Additionally, the 36-month beta value for PNST is -0.01. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for PNST is 21.08M and currently, short sellers hold a 0.60% ratio of that float. The average trading volume of PNST on December 26, 2024 was 93.11K shares.
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PNST) stock’s latest price update
Pinstripes Holdings Inc (NYSE: PNST)’s stock price has gone decline by -6.95 in comparison to its previous close of 0.47, however, the company has experienced a -14.90% decrease in its stock price over the last five trading days. businesswire.com reported 2024-12-17 that NEW YORK–(BUSINESS WIRE)–The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the redeemable warrants (“Warrants”) — ticker symbol PNST WS — exercisable for one share of Class A Common Stock, exercise price of $11.50 per share, of Pinstripes Holdings, Inc. (the “Company”) from the NYSE. Trading in these Warrants will be suspended immediately. Trading in the Company’s Class A Common Stock — ticke.
PNST’s Market Performance
Pinstripes Holdings Inc (PNST) has experienced a -14.90% fall in stock performance for the past week, with a -48.06% drop in the past month, and a -34.13% drop in the past quarter. The volatility ratio for the week is 37.43%, and the volatility levels for the past 30 days are at 22.22% for PNST. The simple moving average for the past 20 days is -28.74% for PNST’s stock, with a -77.86% simple moving average for the past 200 days.
Analysts’ Opinion of PNST
Many brokerage firms have already submitted their reports for PNST stocks, with BTIG Research repeating the rating for PNST by listing it as a “Buy.” The predicted price for PNST in the upcoming period, according to BTIG Research is $3 based on the research report published on November 27, 2024 of the current year 2024.
Oppenheimer gave a rating of “Outperform” to PNST, setting the target price at $6 in the report published on January 30th of the current year.
PNST Trading at -39.08% from the 50-Day Moving Average
After a stumble in the market that brought PNST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.24% of loss for the given period.
Volatility was left at 22.22%, however, over the last 30 days, the volatility rate increased by 37.43%, as shares sank -55.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.18% lower at present.
During the last 5 trading sessions, PNST fell by -14.90%, which changed the moving average for the period of 200-days by -88.21% in comparison to the 20-day moving average, which settled at $0.6203. In addition, Pinstripes Holdings Inc saw -95.94% 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 PNST starting from Querciagrossa Anthony, who purchase 100,000 shares at the price of $3.43 back on Feb 26 ’24. After this action, Querciagrossa Anthony now owns 100,000 shares of Pinstripes Holdings Inc, valued at $343,000 using the latest closing price.
Stock Fundamentals for PNST
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.04 for the gross margin
The net margin for Pinstripes Holdings Inc stands at -0.13. The total capital return value is set at -0.29. Equity return is now at value -2.10, with -1.91 for asset returns.
Based on Pinstripes Holdings Inc (PNST), the company’s capital structure generated 1.83 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at -2.21. The interest coverage ratio of the stock is -1.42.
Currently, EBITDA for the company is 13.34 million with net debt to EBITDA at -57.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 93.68for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In conclusion, Pinstripes Holdings Inc (PNST) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
