How Impinj, Inc. Stock Fell 25.4% in November
Shares of RAIN RFID specialist Impinj (NASDAQ: PI) fell 25.4% in November 2017, according to data from S&P Global Market Intelligence. The stock plunged as much as 35% lower in a single day, following the release of a disappointing earnings report.
In the third quarter, Impinj's top-line sales rose 5% year over year to land at $32.6 million. The year-ago period's adjusted net profit of $0.10 per share turned into a $0.08 loss per share. The sales performance was in line with Wall Street's projections, but analysts had been looking for a smaller loss of $0.03 per share. Guidance for the next quarter also fell far short of the Street's expectations at the time.
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Source: Fool.com
Impinj Inc Stock
€150.80
-0.200%
The stock is one of the favorites of our community with 24 Buy predictions and 1 Sell predictions.
As a result the target price of 176 € shows a slightly positive potential of 16.71% compared to the current price of 150.8 € for Impinj Inc.
