Shares of Impinj Inc. (NASDAQ:PI) traded today at $64.68, eclipsing its 52-week high. Approximately 161,000 shares have changed hands today, as compared to an average 30-day volume of 390,000 shares.
Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item’s identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which 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. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.
Over the past year, Impinj Inc. has traded in a range of $11.47 to $64.68 and is now at $63.88, 457% above that low.
Impinj Inc. (NASDAQ:PI) is currently priced 46.7% above its average consensus analyst price target of $34.03.
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