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Purple Innovation ( (PRPL) ) has shared an update.
On September 8, 2025, Purple Innovation, Inc. announced that it had regained compliance with the Nasdaq’s Bid Price Rule after its stock maintained a minimum bid price of $1.00 per share for ten consecutive business days. This development follows a previous notification on April 4, 2025, when the company fell out of compliance, highlighting a positive shift in its market positioning and potential stability for stakeholders.
The most recent analyst rating on (PRPL) stock is a Hold with a $1.00 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 reflects significant financial challenges, including declining revenues and high leverage. While there are some positive technical indicators and improvements in profitability, the company’s valuation remains unattractive due to ongoing losses. The earnings call highlighted both achievements and challenges, contributing to a mixed outlook.
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 manufacturing and selling innovative comfort products, including mattresses and cushions.
Average Trading Volume: 780,134
Technical Sentiment Signal: Hold
Current Market Cap: $122.5M
See more insights into PRPL stock on TipRanks’ Stock Analysis page.