Pinterest Inc. (PINS) touched a new high 2 times within the past 5 days.


Pinterest Inc. (NYSE:PINS) saw an upside of 0.34% to close Monday at $26.69 after adding $0.09 on the day. The 5-day average trading volume is 10,412,200 shares of the company’s common stock. It has gained $27.47 in the past week and touched a new high 2 times within the past 5 days. An average of 9,627,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,888,164.

PINS’s 1-month performance is 9.21% or $2.16 on its low of $22.56 reached on 01/03/23. The company’s shares have touched a 52-week low of $16.14 and high of $31.53, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, PINS has achieved 9.93% or $2.41 and has reached a new high 5 times. However, the current price is down -15.35% from the 52-week high price.

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Insider Transactions

PINS stock investors last saw insider trading activity on Jan 13.Silbermann Benjamin (Executive Chairman, Co-F) most recently sold 23,704 shares at $26.50 per share on Jan 13. This transaction cost the insider $628,156. Executive Chairman, Co-F, Silbermann Benjamin, sold 150,000 shares at a price of $26.68 on Jan 12. Then, on Jan 11, Executive Chairman, Co-F Silbermann Benjamin sold 150,000 shares at a price of $26.50 per share. This transaction amounted to $3,975,000.

Valuation Metrics

PINS stock has a beta of 0.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.57 while the price-to-book (PB) in the most recent quarter is 5.68, with the price to cash flow ratio at 30.82.

Pinterest Inc.’s quick ratio for the period ended September 29 was 9.50, with the current ratio over the same period at 9.50. In terms of profitability, the gross margin trailing 12 months is 77.10%. The firm’s gross profit as reported stood at $2.05 billion against revenue of $2.58 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Pinterest Inc.’s cash and short-term investments amounted to $994.15 million against total debt of $183.24 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 244.22% to -$65.18 million, while revenue of -$43.08 million was 33.91% off the previous quarter. Analysts expected PINS to announce $0.06 per share in earnings in its latest quarter, but it posted $0.11, representing a 83.30% surprise. EBITDA for the quarter stood at more than -$58.85 million. PINS stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 547.67 million, with total debt at $183.24 million. Shareholders hold equity totaling $678.23 million.

Let’s look briefly at Pinterest Inc. (PINS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 61.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.04%.

The stock’s 5-day moving average is $26.55, reflecting a unch or $unch change from its current price. PINS is currently trading +6.17% above its 20-day SMA, +16.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.99% and SMA200 by+2.14%.

Stochastic %K and %D was 85.79% and 84.59% and the average true range (ATR) pointed at 1.18. The RSI (14) points at 59.28%, while the 14-day stochastic is at 84.13% with the period’s ATR at 1.18. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 1.08 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Pinterest Inc. (NYSE: PINS), MKM Partners downgraded it to a Neutral rating. They previously had a Buy rating on the stock.


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