Are These Moves By WD-40 Company (WDFC) And Impinj, Inc. (PI) Justified?

The stocks of WD-40 Company (NASDAQ:WDFC) has been Reiterated as a Neutral by B. Riley FBR, Inc. in its latest research note that was published on April 06. WDFC was given a price target of $135 by B. Riley FBR, Inc., with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Neutral rating from FBR & Co. with the price target of $115 to $122. This was contained in a research note published by the firm on October 20. The stock received a Neutral rating and a price target of $106 to $120 in B. Riley & Co.’s research note that was published on October 24.

WD-40’s stock is covered by 2 analysts, with 1 of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, 1 of them have rated it as a Hold while none of them rated it as sell. Meanwhile, none analyst(s) rated it as a sell. The above data shows that WDFC has an average analyst rating of Overweight.

WD-40 Company, which has current market capitalization of above $3 Billion, published its last quarter earnings on August 31, 2019. The company was able to amass $107 Million in revenue, which saw a quarterly growth rate of 4 percent. During that quarter of the year, WD-40 also recorded $0.63 earnings per share (EPS) which is $0.01 above the $0.62 estimated by the analysts, leading to a surprise factor of 1.61%.

WDFC surged by $0.23 during the normal trading session on Monday and reaching a high of $193.34 during the day while it closed the day at $192.08. The WD-40 stock had a low trading volume of 0.08 million shares on that day, which is low compared to the average daily volume of 93.69M shares. WDFC has also gained 1.53% of its value over the past 7 days. However, the stock has surged by 4.64% in the 3 months of the year. Over the past six months meanwhile, it has gained 18.99% while it has added 4.81% year-on date.

Shares in Impinj, Inc. (NASDAQ:PI) fell by -0.13 percent on Monday. The company’s stock began trading at $31.52 below the previous closing price of $31.56, and finished the day at $30.51. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -19.69% from its 3 months high price. However, taking another look at PI will indicate that it is trading +4.56% away from its 90-day low. Looking at the bigger picture, the Impinj, Inc. stock has dropped by -24.18% from its 52-week high while it has surged by +130.26% from its 52-week low price.

On November 13, 2019 DOSSETT JEFFREY, EVP, Sales & Marketing sold 250 shares of the company. The average price for that transaction was $36.25 per share, which meant that DOSSETT JEFFREY earned $9,062.50 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, ALBERG TOM A selling 12,500 shares of this stock on November 12, 2019. The average selling price for the stock was $36.00 per share, with the sold stock accruing $450,000.00. Following this transaction, the insider now holds 74,769 shares of the company, which is worth around $14,438,642.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that PI stock was rated as a Sell by TrendSpotter. Its short-term indicators reveal that Impinj, has a 20-day average volume of 321475 shares. This has led to the PI price forecast being placed as a Hold on an average basis. In the medium term, however, the PI stock has its 50-Day average volume of 252082 shares, with the indicators also rating it as a Hold. Finally, in the long-term, the PI stocks have a 100-Day average volume of 299243 shares, with the long-term indicators rating the stock as just ge: Hold.

Impinj, has around 17 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $21 Million. The Impinj, stock is bringing in revenue of over 12 months, which is roughly 147 Million. Despite all that, Impinj, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 17.49%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 15.1%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 3.73%. Over the past 20 days, Impinj,’s Stochastic %K stood at 10.9% while its Stochastic %D was revealed to be 13.54%.