Pitney Bowes, Inc (NYSE:PBI) shares, rose in value, with the stock price up by 5.25% to the previous day’s close as strong demand from buyers drove the stock to $9.42.
Actively observing the price movement in the recent trading, the stock is buoying the session at $8.95. The PE ratio was 190.69 over 12-month period. Referring to stock’s 52-week performance, its high was $11.01, and the low was $4.62. On the whole, PBI has fluctuated by 19.85% over the past month.
With the market capitalization of Pitney Bowes, Inc currently standing at about $1.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.21, with its dividend yield at 2.23%.
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 Hold on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of PBI currently trading nearly 10.98% and 4.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.66, while the 7-day volatility ratio is showing 2.84% which for the 30-day chart, stands at 3.97%. Furthermore, Pitney Bowes, Inc (PBI)’s beta value is 1.57, and its average true range (ATR) is 0.37.
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 5.25% in today’s session so far, and over the past year, it grew by 78.07%%.
Data on historical trading for Pitney Bowes, Inc (NYSE:PBI) indicates that the trading volumes over the past 3 months, they’ve averaged 2.54 million. According to company’s latest data on outstanding shares, there are 182.41 million shares outstanding.
Nearly 1.62% of Pitney Bowes, Inc’s shares belong to company insiders and institutional investors own 67.48% of the company’s shares. The stock has risen by 30.11% 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.
