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PRPL
Stock ticker: NASDAQ
AS OF
Apr 3, 03:35 PM (EDT)
Price
$0.71
Change
-$0.06 (-7.79%)
Capitalization
186.19M

PRPL Purple Innovation Forecast, Technical & Fundamental Analysis

Purple Innovation Inc is a comfort innovation company... Show more

Industry: #Miscellaneous
PRPL
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for PRPL with price predictions
Apr 02, 2025

PRPL in +7.52% Uptrend, advancing for three consecutive days on March 21, 2025

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PRPL advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PRPL's RSI Oscillator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Moving Average Convergence Divergence (MACD) for PRPL just turned positive on March 14, 2025. Looking at past instances where PRPL's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 28, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PRPL as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for PRPL crossed bearishly below the 50-day moving average on February 26, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PRPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PRPL entered a downward trend on March 24, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. PRPL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.706) is normal, around the industry mean (7.048). P/E Ratio (1.439) is within average values for comparable stocks, (29.603). PRPL's Projected Growth (PEG Ratio) (3.696) is very high in comparison to the industry average of (1.278). PRPL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (0.375) is also within normal values, averaging (1.000).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PRPL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.

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PRPL
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

PRPL is expected to report earnings to rise 86.14% to -13 cents per share on May 13

Purple Innovation PRPL Stock Earnings Reports
Q1'25
Est.
$-0.13
Q4'24
Beat
by $0.01
The last earnings report on March 13 showed earnings per share of -7 cents, beating the estimate of -7 cents. With 128.00K shares outstanding, the current market capitalization sits at 186.19M.
A.I. Advisor
published General Information

General Information

a developer of cushions, mattress, pillows and other sleep products

Industry HomeFurnishings

Profile
Fundamentals
Details
Industry
Miscellaneous
Address
4100 North Chapel Ridge Road
Phone
+1 801 756-2600
Employees
1700
Web
https://www.purple.com
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PRPL and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, PRPL has been loosely correlated with MBC. These tickers have moved in lockstep 39% of the time. This A.I.-generated data suggests there is some statistical probability that if PRPL jumps, then MBC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PRPL
1D Price
Change %
PRPL100%
+2.74%
MBC - PRPL
39%
Loosely correlated
+3.69%
PATK - PRPL
38%
Loosely correlated
+3.57%
SNBR - PRPL
36%
Loosely correlated
+0.29%
AMWD - PRPL
35%
Loosely correlated
+3.76%
MHK - PRPL
35%
Loosely correlated
+1.86%
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