Raspberry Pi (LON:RPI) Sets New 52-Week Low – Should You Sell?

Raspberry Pi Holdings (LON:RPI)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 318.40 and last traded at GBX 324.86, with a volume of 616737 shares traded. The stock had previously closed at GBX 335.20.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Raspberry Pi from GBX 420 to GBX 380 and set a “hold” rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 380.

Raspberry Pi Stock Performance

The business has a 50 day moving average price of GBX 381.47 and a 200-day moving average price of GBX 430.97. The company has a market capitalization of £607.81 million and a price-to-earnings ratio of 68.50.

Insider Activity

In other news, insider Eben Upton CBE bought 5,832 shares of Raspberry Pi stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of GBX 343 per share, for a total transaction of £20,003.76. 1.67% of the stock is owned by insiders.

About Raspberry Pi

Our mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of engineers and enthusiasts all over the world.

Since 2012, we’ve been designing single-board and modular computers, built on the Arm architecture, and running the Linux operating system. Whether you’re an educator looking to excite the next generation of computer scientists; an enthusiast searching for inspiration for your next project; or an OEM who needs a proven rock-solid foundation for your next generation of smart products, there’s a Raspberry Pi computer for you.

That’s not all we do.