Pitney Bowes, Inc. (NYSE:PBI) concluded the trading at $5.25 on Thursday, May 02, with a rise of 24.70% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $4.21 and 5Y monthly beta was reading 2.17. Considering stock’s 52-week price range provides that PBI hit a high price of $4.58 and saw its price falling to a low level of $2.80 during that period. Over a period of past 1-month, stock came adding 23.53% in its value.
With its current market valuation of $932.77 million, Pitney Bowes, Inc. is set to declare its quarterly results on May 02, 2024. PBI Stock’s Forward Dividend of 0.20 and its yield of 3.81% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter.
In contrast, when we review PBI stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.
Digging deeper we become aware of the PEG ratio of the PBI stock which is currently positioned at 0. It further provides that stock’s current price level is 27.57% away from its 20-day simple moving average and is 27.76% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 77.22 while volatility remained at 7.33% over the past week which changes to 5.22% when measuring it over the past month. Beta is valued at 1.98, while measure of average true range or ATR is currently at 0.24.
Having a second look at Pitney Bowes, Inc. (NYSE:PBI) provides that stock’s average daily trading volume for 3 months was 1.33 million. Number of outstanding shares of the stock stood at 176.37 million.
The percentage of outstanding shares held by the insiders is 13.01% while it is 61.14% for the institutional holders. Addition of 19.32% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
