Pinterest Inc (NYSE:PINS) traded at $34.15 at last check on Monday, April 08, made a downward move of -0.39% on its previous day’s price.
Looking at the stock we see that its previous close was $34.28 and the beta (5Y monthly) reads 1.00. In terms of its 52-week price range, PINS has a high of $41.60 and a low of $20.60. The company’s stock has lost about -3.86% over that past 30 days.
Pinterest Inc has a market cap of $23.19 billion and is expected to release its quarterly earnings report on Apr 25, 2024 – Apr 29, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.13, with the EPS growth for the year raised at $1.35 for 2024 and $1.69 for next year. These figures represent 23.90% and 25.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $699.96 million, with a low of $694.5 million and a high of $707 million. The median projection represents growth squeezing down to 16.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $3.58 billion, or 17.30% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PINS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is -1.32% off its SMA20 and -5.29% from its 50-day simple moving average. The RSI (14) is pointing at 42.51 while the volatility over the past week is 2.78% and jumps to 2.87% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 1.03.
Coming back to Pinterest Inc (NYSE:PINS), we note that the average 3-month trading volume was 10.21 million, while that of the preceding 10-day period stands at 7.86 million. Current shares outstanding are 591.66 million.
The insiders hold 13.76% of the company’s shares while institutions hold 77.56%. The data shows that short shares as of Mar 15, 2024, stood at 24.5 million at a short ratio of 2.82. This represents a 3.61% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 28.96 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -7.81% down in year-to-date price movement.
