Purple Innovation Stock Beta
| PRPL Stock | USD 1.60 0.04 2.56% |
Purple Innovation fundamentals help investors to digest information that contributes to Purple Innovation's financial success or failures. It also enables traders to predict the movement of Purple Stock. The fundamental analysis module provides a way to measure Purple Innovation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Purple Innovation stock.
Purple | Beta |
Purple Innovation Company Beta Analysis
Purple Innovation's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Purple Innovation Beta | 1.95 |
Most of Purple Innovation's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Purple Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Purple Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Purple Innovation is extremely important. It helps to project a fair market value of Purple Stock properly, considering its historical fundamentals such as Beta. Since Purple Innovation's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Purple Innovation's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Purple Innovation's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Purple Innovation has a Beta of 1.946. This is 131.67% higher than that of the Household Durables sector and significantly higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Purple Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Purple Innovation's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Purple Innovation could also be used in its relative valuation, which is a method of valuing Purple Innovation by comparing valuation metrics of similar companies.Purple Innovation is currently under evaluation in beta category among related companies.
Purple Innovation Institutional Holders
Institutional Holdings refers to the ownership stake in Purple Innovation that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Purple Innovation's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Purple Innovation's value.| Shares | Dynamic Advisor Solutions Llc | 2023-12-31 | 685.5 K | Fund 1 Investments Llc | 2023-12-31 | 624.6 K | Goldman Sachs Group Inc | 2023-12-31 | 441.6 K | Northern Trust Corp | 2023-12-31 | 423 K | Charles Schwab Investment Management Inc | 2023-12-31 | 400.9 K | Millennium Management Llc | 2023-12-31 | 372.7 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 346.9 K | Innovis Asset Management Llc | 2023-09-30 | 336.5 K | Bridgeway Capital Management, Llc | 2023-12-31 | 320 K | Coliseum Capital Management Llc | 2023-12-31 | 46.9 M | Fmr Inc | 2023-12-31 | 7 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Purple Innovation will likely underperform.
Purple Fundamentals
| Return On Equity | -0.83 | ||||
| Return On Asset | -0.16 | ||||
| Profit Margin | (0.24) % | ||||
| Operating Margin | (0.14) % | ||||
| Current Valuation | 294.31 M | ||||
| Shares Outstanding | 107.48 M | ||||
| Shares Owned By Insiders | 3.83 % | ||||
| Shares Owned By Institutions | 76.88 % | ||||
| Number Of Shares Shorted | 4.25 M | ||||
| Price To Earning | 63.13 X | ||||
| Price To Book | 1.56 X | ||||
| Price To Sales | 0.35 X | ||||
| Revenue | 510.54 M | ||||
| Gross Profit | 210.58 M | ||||
| EBITDA | (81.73 M) | ||||
| Net Income | (120.76 M) | ||||
| Cash And Equivalents | 41.17 M | ||||
| Cash Per Share | 0.50 X | ||||
| Total Debt | 152.97 M | ||||
| Debt To Equity | 0.70 % | ||||
| Current Ratio | 1.91 X | ||||
| Book Value Per Share | 1.09 X | ||||
| Cash Flow From Operations | (60.8 M) | ||||
| Short Ratio | 5.88 X | ||||
| Earnings Per Share | (1.17) X | ||||
| Price To Earnings To Growth | 2.00 X | ||||
| Target Price | 3.46 | ||||
| Number Of Employees | 1.7 K | ||||
| Beta | 1.95 | ||||
| Market Capitalization | 167.67 M | ||||
| Total Asset | 390.62 M | ||||
| Retained Earnings | (475.97 M) | ||||
| Working Capital | 30.83 M | ||||
| Net Asset | 390.62 M |
About Purple Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Purple Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Purple Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Purple Innovation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Check out Purple Innovation Piotroski F Score and Purple Innovation Altman Z Score analysis. For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Purple Stock analysis
When running Purple Innovation's price analysis, check to measure Purple Innovation's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Purple Innovation is operating at the current time. Most of Purple Innovation's value examination focuses on studying past and present price action to predict the probability of Purple Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purple Innovation's price. Additionally, you may evaluate how the addition of Purple Innovation to your portfolios can decrease your overall portfolio volatility.
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Is Purple Innovation's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Purple Innovation. If investors know Purple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Purple Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Earnings Share (1.17) | Revenue Per Share 4.928 | Quarterly Revenue Growth 0.011 | Return On Assets (0.16) |
The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Purple Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Purple Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purple Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.