Pitney Bowes, Inc. (NYSE:PBI) price on current trading day, remained unchanged to $7.27.
A look at the stock’s price movement, the close in the last trading session was $7.27, moving within a range at $7.13 and $7.43. The beta value (5-Year monthly) was 1.986. Turning to its 52-week performance, $7.70 and $2.80 were the 52-week high and 52-week low respectively. Overall, PBI moved 7.70% over the past month.
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Pitney Bowes, Inc.’s market cap currently stands at around $1.31 billion, with investors looking forward to this quarter’s earnings report slated for in September. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 2.75%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 787.27M for the company’s revenue for the quarter, with a low and high estimate of 787.27M and 787.27M respectively. The average forecast suggests up to a 0.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.27B, representing a 0.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PBI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PBI’s current price about 10.18% and 18.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.00, while 7-day volatility ratio is 4.06% and 6.27% in the 30-day chart. Further, Pitney Bowes, Inc. (PBI) has a beta value of 1.97, and an average true range (ATR) of 0.41.
If we refocus on Pitney Bowes, Inc. (NYSE:PBI), historical trading data shows that trading volumes averaged 3.4 over the past 10 days and 2.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 176.37 million shares.
The 10.72% of Pitney Bowes, Inc.’s shares are in the hands of company insiders while institutional holders own 58.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.21 million on 2024-07-31, giving us a short ratio of 4.12. The data shows that as of 2024-07-31 short interest in Pitney Bowes, Inc. (PBI) stood at 759.0 of shares outstanding, with shares short falling to 11.76 million registered in 2024-06-28. Current price change has pushed the stock 65.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PBI stock continues to rise going into the next quarter.
