The stock of Pinterest Inc (NYSE: PINS) has decreased by -1.12 when compared to last closing price of 34.67. Despite this, the company has experienced a -1.12% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-07 that Digital ad spend has shifted in the last few years, but this space represents an explosive growth opportunity over the next decade. Alphabet is raking in revenue and profits while looking toward a future that revolves heavily around AI.
Is It Worth Investing in Pinterest Inc (NYSE: PINS) Right Now?
Additionally, the 36-month beta value for PINS is 0.99. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for PINS is 585.56M and currently, short sellers hold a 4.18% ratio of that float. The average trading volume of PINS on April 08, 2024 was 10.20M shares.
PINS’s Market Performance
PINS stock saw a decrease of -1.12% in the past week, with a monthly decline of -0.98% and a quarterly a decrease of -4.19%. The volatility ratio for the week is 2.78%, and the volatility levels for the last 30 days are 2.87% for Pinterest Inc (PINS). The simple moving average for the past 20 days is -1.11% for PINS’s stock, with a 8.90% simple moving average for the past 200 days.
Analysts’ Opinion of PINS
Many brokerage firms have already submitted their reports for PINS stocks, with Argus repeating the rating for PINS by listing it as a “Buy.” The predicted price for PINS in the upcoming period, according to Argus is $45 based on the research report published on January 18, 2024 of the current year 2024.
BMO Capital Markets, 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 “Outperform” according to the report published on January 09th, 2024.
Raymond James gave a rating of “Outperform” to PINS, setting the target price at $45 in the report published on December 20th of the previous year.
PINS Trading at -5.04% 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 -17.60% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -3.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.13% lower at present.
During the last 5 trading sessions, PINS fell by -1.12%, which changed the moving average for the period of 200-days by +35.98% in comparison to the 20-day moving average, which settled at $34.60. In addition, Pinterest Inc saw -7.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PINS starting from JORDAN JEFFREY D, who sale 20,000 shares at the price of $35.08 back on Apr 01 ’24. After this action, JORDAN JEFFREY D now owns 34,215 shares of Pinterest Inc, valued at $701,672 using the latest closing price.
Brau Donnelly Julia, the Chief Financial Officer of Pinterest Inc, sale 30,221 shares at $35.45 during a trade that took place back on Mar 27 ’24, which means that Brau Donnelly Julia is holding 327,358 shares at $1,071,330 based on the most recent closing price.
Stock Fundamentals for PINS
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.77 for the gross margin
The net margin for Pinterest Inc stands at -0.01. The total capital return value is set at -0.04. Equity return is now at value -1.12, with -0.96 for asset returns.
Based on Pinterest Inc (PINS), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 3.12. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -1.19.
Currently, EBITDA for the company is -104.17 million with net debt to EBITDA at 10.67. When we switch over and look at the enterprise to sales, we see a ratio of 7.24. The receivables turnover for the company is 4.0for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.53.
Conclusion
In conclusion, Pinterest Inc (PINS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
