Pitney Bowes Inc. (NYSE:PBI) currently has a daily average trading volume of 1.48M but it saw 1104255 shares traded on Wednesday. With a market cap of 579.53M USD, stock’s current market price of $3.29 came falling about -1.79 while comparing to the previous closing price of $3.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.96 and as low as $2.30. In the recent trading on the day, stock has struck highest price mark of $3.33 while lowest mark touched by it was $3.225.
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Taking a look at 20-day trading activity of Pitney Bowes Inc. (PBI) gives us an average price of $3.20, while its current price level is -33.67% below from 52-week high level whereas it is 43.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.51 while that of 200 days or SMA-200 reads an average of $3.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.87% during that period while stretching the period over a month that increases to 5.95%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.48 which implies that the stock is in neutral territory.
Pitney Bowes Inc. (PBI)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $3.00 and $5.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $5.00. Average price target assigned by them is $4.00 which highlights an upside potential of 17.75% for the stock over that period. And to attain the median price target of $4.00 assigned by those analysts, stock has to add about 17.75% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, PBI’s stock price is moving 2.49% up while it is -7.58% when we observe its performance for the past one month. Year-to-date it is -13.42% down and over the past year, the stock is showing a downside performance of -28.79%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.01 beaten by the consensus estimate of $0 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.13. For PBI, analysts are forecasting an EPS-growth rate of -13.30% for current year and estimate for EPS growth in next year is 46.20%. In next quarter, company is expected to be making quarterly sales of $820.89 million as analysts are expecting the sales for current fiscal year at $3.4 billion and seeing the company making $3.5 billion in sales next year. Moreover, analysts are in estimates of $812.23 million for current-quarter revenue.
Currently, Pitney Bowes Inc.’s total number of outstanding shares is 174.63M with 3.56% of that held by the insiders while 73.20% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.90% and return on equity (ROE) at 21.40%. It has a price to earnings ratio (P/E ratio) of 73.11 while having a 17.32 of forward P/E ratio. Stock’s beta reads 2.19. Stock has a price to book (P/B) ratio of 9.68 while price to sale or P/S ratio amounts to 0.17. Its return on asset (ROA) is 0.20% on average.
In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 4.08 million or 2.33% of the company’s stake having worth of about 14.34 million.
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