Pinterest Inc (NYSE: PINS)’s stock price has increased by 0.73 compared to its previous closing price of 32.94. However, the company has seen a -2.84% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-18 that Pinterest (PINS) concluded the recent trading session at $33.18, signifying a +0.73% move from its prior day’s close.
Is It Worth Investing in Pinterest Inc (NYSE: PINS) Right Now?
Pinterest Inc (NYSE: PINS) has a higher price-to-earnings ratio of 120.57x 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,” 7 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
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The public float for PINS is 594.16M, and currently, shorts hold a 3.46% of that float. The average trading volume for PINS on October 21, 2024 was 9.81M shares.
PINS’s Market Performance
The stock of Pinterest Inc (PINS) has seen a -2.84% decrease in the past week, with a 8.72% rise in the past month, and a -19.27% fall in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are at 2.43% for PINS. The simple moving average for the past 20 days is 0.82% for PINS’s stock, with a -8.72% simple moving average for the past 200 days.
Analysts’ Opinion of PINS
Many brokerage firms have already submitted their reports for PINS stocks, with Oppenheimer repeating the rating for PINS by listing it as a “Outperform.” The predicted price for PINS in the upcoming period, according to Oppenheimer is $45 based on the research report published on September 24, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see PINS reach a price target of $43. The rating they have provided for PINS stocks is “Buy” according to the report published on September 23rd, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to PINS, setting the target price at $41 in the report published on September 05th of the current year.
PINS Trading at 5.53% 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 -26.57% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +9.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.36% upper at present.
During the last 5 trading sessions, PINS fell by -2.84%, which changed the moving average for the period of 200-days by -7.47% in comparison to the 20-day moving average, which settled at $32.91. In addition, Pinterest Inc saw -10.42% 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 $33.52 back on Oct 16 ’24. After this action, Rajaram Gokul now owns 33,686 shares of Pinterest Inc, valued at $38,548 using the latest closing price.
Rajaram Gokul, the Director of Pinterest Inc, proposed sale 1,150 shares at $33.52 during a trade that took place back on Oct 16 ’24, which means that Rajaram Gokul is holding shares at $38,548 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 6.45. 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.
