Pitney Bowes, Inc. (NYSE: PBI) is -5.45% lower on its value in year-to-date trading and has touched a low of $2.80 and a high of $4.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PBI stock was last observed hovering at around $4.07 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $4.16, the stock is 4.05% and 1.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 2.21% at the moment leaves the stock 11.17% off its SMA200. PBI registered 15.24% gain for a year compared to 6-month gain of 43.45%. The firm has a 50-day simple moving average (SMA 50) of $0.79 and a 200-day simple moving average (SMA200) of -$31.52.
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The stock witnessed a -0.72% loss in the last 1 month and extending the period to 3 months gives it a 0.73%, and is 1.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.26% over the week and 3.51% over the month.
Pitney Bowes, Inc. (PBI) has around 10500 employees, a market worth around $734.36M and $3.27B in sales. Fwd P/E is 32.00. Profit margin for the company is -11.81%. Distance from 52-week low is 48.57% and -9.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.93%).
Pitney Bowes, Inc. quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $798.6M over the same period.The EPS is expected to shrink by -162.50% this year, but quarterly earnings will post -0.40% year-over-year.
300 institutions hold shares in Pitney Bowes, Inc. (PBI), with institutional investors hold 73.24% of the company’s shares. The shares outstanding are 176.37M, and float is at 153.79M with Short Float at 6.98%. Institutions hold 70.26% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.61 million shares valued at $65.87 million. The investor’s holdings represent 10.57% of the PBI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.14 million shares valued at $60.67 million to account for 9.74% of the shares outstanding. The other top investors are State Street Corporation which holds 6.38 million shares representing 3.63% and valued at over $22.6 million, while Charles Schwab Investment Management, Inc. holds 2.55% of the shares totaling 4.49 million with a market value of $15.91 million.
