Pitney Bowes, Inc (NYSE:PBI) traded at $10.38 at last check on current trade day and made a downward move of -2.03% on its previous day’s price.
Looking at the stock we see that its previous close was $10.59 and the beta (5Y monthly) reads 2.007 with the day’s price range being $10.3009 – $10.68. The company has a trailing 12-month PE ratio of 144.50. In terms of its 52-week price range, PBI has a high of $10.81 and a low of $3.73. The company’s stock has gained about 42.12% over that past 30 days.
Pitney Bowes, Inc has a market cap of $1.89 billion and is expected to release its quarterly earnings report in March. With its Forward Dividend at 0.20 and a yield of 1.93%, the company’s investors could be anxious for the PBI stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 498.99M, with a low of 498.99M and a high of 498.99M. The median projection represents growth adding up to -39.92% 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 1.99B, or -2.04% down 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 16.22% off its SMA20 and 29.08% from its 50-day simple moving average. The RSI (14) is pointing at 74.39 while the volatility over the past week is 7.75% and jumps to 5.22% over the past one month. The beta value is 2.05, while the average true range (ATR) is currently pointing at 0.47.
Coming back to Pitney Bowes, Inc (NYSE:PBI), we note that the average 3-month trading volume was 2.18 million, while that of the preceding 10-day period stands at 3.47 million. Current shares outstanding are 181.70 million.
The insiders hold 1.54% of the company’s shares while institutions hold 70.45%. The data shows that short shares as of 2025-01-31, stood at 11.28 million at a short ratio of 5.49. This represents a 825.00 short interest in shares outstanding on 2025-01-31. Shares short fall in January from the previous month at 14.17 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 43.30% up in year-to-date price movement.
