Purple Innovation, Inc. (NASDAQ:PRPL – Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 4,468 call options on the stock. This is an increase of approximately 6,283% compared to the average daily volume of 70 call options.
Purple Innovation Price Performance
PRPL stock opened at $0.90 on Friday. The company has a fifty day moving average price of $0.95 and a 200-day moving average price of $0.95. The company has a market capitalization of $96.93 million, a P/E ratio of -0.90 and a beta of 2.37. Purple Innovation has a 52-week low of $0.65 and a 52-week high of $2.12. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 1.30.
Purple Innovation (NASDAQ:PRPL – Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.07. The firm had revenue of $128.98 million during the quarter, compared to the consensus estimate of $129.39 million. Purple Innovation had a negative net margin of 21.34% and a negative return on equity of 84.67%. As a group, equities analysts expect that Purple Innovation will post -0.47 EPS for the current year.
Hedge Funds Weigh In On Purple Innovation
About Purple Innovation
Purple Innovation, Inc designs and manufactures sleep and other products in the United States and internationally. The company offers mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases, mattress protectors, foundations, blankets, duvets, duvet covers, seat cushions, and pet beds under the Purple brand.
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