Pitney Bowes, Inc (NYSE:PBI) price on current trading day, fall -1.66% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.80.
A look at the stock’s price movement, the level at last check in today’s session was $9.96. The PE ratio in trailing twelve months stood at 38.05. Turning to its 52-week performance, $11.01 and $4.62 were the 52-week high and 52-week low respectively. Overall, PBI moved 15.64% over the past month.
Pitney Bowes, Inc’s market cap currently stands at around $1.78 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.23, with its dividend yield at 2.35%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 475.92M for the company’s revenue for the quarter, with a low and high estimate of 475.92M and 475.92M respectively. The average forecast suggests down to a -40.00% 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 1.97B, representing a -2.69% decline 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 PBI is a 100% Buy. On the other hand, the stock is on average a 75% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PBI’s current price about 6.45% and 9.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.75, while 7-day volatility ratio is 5.17% and 2.59% in the 30-day chart. Further, Pitney Bowes, Inc (PBI) has a beta value of 1.58, and an average true range (ATR) of 0.35.
If we refocus on Pitney Bowes, Inc (NYSE:PBI), historical trading data shows that trading volumes averaged 2.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 182.51 million shares.
The 1.65% of Pitney Bowes, Inc’s shares are in the hands of company insiders while institutional holders own 70.50% of the company’s shares. Current price change has pushed the stock 35.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PBI stock continues to rise going into the next quarter.
