A new trading day began on November 20, 2023, with Pinterest Inc (NYSE: PINS) stock priced at $31.47, up 2.03% from the previous day of trading. During the day, the shares moved up to $32.45 and dropped to $31.45 before settling in for the closing price of $31.49. PINS’s price has ranged from $20.60 to $32.52 over the past 52 weeks.
During the last 5-year period, the sales growth of Communication Services Sector giant was 44.04%. Meanwhile, its annual earnings per share averaged 74.24%. With a float of $576.45 million, this company’s outstanding shares have now reached $593.92 million.
Let’s determine the extent of company efficiency that accounts for 3987 employees. In terms of profitability, gross margin is +75.90, operating margin of -3.29, and the pretax margin is -3.07.
Pinterest Inc (PINS) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Pinterest Inc is 14.52%, while institutional ownership is 74.64%. The most recent insider transaction that took place on Nov 15, was worth 12,839,831. In this transaction Director of this company sold 402,750 shares at a rate of $31.88, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 15, when Company’s Director sold 142,832 for $31.88, making the entire transaction worth $4,553,524. This insider now owns 0 shares in total.
Pinterest Inc (PINS) Earnings and Forecasts
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.28 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -3.43 while generating a return on equity of -3.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 74.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.90% during the next five years compared to 9.71% growth over the previous five years of trading.
Pinterest Inc (NYSE: PINS) Trading Performance Indicators
Here are Pinterest Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 9.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.34. Likewise, its price to free cash flow for the trailing twelve months is 53.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 1.28 in one year’s time.
Technical Analysis of Pinterest Inc (PINS)
Looking closely at Pinterest Inc (NYSE: PINS), its last 5-days average volume was 10.19 million, which is a drop from its year-to-date volume of 11.47 million. As of the previous 9 days, the stock’s Stochastic %D was 59.45%. Additionally, its Average True Range was 1.01.
During the past 100 days, Pinterest Inc’s (PINS) raw stochastic average was set at 95.63%, which indicates a significant increase from 89.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.18% in the past 14 days, which was lower than the 45.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.96, while its 200-day Moving Average is $26.50. However, in the short run, Pinterest Inc’s stock first resistance to watch stands at $32.57. Second resistance stands at $33.01. The third major resistance level sits at $33.57. If the price goes on to break the first support level at $31.57, it is likely to go to the next support level at $31.01. Should the price break the second support level, the third support level stands at $30.57.
Pinterest Inc (NYSE: PINS) Key Stats
With a market capitalization of 21.67 billion, the company has a total of 674,359K Shares Outstanding. Currently, annual sales are 2,803 M while annual income is -96,050 K. The company’s previous quarter sales were 763,200 K while its latest quarter income was 6,730 K.