The stock of Pinterest Inc (NYSE: PINS) has increased by 0.86 when compared to last closing price of 30.38. Despite this, the company has experienced a 6.06% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-23 that I see Pinterest’s 20x next year’s EBITDA valuation as an attractive entry point, especially compared to peers like Snap. Nearly 15% of Pinterest’s market cap being cash gives me confidence in its financial strength and ability to invest in growth. Despite some near-term profitability concerns, Pinterest’s long-term potential and growing user base make it an appealing investment.
Is It Worth Investing in Pinterest Inc (NYSE: PINS) Right Now?
Pinterest Inc (NYSE: PINS) has a higher price-to-earnings ratio of 111.34x compared to its average ratio, The 36-month beta value for PINS is at 1.01. Analysts have varying views on the stock, with 19 analysts rating it as a “buy,” 6 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
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
The public float for PINS is 594.09M, and currently, shorts hold a 3.05% of that float. The average trading volume for PINS on September 23, 2024 was 9.67M shares.
PINS’s Market Performance
PINS’s stock has seen a 6.06% increase for the week, with a -4.31% drop in the past month and a -28.94% fall in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 2.78% for Pinterest Inc The simple moving average for the last 20 days is 0.92% for PINS stock, with a simple moving average of -16.51% for the last 200 days.
Analysts’ Opinion of PINS
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see PINS reach a price target of $41. The rating they have provided for PINS stocks is “Overweight” according to the report published on September 05th, 2024.
Wells Fargo gave a rating of “Overweight” to PINS, setting the target price at $41 in the report published on July 31st of the current year.
PINS Trading at -6.50% 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 -32.19% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -5.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.66% lower at present.
During the last 5 trading sessions, PINS rose by +6.25%, which changed the moving average for the period of 200-days by -10.01% in comparison to the 20-day moving average, which settled at $30.28. In addition, Pinterest Inc saw -17.28% 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 Rajaram Gokul, who sale 1,150 shares at the price of $29.40 back on Sep 18 ’24. After this action, Rajaram Gokul now owns 34,836 shares of Pinterest Inc, valued at $33,810 using the latest closing price.
Rajaram Gokul, the Director of Pinterest Inc, proposed sale 1,150 shares at $29.42 during a trade that took place back on Sep 18 ’24, which means that Rajaram Gokul is holding shares at $33,833 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 5.91. 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 conclusion, Pinterest Inc (PINS) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
