Pitney Bowes, Inc. (NYSE:PBI) traded at $7.07 at close of the session on current trade day and made an upward move of 0.43% on its previous day’s price.
Looking at the stock we see that its previous close was $7.04 and the beta (5Y monthly) reads 1.964 with the day’s price range being $6.955 – $7.1579. In terms of its 52-week price range, PBI has a high of $7.70 and a low of $2.80. The company’s stock has gained about 11.51% over that past 30 days.
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Pitney Bowes, Inc. has a market cap of $1.27 billion and is expected to release its quarterly earnings report in October. With its Forward Dividend at 0.20 and a yield of 2.83%, the company’s investors could be anxious for the PBI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.14, with the EPS growth for the year raised at 0.36 for current year and 0.36 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 467.8M, with a low of 467.8M and a high of 467.8M. The median projection represents growth adding up to -40.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.27B, or 0.20% up from figures reported last year.
On the other hand, looking at the outlook for the PBI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 3.79% off its SMA20 and 9.93% from its 50-day simple moving average. The RSI (14) is pointing at 55.60 while the volatility over the past week is 2.83% and jumps to 5.62% over the past one month. The beta value is 1.97, while the average true range (ATR) is currently pointing at 0.33.
Coming back to Pitney Bowes, Inc. (NYSE:PBI), we note that the average 3-month trading volume was 2.23 million, while that of the preceding 10-day period stands at 1.41 million. Current shares outstanding are 176.37 million.
The insiders hold 10.68% of the company’s shares while institutions hold 57.88%. The data shows that short shares as of 2024-08-15, stood at 10.72 million at a short ratio of 3.87. This represents a 797.00 short interest in shares outstanding on 2024-08-15. Shares short fall in August from the previous month at 11.73 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 60.68% up in year-to-date price movement.
