Impinj's Stock Plummets, Analysts Warn of Tougher Demand
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Impinjs stock plummets 42.8% over six months, trading at $116.70, due to weaker quarterly results and slowing revenue growth. The companys negative operating margins and poor returns on invested capital raise concerns. Despite the lower price, it trades at 50.6 times forward earnings, suggesting high expectations. Investors may find better opportunities elsewhere.
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