The stock of Purple Innovation, Inc. (NASDAQ:PRPL) is a huge mover today! The stock decreased 3.12% or $0.25 during the last trading session, reaching $7.75. About 145,536 shares traded. Purple Innovation, Inc. (NASDAQ:PRPL) has declined 8.58% since December 4, 2018 and is downtrending. It has underperformed by 8.58% the S&P500.
The move comes after 7 months negative chart setup for the $404.62 million company. It was reported on Dec, 4 by Barchart.com. We have $7.05 PT which if reached, will make NASDAQ:PRPL worth $36.42 million less.
Analysts await Purple Innovation, Inc. (NASDAQ:PRPL) to report earnings on March, 10. They expect $0.07 EPS, up 158.33 % or $0.19 from last year’s $-0.12 per share. PRPL’s profit will be $3.65M for 27.68 P/E if the $0.07 EPS becomes a reality. After $0.19 actual EPS reported by Purple Innovation, Inc. for the previous quarter, Wall Street now forecasts -63.16 % negative EPS growth.
Purple Innovation, Inc. (NASDAQ:PRPL) Ratings Coverage
Among 4 analysts covering Purple Innovation (NASDAQ:PRPL), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Purple Innovation has $1200 highest and $1000 lowest target. $11.25’s average target is 45.16% above currents $7.75 stock price. Purple Innovation had 6 analyst reports since September 23, 2019 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Monday, September 23.
More notable recent Purple Innovation, Inc. (NASDAQ:PRPL) news were published by: Streetinsider.com which released: “Purple Innovation (PRPL) Announces Proposed 8M Share Secondary Offering – StreetInsider.com” on November 11, 2019, also Nasdaq.com with their article: “BUZZ-U.S. STOCKS ON THE MOVE-Qualcomm, Roku, Ralph Lauren, Hecla Mining, ObsEva – Nasdaq” published on November 07, 2019, Nasdaq.com published: “Goldman Sachs Says These Are the 3 Stocks to Buy; 5-Star Analysts Agree – Nasdaq” on November 14, 2019. More interesting news about Purple Innovation, Inc. (NASDAQ:PRPL) were released by: Seekingalpha.com and their article: “XPEL and Unique Fabricating among Consumer gainers; Adient and Vince losers – Seeking Alpha” published on November 11, 2019 as well as Nasdaq.com‘s news article titled: “BUZZ-U.S. STOCKS ON THE MOVE-Tiffany, Pot stocks, La-Z-Boy, Target, Applied Materials – Nasdaq” with publication date: November 21, 2019.
Purple Innovation, Inc. designs and makes mattresses, pillows, and cushions. The company has market cap of $404.62 million. The firm markets and sells its products through direct-to-consumer and retail channels. It currently has negative earnings.
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