As of Friday close, Pitney Bowes Inc.’s (NYSE:PBI) stock was up $0.08, moving up 2.29 percent to $3.58. The average number of shares traded per day over the past five days has been 758,420 shares. 1 time new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 1,014,370, while in the previous 50 days, it was 997,750.
Since last month, PBI stock retreated -4.53%. Shares of the company fell to $3.29 on 08/03/23, the lowest level in the past month. A 52-week high of $4.85 was reached on 01/12/23 after having rallying from a 52-week low of $2.30. Since the beginning of this year, PBI’s stock price has dropped by -5.79% or -$0.22, and marked a new high 7 times. However, the stock has declined by -26.19% since its 52-week high.
PBI stock investors should be aware that Pitney Bowes Inc. (PBI) stock had its last reported insider trading activity 346 days ago on Sep 07. Stamps Sheila A, the Director of the company, purchased of 20,000 shares for $2.73 on Sep 07. It resulted in a $54,640 investment by the insider.
Valuation Metrics
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05. On Tuesday February 5 2019, a $0.1375 dividend decrease was announced.
Financial Health
In the three months ended June 29, Pitney Bowes Inc.’s quick ratio stood at 0.80, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 30.80% percent. In the year ended June 29, EBITDA margin amounted to 9.13%, whereas operating margins totaled -1.60%. Based on annual data, PBI earned $1.08 billion in gross profit and brought in $3.54 billion in revenue.
In Pitney Bowes Inc.’s quarter-end financial report for June 29, it reported total debt of $1.88 billion against cash and short-term investments of $18.97 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PBI’s revenue fell -12.24% to $834.54 million during the quarter, while net income inched up to $776.48 million. While analysts expected Pitney Bowes Inc. to report -$0.01 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated $30.76 million in EBITDA. The liabilities of Pitney Bowes Inc. were 4.5 billion at the end of its most recent quarter ended June 29, and its total debt was $2.46 billion. The value of shareholders’ equity is $176.03 million.
Technical Picture
This quick technical analysis looks at Pitney Bowes Inc.’s (PBI) price momentum. With a historical volatility rate of 26.10%, the RSI 9-day stood at 50.78% on 18 August.
With respect to its five-day moving average, the current Pitney Bowes Inc. price is up by +2.29% percent or $0.08. At present, PBI shares trade -3.76% below its 20-day simple moving average and -4.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.04% below its SMA50 and +15.11% above its SMA200.
Stochastic coefficient K was 34.04% and Stochastic coefficient D was 33.67%, while ATR was 0.13. Given the Stochastic reading of 45.31% for the 14-day period, the RSI (14) reading has been calculated as 49.57%.
Analyst Ratings
Sidoti upgraded its rating on Pitney Bowes Inc. (NYSE: PBI) to a Buy in a note to investors on April 30, 2021. The analysts firm previously had a Neutral rating on the stock.Pitney Bowes Inc. (PBI) has been rated Hold by analysts. According to 0 brokerage firms, PBI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Pitney Bowes Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $5.00 – $5.00. Based on these forecasts, analysts predict Pitney Bowes Inc. (PBI) will achieve an average price target of $5.00.
