Raspberry Pi (LON:RPI) Sets New 52-Week High – Here’s What Happened

Raspberry Pi Holdings (LON:RPIGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 924.50 and last traded at GBX 880, with a volume of 937071 shares trading hands. The stock had previously closed at GBX 896.50.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Raspberry Pi from GBX 300 to GBX 550 and gave the company a “hold” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Raspberry Pi has an average rating of “Hold” and a consensus price target of GBX 550.

Check Out Our Latest Research Report on Raspberry Pi

Raspberry Pi Trading Down 1.8%

The firm has a 50-day moving average of GBX 586.09 and a 200 day moving average of GBX 408.97. The stock has a market capitalization of £1.70 billion, a price-to-earnings ratio of 191.72 and a beta of 0.84.

Insider Activity at Raspberry Pi

In related news, insider Daniel Labbad sold 9,527 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 630, for a total transaction of £60,020.10. Also, insider Richard David Boult sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 701, for a total value of £1,051,500. Insiders own 1.73% of the company’s stock.

About Raspberry Pi

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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.

Further Reading

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