The trading price of Pitney Bowes, Inc. (NYSE:PBI) closed higher on current market day and closing at $7.38, 2.93% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $7.18 and $7.515. In examining the 52-week price action we see that the stock hit a 52-week high of $7.70 and a 52-week low of $2.80. Over the past month, the stock has gained 10.81% in value.
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Pitney Bowes, Inc., whose market valuation is $1.32 billion at the time of this writing, is expected to release its quarterly earnings report in September. The dividend yield on the company stock is 2.71%, while its Forward Dividend ratio is 0.20. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.08 per share this quarter, however they have predicted annual earnings per share of 0.23 for current year and 0.97 for next year.
Analysts have forecast the company to bring in revenue of 787.27M for the current quarter, with the likely lows of 787.27M and highs of 787.27M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.27B.
On the technical side, indicators suggest PBI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that PBI’s price is currently 10.85% off the SMA20 and 18.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.76, and weekly volatility stands at 3.87%. When measured over the past 30 days, the indicator reaches 6.34%. Pitney Bowes, Inc. (NYSE:PBI)’s beta value is currently sitting at 1.97, while the Average True Range indicator is currently displaying 0.39.
To see how Pitney Bowes, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: PBI stock’s performance was 2.93% in the latest trading, and 108.47% in the past year.
An evaluation of the daily trading volume of Pitney Bowes, Inc. (NYSE:PBI) indicates that the 3-month average is 2.26 million. However, this figure has increased over the past 10 days to an average of 2.46.
Currently, records show that 176.37 million of the company’s shares remain outstanding. The insiders hold 10.65% of outstanding shares, whereasinstitutions hold 57.86%. The stats also highlight that short interest as of 2024-07-31, stood at 10.21 million shares, resulting in a short ratio of 4.12 at that time. From this, we can conclude that short interest is 759.00 of the company’s total outstanding shares. It is noteworthy that short shares in July were down slightly from the previous month’s figure, which was 11.76 million. However, since the stock’s price has seen 67.73% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
