Pitney Bowes, Inc. (NYSE: PBI)’s stock price has decreased by -0.57 compared to its previous closing price of 5.23. However, the company has seen a 23.52% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Pitney Bowes (PBI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.01 per share a year ago.
Is It Worth Investing in Pitney Bowes, Inc. (NYSE: PBI) Right Now?
Moreover, the 36-month beta value for PBI is 2.00. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PBI is 155.62M and currently, short sellers hold a 7.62% of that float. On May 09, 2024, PBI’s average trading volume was 1.38M shares.
PBI’s Market Performance
PBI’s stock has seen a 23.52% increase for the week, with a 20.37% rise in the past month and a 33.68% gain in the past quarter. The volatility ratio for the week is 7.09%, and the volatility levels for the past 30 days are at 4.85% for Pitney Bowes, Inc. The simple moving average for the past 20 days is 19.60% for PBI’s stock, with a 33.85% simple moving average for the past 200 days.
Analysts’ Opinion of PBI
Many brokerage firms have already submitted their reports for PBI stocks, with Sidoti repeating the rating for PBI by listing it as a “Buy.” The predicted price for PBI in the upcoming period, according to Sidoti is $10 based on the research report published on April 30, 2021 of the previous year 2021.
PBI Trading at 23.09% from the 50-Day Moving Average
After a stumble in the market that brought PBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.63% of loss for the given period.
Volatility was left at 4.85%, however, over the last 30 days, the volatility rate increased by 7.09%, as shares surge +26.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.42% upper at present.
During the last 5 trading sessions, PBI rose by +23.52%, which changed the moving average for the period of 200-days by +35.77% in comparison to the 20-day moving average, which settled at $4.40. In addition, Pitney Bowes, Inc. saw 18.18% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PBI
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.63 for the gross margin
The net margin for Pitney Bowes, Inc. stands at -0.12. The total capital return value is set at -0.09. Equity return is now at value 10.97, with -8.82 for asset returns.
Based on Pitney Bowes, Inc. (PBI), the company’s capital structure generated 1.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at -5.59. The interest coverage ratio of the stock is -2.27.
Currently, EBITDA for the company is -406.5 million with net debt to EBITDA at -13.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 3.81for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
To wrap up, the performance of Pitney Bowes, Inc. (PBI) 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.
