Pinterest, Inc. (NYSE:PINS) price hovering higher on Tuesday, Nov 17, jumping 0.24% above its previous close.
A look at the daily price movement shows that the previous day close read $62.62, with intraday deals fluctuating between $61.81 and $64.12.’ Taking into account the 52-week price action we note that the stock hit a 52-week high of $68.93 and 52-week low of $10.1. The stock added 42.12% on its value in the past month.
On average, analysts have forecast the company’s revenue for the quarter will hit $641.97 Million, with the likely lows of $625.6 Million and highs of $651Million. The average estimate suggests sales revenue for the quarter will likely rise by 60.5% when compared to those recorded in the quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.63 Billion for the company’s annual revenue in 2020. Per this outlook, the revenue is forecast to grow +42.6% above that which the company brought in 2019.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 2 upward and no downward reviews. On the technical perspective front, indicators give PINS a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 29 analysts have assigned PINS a recommendation rating as follows: 10 rate it as a Hold; 16 advise Buy while 2 analyst(s) assign an Outperform rating. 1 analyst(s) have tagged the Pinterest, Inc. (PINS) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s outlook we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that PINS’s price is at present 10.32% off the SMA20 and 33.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.49, with weekly volatility standing at 6.11%. The indicator jumps to 6.17% when calculated based on the past 30 days. Pinterest, Inc. (NYSE:PINS)’s beta value is holding at 0, while the average true range (ATR) indicator is presently reading 3.75. Considering analysts have assigned the stock a price target range of $42-$86 as the low and high respectively, we find the trailing 12-month average consensus price target to be $67.67. Based on this estimate, we see that current price is roughly -33.13% off the estimated low and 36.92% off the forecast high. Investors will no doubt be excited should the share price rise to $71, which is the median consensus price, and at which level PINS would be +13.04% from current price.
An analysis of the Pinterest, Inc. (NYSE:PINS) stock in terms of its daily trading volume indicates that the 3-month average is 18.85 Million. However, this figure declines on the past 10-day timeline to an average of 15.84 Million.
As of now, records show that the company has 462.68 Million in outstanding shares. According to data from Thomson, insiders’ percentage holdings are 0.59% of outstanding shares while the percentage share held by institutions stands at 67.02%. The stats also highlight that short interest as of October 29, 2020, stood at 12.84 Million shares, which puts the short ratio at the time at 0.54. From this we can glean that short interest is 2.08% of company’s current outstanding shares. Notably, we see that shares short in October fell slightly given the previous month’s figure stood at 20.45 Million. But the +235.94% upside the stock’s price has registered year-to-date as of today’s value will likely reignite investor interest given the prospect of it rallying even higher.