Pitney Bowes, Inc (NYSE:PBI) currently has a daily average trading volume of 2.03M but it saw 2455297 shares traded in last market. With a market cap of 1.62B USD, the company’s current market price of $8.93 came rising about 0.56 while comparing to the previous closing price of $8.88. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.29 and as low as $3.68. In the recent trading on the day, stock has struck highest price mark of $8.755 while lowest mark touched by it was $9.045.
Taking a look at 20-day trading activity of Pitney Bowes, Inc (PBI) gives us an average price of $7.63, while its current price level is -3.88% below from 52-week high level whereas it is 142.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.66 while that of 200 days or SMA-200 reads an average of $6.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.46% during that period while stretching the period over a month that decreases to 4.36%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.02 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Sidoti which upgraded the stock as “Buy” in its note to investors issued on April 30, 2021, recommending a price target of $10 for it.
Over the week, PBI’s stock price is moving 21.99% up while it is 21.83% when we observe its performance for the past one month. Year-to-date it is 23.34% up and over the past year, the stock is showing an upside performance of 102.95%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0.16 while estimate for next year EPS is 0.4. In next quarter, company is expected to be making quarterly sales of $501.42M as analysts are expecting the sales for current fiscal year at $2.63B and seeing the company making $1.97B in sales next year. Moreover, analysts are in estimates of $509.65M for current-quarter revenue.
Currently, Pitney Bowes, Inc’s total number of outstanding shares is 181.34M with 1.87% of that held by the insiders while 70.91% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -10.37%. It has a 8.35 of forward P/E ratio. Stock’s beta reads 2.01. Stock has a price to sale or P/S ratio amounts to 0.54. Its return on asset (ROA) is -3.20% on average.
