Pitney Bowes Inc. (NYSE:PBI) saw a downside of -4.39% to close Friday at $3.05 after subtracting -$0.14 on the day. The 5-day average trading volume is 1,002,080 shares of the company’s common stock. It has gained $3.35 in the past week and touched a new high 2 times within the past 5 days. An average of 1,835,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,298,238.
PBI’s 1-month performance is -13.84% or -$0.44 on its low of $2.80 reached on 09/08/23. The company’s shares have touched a 52-week low of $2.30 and high of $4.85, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, PBI has lost -19.74% or -$0.75 and has reached a new high 7 times. However, the current price is down -37.11% from the 52-week high price.
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Valuation Metrics
PBI stock has a beta of 2.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.16.
Pitney Bowes Inc.’s quick ratio for the period ended June 29 was 0.82, with the current ratio over the same period at 0.87. In terms of profitability, the gross margin trailing 12 months is 30.79%. The trailing 12-month EBITDA margin is 9.13% while for the period ending June 29, Pitney Bowes Inc.’s operating margin was 4.35%. The firm’s gross profit as reported stood at $1.08 billion against revenue of $3.54 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 103.07% to -$141.54 million, while revenue of -$7.74 million was 94.53% off the previous quarter. Analysts expected PBI to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.02, representing a -100.00% surprise. EBITDA for the quarter stood at more than $30.76 million. PBI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.5 billion, with total debt at $2.46 billion. Shareholders hold equity totaling $176.03 million.
Let’s look briefly at Pitney Bowes Inc. (PBI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 41.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 66.13%.
The stock’s 5-day moving average is $3.17, reflecting a -7.29% or -$0.24 change from its current price. PBI is currently trading -12.61% above its 20-day SMA, -9.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -17.34% and SMA200 by-22.78%.
Stochastic %K and %D was 59.13% and 59.99% and the average true range (ATR) pointed at 0.15. The RSI (14) points at 41.84%, while the 14-day stochastic is at 40.98% with the period’s ATR at 0.15. The stock’s 9-day MACD Oscillator is pointing at 0.03 and 0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Pitney Bowes Inc. (NYSE: PBI), Sidoti upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PBI stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate PBI as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is PBI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $5.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Pitney Bowes Inc. (PBI) stock is $5.00.
