Pitney Bowes, Inc. (NYSE:PBI) shares, rose in value, with the stock price down by -2.13% to the previous day’s close as strong demand from buyers drove the stock to $4.13.
Actively observing the price movement in the last trading, the stock closed the session at $4.22. Referring to stock’s 52-week performance, its high was $4.58, and the low was $2.80. On the whole, PBI has fluctuated by -5.71% over the past month.
The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 4.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.25B, with a low estimate of 796.99M and a high estimate of 796.99M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 796.99M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PBI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PBI currently trading nearly 0.00% and 0.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.02, while the 7-day volatility ratio is showing 3.67% which for the 30-day chart, stands at 4.25%. Furthermore, Pitney Bowes, Inc. (PBI)’s beta value is 2.14, and its average true range (ATR) is 0.17.
A comparison of Pitney Bowes, Inc. (PBI) with its peers suggests the former has fared considerably weaker in the market. PBI showed an intraday change of -2.13% in last session, and over the past year, it grew by 21.11%%.
Data on historical trading for Pitney Bowes, Inc. (NYSE:PBI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 176.37 million shares outstanding.
Nearly 13.01% of Pitney Bowes, Inc.’s shares belong to company insiders and institutional investors own 61.44% of the company’s shares. The stock has fallen by -6.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PBI stock heading into the next quarter.
