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

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on Raspberry Pi from GBX 420 to GBX 380 and set a “hold” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 380.

Raspberry Pi Price Performance

The company has a market cap of £630.62 million and a P/E ratio of 71.07. The stock has a 50-day moving average of GBX 385.84 and a 200 day moving average of GBX 432.98.

Insider Buying and Selling

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