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How to buy Purple Innovation stock
Learn how to easily invest in Purple Innovation stock.
Purple Innovation Inc is a furnishings, fixtures & appliances business based in the US. Purple Innovation shares (PRPL) are listed on the NASDAQ and all prices are listed in US Dollars. Purple Innovation employs 1,800 staff and has a trailing 12-month revenue of around 0.00.
How to buy shares in Purple Innovation
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – PRPL – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Purple Innovation stock price (NASDAQ: PRPL)Use our graph to track the performance of PRPL stocks over time.
Purple Innovation shares at a glance
|Latest market close||$3.20|
|52-week range||$2.99 - $28.89|
|50-day moving average||$4.59|
|200-day moving average||$10.68|
|Wall St. target price||$6.29|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$-0.68|
Buy Purple Innovation shares from these brokeragesCompare special offers, low fees and a wide range of types of investments among top trading platforms.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Purple Innovation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Purple Innovation price performance over time
|1 week (2022-06-23)||-13.75%|
|1 month (2022-05-26)||N/A|
|3 months (2022-03-30)||-50.31%|
|6 months (2021-12-30)||-76.01%|
|1 year (2021-06-30)||-87.88%|
|2 years (2020-06-30)||-82.22%|
|3 years (2019-06-28)||6.75|
|5 years (2017-06-27)||9.95|
Is Purple Innovation stock undervalued or overvalued?
Valuing Purple Innovation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Purple Innovation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Purple Innovation's PEG ratio
Purple Innovation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.004. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Purple Innovation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Purple Innovation's EBITDA
Purple Innovation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $23.2 million.
The EBITDA is a measure of a Purple Innovation's overall financial performance and is widely used to measure a its profitability.
Purple Innovation financials
|Revenue TTM||$683 million|
|Gross profit TTM||$295 million|
|Return on assets TTM||-6.07%|
|Return on equity TTM||-16%|
|Market capitalisation||$306.6 million|
TTM: trailing 12 months
Purple Innovation share dividends
We're not expecting Purple Innovation to pay a dividend over the next 12 months.
Purple Innovation share price volatility
Over the last 12 months, Purple Innovation's shares have ranged in value from as little as $2.99 up to $28.89. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Purple Innovation's is 1.8253. This would suggest that Purple Innovation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Purple Innovation overview
Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. The company also offers bases, foundations, sheets, mattress protectors, bed frames, seat cushions, weighted blankets, and duvets, as well as pet beds. It markets and sells its products through its e-commerce online channels retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through Purple retail showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah. .
Purple Innovation in the news
Hopeful week for insiders who might be regretting buying US$989k of Purple Innovation, Inc. (NASDAQ:PRPL) stock earlier this year
Mattress maker stocks sink on signs of weak Memorial Day sales
Frequently asked questionsWhat percentage of Purple Innovation is owned by insiders or institutions?
Currently 1.422% of Purple Innovation shares are held by insiders and 124.299% by institutions. How many people work for Purple Innovation?
Latest data suggests 1,800 work at Purple Innovation. When does the fiscal year end for Purple Innovation?
Purple Innovation's fiscal year ends in December. Where is Purple Innovation based?
Purple Innovation's address is: 4100 North Chapel Ridge Road, Lehi, UT, United States, 84043 What is Purple Innovation's ISIN number?
Purple Innovation's international securities identification number is: US74640Y1064 What is Purple Innovation's CUSIP number?
Purple Innovation's Committee on Uniform Securities Identification Procedures number is: 37954X105
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