Pitney Bowes, Inc. (NYSE:PBI) price closed lower on current market day and dropping -0.42% below its previous close.
A look at the daily price movement shows that the last close reads $7.22, with intraday deals fluctuated between $7.01 and $7.34. The company’s 5Y monthly beta was ticking 1.986. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.70 and 52-week low of $2.80. The stock added 4.81% on its value in the past month.
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Pitney Bowes, Inc., which has a market valuation of $1.29 billion. The company stock has a Forward Dividend ratio of 0.20, while the dividend yield is 2.78%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give PBI 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.
The overview shows that PBI’s price is at present 10.32% off the SMA20 and 19.73% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.55, with weekly volatility standing at 6.78%. The indicator jumps to 6.03% when calculated based on the past 30 days. Pitney Bowes, Inc. (NYSE:PBI)’s beta value is holding at 1.97, while the average true range (ATR) indicator is currently reading 0.44.
An analysis of the Pitney Bowes, Inc. (NYSE:PBI) stock in terms of its daily trading volume indicates that the 3-month average is 2.23 million.
Current records show that the company has 176.37M in outstanding shares. The insiders’ percentage holdings are 10.65% of outstanding shares while the percentage share held by institutions stands at 58.41%. But the 63.41% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
