What Makes Impinj (PI) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Impinj (PI) - Impinj currently holds a Momentum Style Score of B, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, Impinj shares have increased by 17.08%, significantly outperforming the Zacks Electronics - Semiconductors industry, which rose by 2.52% [6] - In a longer timeframe, Impinj's shares have appreciated by 35.99% over the past month, compared to the industry's 7.32% [6] - Over the last quarter, Impinj shares surged by 51.22%, and over the past year, they gained 26.18%, while the S&P 500 only moved 8.51% and 19.49%, respectively [7] Trading Volume - The average 20-day trading volume for Impinj is 515,783 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, one earnings estimate for Impinj has increased, raising the consensus estimate from $1.94 to $1.98 for the full year, with no downward revisions [10] - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Impinj is recommended as a solid momentum pick for investors [11]