As of Thursday close, Pinterest Inc.’s (NYSE:PINS) stock was up $0.2, moving up 0.73 percent to $27.49. The average number of shares traded per day over the past five days has been 7,541,300 shares. 4 times new highs have been achieved over the past 5 days, with a $0.75 gain in that time frame. In the last twenty days, the average volume was 8,617,275, while in the previous 50 days, it was 10,304,546.
Since last month, PINS stock retreated -1.29%. Shares of the company fell to $25.22 on 08/16/23, the lowest level in the past month. A 52-week high of $30.86 was reached on 07/18/23 after having rallying from a 52-week low of $20.60. Since the beginning of this year, PINS’s stock price has risen by 13.22% or $3.21, and marked a new high 10 times. However, the stock has declined by -10.92% since its 52-week high.
PINS stock investors should be aware that Pinterest Inc. (PINS) stock had its last reported insider trading activity 4 days ago on Aug 28. Walcott Wanjiku Juanita, the Chief Legal & Bus Affairs Ofc. of the company, disposed of 11,435 shares for $27.28 on Aug 28. It resulted in a $311,966 divestment by the insider. Deputy Christine sold 45,153 shares at an average price of $27.26 on Aug 21. The insider now owns 394,989 shares following the transaction. On Aug 16, Chief Legal & Bus Affairs Ofc. Walcott Wanjiku Juanita sold 25,557 shares at $25.34 apiece. The transaction was valued at $647,581.
Valuation Metrics
The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 6.37, the price-to-book (PB) ratio of 6.89, and the price-to-cash flow ratio of 49.46 may also be considered.
Financial Health
In the recent quarter, Pinterest Inc.’s quick ratio stood at 9.20, while its current ratio was 9.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 75.40% percent. In the recent year, EBITDA margin amounted to -1.63%, whereas operating margins totaled -13.20%. Based on annual data, PINS earned $2.12 billion in gross profit and brought in $2.8 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.40%. Return on equity (ROE) for the past 12 months was -9.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PINS’s revenue rose 5.95% to $602.58 million during the quarter, while net income inched up to $708.03 million. During the quarter, the company generated -$68.17 million in EBITDA. The liabilities of Pinterest Inc. were 508.71 million at the end of its most recent quarter, and its total debt was $163.02 million. The value of shareholders’ equity is $670.01 million.
Technical Picture
This quick technical analysis looks at Pinterest Inc.’s (PINS) price momentum. With a historical volatility rate of 26.79%, the RSI 9-day stood at 57.46% on 31 August.
With respect to its five-day moving average, the current Pinterest Inc. price is up by +2.80% percent or $0.75. At present, PINS shares trade +1.22% above its 20-day simple moving average and -1.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately +10.40% above its SMA50 and +13.60% above its SMA200.
Stochastic coefficient K was 82.01% and Stochastic coefficient D was 80.08%, while ATR was 0.87. Given the Stochastic reading of 76.95% for the 14-day period, the RSI (14) reading has been calculated as 54.09%. As of today, the MACD Oscillator reading stands at 0.19, while the 14-day reading stands at 0.53.
Analyst Ratings
Wedbush launched its rating on Pinterest Inc. (NYSE: PINS) to a Neutral in a note to investors on August 22, 2023. Pinterest Inc. (PINS) has been rated Overweight by analysts. According to 1 brokerage firm, PINS is a sell, and 16 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Pinterest Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $24.00 – $45.00. Based on these forecasts, analysts predict Pinterest Inc. (PINS) will achieve an average price target of $32.10.
