Pinterest Inc (NYSE:PINS) price on Wednesday, May 09, rose 1.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $42.64.
A look at the stock’s price movement, the close in the last trading session was $41.90. The PE ratio in trailing twelve months stood at 202.18. Turning to its 52-week performance, $42.09 and $20.88 were the 52-week high and 52-week low respectively. Overall, PINS moved 23.02% over the past month.
Pinterest Inc’s market cap currently stands at around $28.95 billion.
Analysts have a consensus estimate of 847.18M for the company’s revenue for the quarter, with a low and high estimate of 839.86M and 859.66M respectively. The average forecast suggests up to a 19.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.65B, representing a 19.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PINS is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 8.68, with PINS’s current price about 21.56% and 21.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 80.34, while 7-day volatility ratio is 2.99% and 3.17% in the 30-day chart. Further, Pinterest Inc (PINS) has a beta value of 0.95, and an average true range (ATR) of 1.42.
If we refocus on Pinterest Inc (NYSE:PINS), historical trading data shows that trading volumes averaged 10.47 million over the past 3 months. The company’s latest data on shares outstanding shows there are 591.66 million shares.
The 13.70% of Pinterest Inc’s shares are in the hands of company insiders while institutional holders own 79.12% of the company’s shares. Current price change has pushed the stock 15.12% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PINS stock continues to rise going into the next quarter.
