The price-to-earnings ratio for Pinterest Inc (NYSE: PINS) is above average at 112.69x, Company’s 36-month beta value is 1.01.Analysts have differing 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 593.98M, and currently, short sellers hold a 4.74% ratio of that floaft. The average trading volume of PINS on August 16, 2024 was 9.57M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PINS) stock’s latest price update
Pinterest Inc (NYSE: PINS) has seen a rise in its stock price by 1.11 in relation to its previous close of 30.67. However, the company has experienced a 6.97% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-08-14 that Every investor is well aware of the volatility sweeping the markets over the past few weeks. The same investors are trying to understand whether a market meltdown or massive opportunity is ahead.
PINS’s Market Performance
PINS’s stock has risen by 6.97% in the past week, with a monthly drop of -24.29% and a quarterly drop of -27.49%. The volatility ratio for the week is 3.48% while the volatility levels for the last 30 days are 4.32% for Pinterest Inc The simple moving average for the last 20 days is -7.04% for PINS stock, with a simple moving average of -15.75% for the last 200 days.
Analysts’ Opinion of PINS
Many brokerage firms have already submitted their reports for PINS stocks, with Wells Fargo repeating the rating for PINS by listing it as a “Overweight.” The predicted price for PINS in the upcoming period, according to Wells Fargo is $41 based on the research report published on July 31, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see PINS reach a price target of $45, previously predicting the price at $52. The rating they have provided for PINS stocks is “Overweight” according to the report published on July 31st, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to PINS, setting the target price at $43 in the report published on July 31st of the current year.
PINS Trading at -20.88% 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 -31.37% of loss for the given period.
Volatility was left at 4.32%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares sank -23.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.71% lower at present.
During the last 5 trading sessions, PINS rose by +7.02%, which changed the moving average for the period of 200-days by +23.61% in comparison to the 20-day moving average, which settled at $32.87. In addition, Pinterest Inc saw -16.28% 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 Brau Donnelly Julia, who sale 30,280 shares at the price of $44.38 back on Jun 27 ’24. After this action, Brau Donnelly Julia now owns 362,822 shares of Pinterest Inc, valued at $1,343,887 using the latest closing price.
Acosta Andrea, the Chief Accounting Officer of Pinterest Inc, sale 2,564 shares at $45.00 during a trade that took place back on Jun 20 ’24, which means that Acosta Andrea is holding 186,906 shares at $115,380 based on the most recent closing price.
Stock Fundamentals for PINS
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.79 for the gross margin
The net margin for Pinterest Inc stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 6.52, with 5.53 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 5.47. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 0.95.
Currently, EBITDA for the company is -104.17 million with net debt to EBITDA at -9.05. When we switch over and look at the enterprise to sales, we see a ratio of 5.97. The receivables turnover for the company is 5.03for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.50.
Conclusion
In a nutshell, Pinterest Inc (PINS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
