Impinj's stock price fell to $144.76 over the past six months, resulting in a 15.7% loss for shareholders while the S&P 500 gained 8.2%. Wall Street analysts project revenue growth of just 9.3% over the next 12 months, close to its 21.5% annualized growth over the past five years, signaling that newer products are not yet accelerating top-line performance. The company has posted an average operating margin of negative 1.6% over the last two years, and its five-year average return on invested capital was negative 17.3%, among the worst in the semiconductor sector. Following the decline, the stock trades at 68.9 times forward price-to-earnings, suggesting significant optimism is already priced in.
Impinj IncStock fell 15.7% over six months amid slim revenue growth, operating losses, and high valuation.