Impinj Inc (PI) Stock Analysis
Verdict: WATCH (do not buy)
High valuation at 14.1x P/S leaves zero safety margin for lumpy sequential growth, making sentiment highly sensitive to inventory cycles.
Investment score: 42/100
Analysis as of
Is Impinj Inc stock worth reviewing? The TradeMates thesis
The TradeMates model assigns a WATCH rating to Impinj Inc (PI) with an Investment Score of 42/100. Demanding valuation multiples (14.06x P/S) and ongoing GAAP loss cycles leave the stock vulnerable to pullbacks if quarterly sequential guidance falters.
7-factor investment score
- Valuation: 30/100 (weight 20%)
- Financial Health: 55/100 (weight 15%)
- Technical Momentum: 45/100 (weight 15%)
- Earnings Quality: 45/100 (weight 15%)
- Insider Sentiment: 20/100 (weight 10%)
- Analyst Consensus: 60/100 (weight 10%)
- Risk-Adjusted Return: 40/100 (weight 15%)
Impinj Inc opportunities and risks
What speaks for PI
- Long-term secular expansion in RAIN RFID adoption across retail and logistics
What speaks against PI
- Customer and inlay partner concentration risk driving extreme quarter-to-quarter revenue swings
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| PI | n/a | 14.1x | n/a | 52.7% | -7.3% | 1.2% |
| RMBS | 39.1x | 12.5x | 27.5x | 78.3% | 31.7% | 3.2% |
| SLAB | n/a | 8.6x | 3720.8x | 59.9% | -4.6% | -0.1% |
| ALGM | 395.4x | 6.3x | 58.7x | 47.2% | 1.5% | 1.5% |
| MXL | n/a | 10.6x | n/a | 57.4% | -18.2% | 0.1% |
| CRUS | 13.2x | 2.7x | 8.9x | 52.8% | 21.0% | 10.2% |
| Peer median | 13.2x | 8.6x | 27.5x | 57.4% | 1.5% | 1.5% |
Frequently asked questions about Impinj Inc (PI)
Is PI stock a good investment?
The TradeMates model rates Impinj Inc as WATCH (do not buy) with an investment score of 42/100. The TradeMates model assigns a WATCH rating to Impinj Inc (PI) with an Investment Score of 42/100. Demanding valuation multiples (14.06x P/S) and ongoing GAAP loss cycles leave the stock vulnerable to pullbacks if quarterly sequential guidance falters. This is algorithmic model output, not personal investment advice.
Is PI stock a buy?
The TradeMates model verdict for PI is WATCH (do not buy) with an investment score of 42/100. Treat this as a model signal to review, not a personal buy recommendation.