On Friday, Pinterest Inc (NYSE: PINS) opened lower -0.87% from the last session, before settling in for the closing price of $37.88. Price fluctuations for PINS have ranged from $23.59 to $45.19 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 33.86% over the past five years. Company’s average yearly earnings per share was noted 34.45% at the time writing. With a float of $589.84 million, this company’s outstanding shares have now reached $591.66 million.
Let’s look at the performance matrix of the company that is accounted for 4014 employees.
Pinterest Inc (PINS) Insider Updates
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Pinterest Inc is 13.67%, while institutional ownership is 79.39%. The most recent insider transaction that took place on Jun 27 ’24, was worth 1,343,887. In this transaction Chief Financial Officer of this company sold 30,280 shares at a rate of $44.38, taking the stock ownership to the 362,822 shares. Before that another transaction happened on Jun 20 ’24, when Company’s Chief Accounting Officer sold 2,564 for $45.00, making the entire transaction worth $115,380. This insider now owns 186,906 shares in total.
Pinterest Inc (PINS) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.21 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.12) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 34.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.30% during the next five years compared to 14.64% growth over the previous five years of trading.
Pinterest Inc (NYSE: PINS) Trading Performance Indicators
Check out the current performance indicators for Pinterest Inc (PINS). In the past quarter, the stock posted a quick ratio of 10.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.04. Likewise, its price to free cash flow for the trailing twelve months is 33.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.21, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 1.80 in one year’s time.
Technical Analysis of Pinterest Inc (PINS)
Pinterest Inc (NYSE: PINS) saw its 5-day average volume 8.1 million, a negative change from its year-to-date volume of 9.19 million. As of the previous 9 days, the stock’s Stochastic %D was 5.21%. Additionally, its Average True Range was 1.25.
During the past 100 days, Pinterest Inc’s (PINS) raw stochastic average was set at 47.79%, which indicates a significant increase from 1.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.85% in the past 14 days, which was lower than the 39.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.28, while its 200-day Moving Average is $36.53. Nevertheless, the first resistance level for the watch stands at $38.28 in the near term. At $39.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $39.42. If the price goes on to break the first support level at $37.14, it is likely to go to the next support level at $36.72. Assuming the price breaks the second support level, the third support level stands at $36.00.
Pinterest Inc (NYSE: PINS) Key Stats
There are currently 683,170K shares outstanding in the company with a market cap of 25.65 billion. Presently, the company’s annual sales total 3,055 M according to its annual income of -35,610 K. Last quarter, the company’s sales amounted to 739,980 K and its income totaled -24,810 K.
