The stock of Pinterest Inc (PINS) has gone up by 18.99% for the week, with a 16.56% rise in the past month and a 1.66% rise in the past quarter. The volatility ratio for the week is 4.00%, and the volatility levels for the past 30 days are 3.08% for PINS. The simple moving average for the past 20 days is 18.72% for PINS’s stock, with a 25.75% simple moving average for the past 200 days.
Is It Worth Investing in Pinterest Inc (NYSE: PINS) Right Now?
The price-to-earnings ratio for Pinterest Inc (NYSE: PINS) is 191.61x, which is above its average ratio. Moreover, the 36-month beta value for PINS is 0.92. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PINS is 585.88M and currently, short sellers hold a 4.24% of that float. On May 06, 2024, PINS’s average trading volume was 10.61M shares.
PINS) stock’s latest price update
Pinterest Inc (NYSE: PINS) has seen a decline in its stock price by -0.22 in relation to its previous close of 40.50. However, the company has experienced a 18.99% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that Pinterest reported a stellar Q1 with revenue growth accelerating to 23%. The company showed it’s capitalizing on its biggest opportunity by growing ARPU nicely.
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 16.57% 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 -2.86% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares surge +17.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.28% upper at present.
During the last 5 trading sessions, PINS rose by +18.99%, which changed the moving average for the period of 200-days by +35.42% in comparison to the 20-day moving average, which settled at $34.34. In addition, Pinterest Inc saw 9.10% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.02 for the present operating margin
- 0.78 for the gross margin
The net margin for Pinterest Inc stands at 0.05. The total capital return value is set at 0.02. Equity return is now at value 4.78, with 4.10 for asset returns.
Based on Pinterest Inc (PINS), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 5.09. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 0.57.
Currently, EBITDA for the company is -104.17 million with net debt to EBITDA at -18.8. When we switch over and look at the enterprise to sales, we see a ratio of 8.13. The receivables turnover for the company is 5.66for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.04.
Conclusion
To wrap up, the performance of Pinterest Inc (PINS) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
