Purple Innovation Stock Analysis

Purple Stock Analysis Notes

About 63.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.74. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Purple Innovation has Price/Earnings To Growth (PEG) ratio of 2.0. The entity recorded a loss per share of 0.52. The firm had not issued any dividends in recent years. Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. The company was founded in 2010 and is headquartered in Lehi, Utah. Purple Innovation operates under Furnishings, Fixtures Appliances classification in the United States and is traded on NASDAQ Exchange. It employs 1800 people. To find out more about Purple Innovation contact Robert DeMartini at 801-756-2600 or learn more at https://investors.purple.com.

Purple Innovation Investment Alerts

Purple Innovation Upcoming and Recent Events

Purple Largest EPS Surprises

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Purple Stock Institutional Investors

Note, although Purple Innovation's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Purple Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 77.96 M.

Purple Profitablity

The company has Profit Margin (PM) of (0.12) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.06) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.06.

Management Efficiency

Purple Innovation has return on total asset (ROA) of (0.0664) % which means that it has lost $0.0664 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (102.7052) %, meaning that it created substantial loss on money invested by shareholders. Purple Innovation's management efficiency ratios could be used to measure how well Purple Innovation manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is expected to rise to -0.36 this year. The value of Return On Capital Employed is expected to slide to -0.42. At this time, Purple Innovation's Net Tangible Assets are quite stable compared to the past year. Debt To Assets is expected to rise to 0.49 this year, although the value of Non Current Assets Total will most likely fall to about 193.1 M.

Technical Drivers

As of the 5th of January, Purple Innovation holds the Risk Adjusted Performance of (0.04), coefficient of variation of (1,452), and Variance of 18.66. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Purple Innovation, as well as the relationship between them. Please check Purple Innovation risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Purple Innovation is priced some-what accurately, providing market reflects its current price of 0.7284 per share. As Purple Innovation is a penny stock we also suggest to check out its jensen alpha numbers.

Purple Innovation Price Movement Analysis

Purple Innovation Insider Trading Activities

Purple Innovation Outstanding Bonds

Purple Innovation Predictive Daily Indicators

Purple Innovation Forecast Models

Purple Innovation's time-series forecasting models are one of many Purple Innovation's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Purple Innovation's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Purple Innovation Bond Ratings

Purple Innovation financial ratings play a critical role in determining how much Purple Innovation have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for Purple Innovation's borrowing costs.

Purple Innovation Debt to Cash Allocation

Purple Innovation currently holds 158.13 M in liabilities with Debt to Equity (D/E) ratio of 0.7, which is about average as compared to similar companies. Purple Innovation has a current ratio of 1.87, which is within standard range for the sector. Note, when we think about Purple Innovation's use of debt, we should always consider it together with its cash and equity.

Purple Innovation Total Assets Over Time

Purple Innovation Assets Financed by Debt

The debt-to-assets ratio shows the degree to which Purple Innovation uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.

Purple Innovation Debt Ratio

49.0

It seems about 51% of Purple Innovation's assets are financed through equity. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Purple Innovation's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Purple Innovation, which in turn will lower the firm's financial flexibility.

Purple Innovation Corporate Bonds Issued

Purple Short Long Term Debt Total

Stock analysis is the technique used by a trader or investor to examine and evaluate how Purple Innovation prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Purple shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Purple Innovation. By using and applying Purple Stock analysis, traders can create a robust methodology for identifying Purple entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Purple analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Purple analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Purple Innovation stock analysis indicators help investors evaluate how Purple Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Purple Innovation shares will generate the highest return on investment. By understating and applying Purple Innovation stock analysis, traders can identify Purple Innovation position entry and exit signals to maximize returns.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purple Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Is Household Appliances space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Purple Innovation. If investors know Purple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Purple Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Purple Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Purple Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purple Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.