Purple Innovation Intrinsic Value Calculator – Purple Innovation Finds Themselves in Unfavorable Position
December 13, 2023
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Purple Innovation ($NASDAQ:PRPL) finds themselves in an unfavorable position, as they are currently facing an array of issues that have put them in a difficult spot. Purple Innovation is a company that manufactures and sells a range of comfort products, such as mattresses, cushions and other sleep-related products. Since then, the company has faced many difficulties, such as the inability to meet sales targets and their high cost of capital structure. Furthermore, the company has also been battling with the ongoing pandemic and its economic fallout, which has had a further negative impact on their results.
Overall, Purple Innovation finds themselves in a difficult situation, with their stock price and financial results reflecting this. As they look for ways to turn their fortunes around, investors will be watching closely to see how the company responds to these challenges.
Price History
On Tuesday, Purple Innovation experienced a considerable drop in stock value. Opening trading at $1.1, the company’s stock value closed the day at $1.0, a decrease of 5.4% from the prior closing price of 1.1. This unfavorable performance in the market has come as a surprise to many, as the company had experienced a significant surge in stock value over the past few months. With its stock price now lower than it was earlier this year, Purple Innovation will have to work hard to regain investor confidence and ensure that its recent momentum is not lost. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Purple Innovation. More…
| Total Revenues | Net Income | Net Margin |
| 511.4 | -171.3 | -31.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Purple Innovation. More…
| Operations | Investing | Financing |
| -54.11 | -14.27 | 35.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Purple Innovation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 397.97 | 264.96 | 1.26 |
Key Ratios Snapshot
Some of the financial key ratios for Purple Innovation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.1% | 23.3% | 9.9% |
| FCF Margin | ROE | ROA |
| -13.2% | 20.4% | 7.9% |
Analysis – Purple Innovation Intrinsic Value Calculator
At GoodWhale, we have conducted a thorough analysis of PURPLE INNOVATION‘s wellbeing and come to the conclusion that the fair value of their stock is around $6.1. This value is based on our proprietary Valuation Line, which uses a range of financial metrics to accurately assess the worth of their stock. Currently, the stock is trading at only $1.0, which puts it at a significant 83.7% undervaluation. This is a great buying opportunity for investors looking for returns in the near future. More…
Peers
In recent years, the market for online retail has seen unprecedented growth. This has led to increased competition among companies in the industry. One such company is Purple Innovation Inc, which has seen its share of the market grow significantly in recent years. However, it faces stiff competition from the likes of 888 Holdings PLC, JLA Infraville Shoppers Ltd, and Lvji Technology Holdings Inc.
– 888 Holdings PLC ($LSE:888)
848 Holdings PLC is a gaming company that owns and operates online gaming websites. The company has a market cap of 407.95M as of 2022 and a Return on Equity of 9.83%. 848 Holdings PLC operates in the following segments: Online Gaming, Sports Betting, and Other. The Online Gaming segment offers casino games, poker, and bingo. The Sports Betting segment offers sports betting, horse racing, and greyhound racing. The Other segment includes media, gaming machines, and other businesses.
– JLA Infraville Shoppers Ltd ($BSE:538765)
JLA Infraville Shoppers Ltd is a company that operates in the retail sector. It has a market cap of 21.16M as of 2022 and a Return on Equity of 0.77%. The company was founded in 2006 and is headquartered in Mumbai, India. JLA Infraville Shoppers Ltd operates a chain of retail stores in India. It offers a range of products including groceries, apparel, electronics, and home furnishings. The company has a network of over 1,000 stores across India.
– Lvji Technology Holdings Inc ($SEHK:01745)
Lujji Technology Holdings Inc is a holding company that operates in the technology sector. It has a market capitalization of 636.69 million as of 2022 and a return on equity of -52.71%. The company’s primary businesses are in the areas of semiconductor design, software development, and information technology services. Lujji Technology Holdings Inc is headquartered in Santa Clara, California.
Summary
Purple Innovation is a publicly traded company that produces and sells innovative sleep technology products. At present, the company’s stock price has moved down significantly since the release of their latest earnings report. Despite this, many analysts still believe that the company has strong potential for future growth. Investors should consider the company’s current strategy and evaluate their financial statements to determine if any changes should be made in order to increase profits.
Additionally, analysts suggest that investors should pay close attention to any new products or partnerships that Purple Innovation may develop in order to capitalize on current market trends. Overall, the company’s stock may be a good short-term investment opportunity, but potential investors should make sure to thoroughly research the company before making their decision.
