Pitney Bowes, Inc (NYSE:PBI) does about 1.94M shares in volume on a normal day but saw 2588961 shares change hands in the recent trading day. The company now has a market cap of 1.54B USD. Its current market price is $8.48, marking an increase of 2.91% compared to the previous close of $8.24. The 52 week high reached by this stock is $8.80 whilst the lowest price level in 52 weeks is $3.68.
Pitney Bowes, Inc (PBI) has a 20-day trading average at $7.37 and the current price is -3.64% off the 52-week high compared with 130.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.58 and its 200-day simple moving average is $6.47. If we look at the stock’s price movements over the week, volatility stands at 5.59%, which decreases to 3.97% 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 71.15 to suggest the stock is overbought.
The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 43.47% 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.
The current price level is 15.01%, 11.82%, and 31.04% away from its SMA20, SMA50, and SMA200 respectively, with the PBI price moving below the 50-day SMA on current market day. Pitney Bowes, Inc (PBI) stock is up 16.16% over the week and 17.29% over the past month. Its price is 17.13% year-to-date and 95.84% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.16 and 0.4 for whole year. Expected sales for next quarter are $501.42M, which analysts say will come at $2.63B for the current fiscal year and next year at $1.97B. In addition, estimates put the company’s current quarterly revenue at an average of $509.65M.
To reach the target analysts have set, the stock logically needs to grow 43.47 percent from here.
Outstanding shares total 181.34M with insiders holding 1.87% of the shares and institutional holders owning 70.81% of the company’s common stock. The company has a return on investment of -10.37%. The forward price to earnings ratio is 7.93. The beta has a value of 2.00. Price to sales ratio is 0.51.
