The 36-month beta value for PINS is also noteworthy at 1.00. 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 585.58M, and at present, short sellers hold a 4.24% of that float. The average trading volume of PINS on April 29, 2024 was 10.06M shares.
PINS) stock’s latest price update
The stock price of Pinterest Inc (NYSE: PINS) has jumped by 4.04 compared to previous close of 32.64. Despite this, the company has seen a gain of 4.81% in its stock price over the last five trading days. InvestorPlace reported 2024-04-26 that After surging and sinking following its March IPO, Reddit (NYSE: RDDT ) stock has continued to experience choppy price performance. However, based on some recent analyst ratings, RDDT is becoming one of the sell-side’s favorite social media stocks.
PINS’s Market Performance
PINS’s stock has risen by 4.81% in the past week, with a monthly drop of -2.64% and a quarterly drop of -9.92%. The volatility ratio for the week is 3.57% while the volatility levels for the last 30 days are 2.77% for Pinterest Inc The simple moving average for the last 20 days is 0.82% for PINS’s stock, with a simple moving average of 6.28% for the last 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 -1.81% 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 -18.37% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares sank -2.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.19% lower at present.
During the last 5 trading sessions, PINS rose by +4.81%, which changed the moving average for the period of 200-days by +18.04% in comparison to the 20-day moving average, which settled at $33.65. In addition, Pinterest Inc saw -8.32% 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 Rajaram Gokul, who sale 1,934 shares at the price of $33.34 back on Apr 15 ’24. After this action, Rajaram Gokul now owns 31,646 shares of Pinterest Inc, valued at $64,480 using the latest closing price.
JORDAN JEFFREY D, the Director of Pinterest Inc, sale 20,000 shares at $35.08 during a trade that took place back on Apr 01 ’24, which means that JORDAN JEFFREY D is holding 34,215 shares at $701,672 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 7.17. 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 summary, Pinterest Inc (PINS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
