TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Purple Innovation ( (PRPL) ) has provided an update.
On November 5, 2025, Purple Innovation, Inc. received a notice from Nasdaq indicating noncompliance with the minimum bid price requirement, as its stock price remained below $1.00 for 30 consecutive business days. The company has until May 4, 2026, to meet the requirement or risk delisting, with options to transfer to The Nasdaq Capital Market for an additional compliance period if necessary. Purple Innovation plans to monitor its stock price and explore options to regain compliance, but there is no assurance of success.
The most recent analyst rating on (PRPL) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Purple Innovation stock, see the PRPL Stock Forecast page.
Spark’s Take on PRPL Stock
According to Spark, TipRanks’ AI Analyst, PRPL is a Neutral.
Purple Innovation’s overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis indicates a bearish trend, further weighing down the score. While the earnings call provided some positive insights, the company’s current financial struggles and market challenges are significant concerns.
To see Spark’s full report on PRPL stock, click here.
More about Purple Innovation
Purple Innovation, Inc. operates in the consumer goods industry, primarily focusing on the design and manufacturing of comfort technology products, including mattresses, pillows, and cushions. The company is known for its innovative approach to sleep products and aims to capture a significant share of the market by offering high-quality and technologically advanced solutions.
Average Trading Volume: 561,129
Technical Sentiment Signal: Strong Sell
Current Market Cap: $87.51M
Learn more about PRPL stock on TipRanks’ Stock Analysis page.