PRPL Stock Summary and Trading Ideas (Purple Innovation | NASDAQ:PRPL)

Purple Innovation Inc designs and manufactures sleep products. Using its GelFlex Grid technology, the company designs, manufactures, and offers branded comfort sleep products, including mattresses, pillows, cushions, mattress protectors, bases, sheets, and others. It markets and sells these products through direct-to-consumer e-commerce channels, retail brick-and-mortar wholesale partners, Purple showrooms, and third-party online retailers.

Purple Innovation trades on the NASDAQ stock market under the symbol PRPL.

As of April 15, 2026, PRPL stock price declined to $0.60 with 218,957 million shares trading.

PRPL has a beta of 1.10, meaning it tends to be more sensitive to market movements. PRPL has a correlation of 0.06 to the broad based SPY ETF.

PRPL has a market cap of $65.04 million. This is considered a Micro Cap stock.

Last quarter Purple Innovation reported $141 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.03.

In the last 3 years, PRPL traded as high as $3.78 and as low as $.55.

The top ETF exchange traded funds that PRPL belongs to (by Net Assets): VTI, VXF, SCHA.

PRPL has underperformed the market in the last year with a price return of -6.7% while the SPY ETF gained +31.2%. PRPL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.8% and -9.1%, respectively, while the SPY returned +1.6% and +7.6%, respectively.

PRPL support price is $.59 and resistance is $.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRPL shares will trade within this expected range on the day.