Is NASDAQ:PI suited for growth investing?

In this article we will dive into IMPINJ INC (NASDAQ:PI) as a possible candidate for growth investing. Investors should always do their own research, but we noticed IMPINJ INC showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

Exploring Why NASDAQ:PI Holds Promise for Growth Investors.

• IMPINJ INC showcases a robust Return on Equity (ROE) of 49.8%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• IMPINJ INC has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• With impressive 1-year revenue growth of 34.61%, IMPINJ INC showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• The quarter-to-quarter (Q2Q) revenue growth of 46.45% of IMPINJ INC has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• IMPINJ INC has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• With positive growth in its free cash flow (FCF) over the past year, IMPINJ INC showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• IMPINJ INC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 14.0K% increase. This indicates improving financial performance and the company's effective management of its operations.
• Over the past 3 months, analysts have adjusted their EPS Estimate for IMPINJ INC with a 39.11% change. This highlights the evolving outlook on the company's EPS potential.
• The recent financial report of IMPINJ INC demonstrates a 14.0K% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• IMPINJ INC shows accelerating EPS growth: when comparing the current Q2Q growth of 14.0K% to the previous year Q2Q growth of -98.82%, we see the growth rate improving.

Zooming in on the fundamentals.

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

Overall PI gets a fundamental rating of 5 out of 10. We evaluated PI against 109 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of PI get a neutral evaluation. Nothing too spectacular is happening here. PI is not overvalued while it is showing excellent growth. This is an interesting combination.

Check the latest full fundamental report of PI for a complete fundamental analysis.

More growth stocks can be found in our Lois Navellier screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.