After Forming Double Bottom Pattern, Is Impinj, Inc. (PI)’s Near-Term Analysis Negative?

June 14, 2018 - By Louis Casey

The chart of Impinj, Inc. (PI) shows a double bottom with $20.17 target or 9.00 % below today’s $22.16 share price. The 5 months chart pattern indicates high risk for the $472.89 million company. It was reported on Jun, 14 by If the $20.17 price target is reached, the company will be worth $42.56M less. Double bottoms are rare but powerful chart patterns.

The stock increased 4.28% or $0.91 during the last trading session, reaching $22.16. About 377,316 shares traded. Impinj, Inc. (NASDAQ:PI) has declined 63.62% since June 14, 2017 and is downtrending. It has underperformed by 76.19% the S&P500.

Analysts await Impinj, Inc. (NASDAQ:PI) to report earnings on August, 2. They expect $-0.45 earnings per share, down 850.00 % or $0.51 from last year’s $0.06 per share. After $-0.38 actual earnings per share reported by Impinj, Inc. for the previous quarter, Wall Street now forecasts 18.42 % negative EPS growth.

More news for Impinj, Inc. (NASDAQ:PI) were recently published by:, which released: “Why Impinj Stock Jumped Today” on June 05, 2018.‘s article titled: “How Impinj, Inc. Stock Rose 46% Last Month” and published on June 14, 2018 is yet another important article.

Impinj, Inc. operates a platform that enables wireless connectivity to everyday items by delivering each itemsÂ’ unique identity, location, and authenticity to business and consumer applications. The company has market cap of $472.89 million. The Company’s platform delivers Item Intelligence, which include real-time information about an itemÂ’s unique identity, location, and authenticity through RAIN radio-frequency identification technology. It currently has negative earnings. The companyÂ’s platform includes endpoint integrated circuits product, a miniature radios-on-a-chip that attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

Impinj, Inc. (NASDAQ:PI) Ratings Chart

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