The stock of Pitney Bowes, Inc (NYSE: PBI) has increased by 6.45 when compared to last closing price of 7.29.Despite this, the company has seen a gain of 1.31% in its stock price over the last five trading days. zacks.com reported 2024-11-19 that PBI, GBX, and FIVN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 19, 2024.
Is It Worth Investing in Pitney Bowes, Inc (NYSE: PBI) Right Now?
Additionally, the 36-month beta value for PBI is 1.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PBI is 162.21M and currently, short sellers hold a 8.16% ratio of that float. The average trading volume of PBI on November 20, 2024 was 1.65M shares.
PBI’s Market Performance
PBI stock saw an increase of 1.31% in the past week, with a monthly gain of 10.54% and a quarterly increase of 6.74%. The volatility ratio for the week is 4.98%, and the volatility levels for the last 30 days are 4.78% for Pitney Bowes, Inc (PBI). The simple moving average for the past 20 days is 4.27% for PBI’s stock, with a 35.77% 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 8.57% 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 -11.82% of loss for the given period.
Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 4.98%, as shares surge +9.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.50% upper at present.
During the last 5 trading sessions, PBI rose by +1.31%, which changed the moving average for the period of 200-days by +107.49% in comparison to the 20-day moving average, which settled at $7.44. In addition, Pitney Bowes, Inc saw 76.36% 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 PBI starting from Gregg Zegras, who proposed sale 25,534 shares at the price of $7.09 back on Aug 16 ’24. After this action, Gregg Zegras now owns shares of Pitney Bowes, Inc, valued at $181,036 using the latest closing price.
Gregg Zegras, the Officer of Pitney Bowes, Inc, proposed sale 25,000 shares at $7.23 during a trade that took place back on Aug 15 ’24, which means that Gregg Zegras is holding shares at $180,750 based on the most recent closing price.
Stock Fundamentals for PBI
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.42 for the gross margin
The net margin for Pitney Bowes, Inc stands at -0.13. The total capital return value is set at -0.08.
Based on Pitney Bowes, Inc (PBI), the company’s capital structure generated 1.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at -4.29. The interest coverage ratio of the stock is -1.1.
Currently, EBITDA for the company is -135.92 million with net debt to EBITDA at -1768.53. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.
Conclusion
In conclusion, Pitney Bowes, Inc (PBI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
