coming year, from $0.70 to $1.16 per share. The P/E ratio of Purple Innovation is 217.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.29. The P/E ratio of Purple Innovation is 217.67, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 42.60. Purple Innovation has a PEG Ratio of 2.00. PEG Ratios above 1 indicate that a company could be overvalued. Purple Innovation has a P/B Ratio of 18.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Purple Innovation (NASDAQ:PRPL) Moving Average Technical Analysis

5 day Moving Average is $20.37 And 5 day price change is -$0.99 (-4.81%)  with average volume for 5 day average is 892,460. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $20.85 and 20 day price change is -$2.71 (-12.15%) and average 20 day moving volume is 1,274,230. 50 day moving average is $22.69  and 50 day price change is -$6.38 ( -24.57%)  and with average volume for 50 days is : 1,037,836. 200 day moving average is $29.12  and 200 day price change is -$15.43 (-44.06%)  and with average volume for 200 days is : 1,128,210.

Other owners latest trading in Purple Innovation :

  • On 10/22/2021 shares held by Stephenson National Bank & Trust were 3,018 which equates to market value of $63K and appx 0.00% owners of Purple Innovation
  • On 10/13/2021 shares held by Scout Investments Inc. were 321,722 which equates to market value of $6.76M and appx 0.10% owners of Purple Innovation
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 12,130 which equates to market value of $0.32M and appx 0.00% owners of Purple Innovation
  • In total Institutional ownership equates to Institutional Ownership Percentage: 98.14% for Purple Innovation

See More Analyst Rating at: RATING