More To Go Or Is It Over? – Pitney Bowes, Inc. (PBI)

Pitney Bowes, Inc. (NYSE:PBI) does about 1.79M shares in volume on a normal day but saw 2326071 shares change hands in Monday trading. The company now has a market cap of 1.15B USD. Its current market price is $6.44, marking an increase of 1.26% compared to the previous close of $6.36. The 52 week high reached by this stock is $6.43 whilst the lowest price level in 52 weeks is $2.80.

Pitney Bowes, Inc. (PBI) has a 20-day trading average at $5.27 and the current price is 0.23% off the 52-week high compared with 130.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.16 and its 200-day simple moving average is $4.26. If we look at the stock’s price movements over the week, volatility stands at 7.36%, which decreases to 4.54% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.35 to suggest the stock is overbought.

The consensus objective for the share price is $9.00, suggesting that the stock has a potential upside of 28.44% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 30, 2021 when Sidoti upgraded the stock to “Buy” and issued a price target of $10.

Pitney Bowes, Inc. (PBI) stock is up 26.77% over the week and 19.93% over the past month. Its price is 46.36% year-to-date and 90.53% over the past year.

To reach the target analysts have set, the stock logically needs to grow 28.44 percent from here.

The company has a return on investment of -19.47%. The forward price to earnings ratio is 23.42. The beta has a value of 2.00. Price to sales ratio is 0.35.