Think Impinj (PI) Stock Is Expensive? This Chart Might Change Your Mind.

Many investors don't give Impinj (NASDAQ: PI) a second look nowadays. It's easy to gloss over this technology stock when you see a trailing price-to-earnings ratio (P/E) of 695 and a price-to-sales ratio (P/S) just below 15. The company's RFID tagging technology may be crucial to inventory management and shipping services in this digital era, but that's still a downright offensive valuation.Yet analysts agree that Impinj's stock is a solid buy, and their average price target is roughly in line with current share prices. How is that possible, when Impinj's valuation could result in nosebleeds and acrophobia?This chart can clarify the situation, and maybe even change your mind about Impinj's lofty stock price:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool