Pinterest Inc (NYSE:PINS) shares, rose in value, with the stock price down by -0.51% to the previous day’s close as strong demand from buyers drove the stock to $32.85.
Actively observing the price movement in the last trading, the stock closed the session at $33.02. Referring to stock’s 52-week performance, its high was $41.60, and the low was $20.60. On the whole, PINS has fluctuated by -6.06% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PINS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PINS currently trading nearly -3.18% and -5.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.00, while the 7-day volatility ratio is showing 2.24% which for the 30-day chart, stands at 2.71%. Furthermore, Pinterest Inc (PINS)’s beta value is 1.00, and its average true range (ATR) is 0.92.
A comparison of Pinterest Inc (PINS) with its peers suggests the former has fared considerably weaker in the market. PINS showed an intraday change of -0.51% in last session, and over the past year, it grew by 18.89%%.
Data on historical trading for Pinterest Inc (NYSE:PINS) indicates that the trading volumes over the past 3 months, they’ve averaged 9.93 million. According to company’s latest data on outstanding shares, there are 591.66 million shares outstanding.
Nearly 13.76% of Pinterest Inc’s shares belong to company insiders and institutional investors own 78.38% of the company’s shares. The stock has fallen by -11.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PINS stock heading into the next quarter.
