With 0.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.55 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $150.53 whereas the lowest price it dropped to was $145.59. The 52-week range on PI shows that it touched its highest point at $239.88 and its lowest point at $78.17 during that stretch. It currently has a 1-year price target of $243.70. Beta for the stock currently stands at 1.90.
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 PI was up-trending over the past week, with a rise of 3.48%, but this was down by -9.04% over a month. Three-month performance dropped to -32.77% while six-month performance fell -7.42%. The stock gained 77.25% in the past year, while it has gained 3.48% so far this year. A look at the trailing 12-month EPS for PI yields 0.85 with Next year EPS estimates of 2.75. For the next quarter, that number is 0.48. This implies an EPS growth rate of 196.03% for this year and 32.92% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.37%.
Float and Shares Shorts:
At present, 28.27 million PI shares are outstanding with a float of 27.19 million shares on hand for trading. On 2024-12-13, short shares totaled 3.78 million, which was 1345.0 higher than short shares on 1731628800. In addition to Dr. Chris Diorio Ph.D. as the firm’s Co-Founder, Vice Chairman & CEO, Mr. Cary L. Baker serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 1.05921 of PI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PI reported revenue of $95198000.0 and operating income of -$769000.0. The EBITDA in the recently reported quarter was $4484000.0 and diluted EPS was $0.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PI since 11 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PI analysts setting a high price target of 270.0 and a low target of 200.0, the average target price over the next 12 months is 243.7. Based on these targets, PI could surge 79.63% to reach the target high and rise by 33.06% to reach the target low. Reaching the average price target will result in a growth of 62.13% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.12276 being high and $1.98124 being low. For PI, this leads to a yearly average estimate of $2.07222.
