Pinterest Inc. (NYSE:PINS) went down by -0.83% from its latest closing price compared to the recent 1-year high of $89.90. The company’s stock price has collected -10.81% of loss in the last five trading sessions. Press Release reported on 01/06/22 that Sprout Social to Present at The 24th Annual Needham Growth Conference
Is It Worth Investing in Pinterest Inc. (NYSE :PINS) Right Now?
Pinterest Inc. (NYSE:PINS) scored a price-to-earnings ratio above its average ratio, recording 60.26 x from its present earnings ratio.
PINS currently public float of 559.30M and currently shorts hold a 2.70% ratio of that float. Today, the average trading volume of PINS was 12.85M shares.
PINS’s Market Performance
PINS stocks went down by -10.81% for the week, with a monthly drop of -19.99% and a quarterly performance of -37.22%, while its annual performance rate touched -54.89%. The volatility ratio for the week stands at 5.60% while the volatility levels for the past 30 days are set at 5.55% for Pinterest Inc.. The simple moving average for the period of the last 20 days is -10.08% for PINS stocks with a simple moving average of -44.36% for the last 200 days.
Analysts’ Opinion of PINS
Many brokerage firms have already submitted their reports for PINS stocks, with Piper Sandler repeating the rating for PINS by listing it as a “Overweight.” The predicted price for PINS in the upcoming period, according to Piper Sandler is $53 based on the research report published on January 05th of the current year 2022.
Wolfe Research, on the other hand, stated in their research note that they expect to see PINS reach a price target of $45. The rating they have provided for PINS stocks is “Peer Perform” according to the report published on January 04th, 2022.
PINS Trading at -19.92% from the 50-Day Moving Average
After a stumble in the market that brought PINS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.94% of loss for the given period.
Volatility was left at 5.55%, however, over the last 30 days, the volatility rate increased by 5.60%, as shares sank -16.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.53% lower at present.
During the last 5 trading sessions, PINS fell by -10.81%, which changed the moving average for the period of 200-days by -52.47% in comparison to the 20-day moving average, which settled at $35.74. In addition, Pinterest Inc. saw -10.81% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at PINS starting from JORDAN JEFFREY D, who sale 4,000 shares at the price of $36.61 back on Dec 28. After this action, JORDAN JEFFREY D now owns 244,215 shares of Pinterest Inc., valued at $146,440 using the latest closing price.
Morgenfeld Todd R, the Chief Financial Officer of Pinterest Inc., sale 61,082 shares at $35.97 during a trade that took place back on Dec 21, which means that Morgenfeld Todd R is holding 653,039 shares at $2,196,956 based on the most recent closing price.
Stock Fundamentals for PINS
Equity return is now at value 14.30, with 12.30 for asset returns.