A new trading day began on Friday, with Pinterest Inc (NYSE: PINS) stock price up 1.63% from the previous day of trading, before settling in for the closing price of $31.83. PINS’s price has ranged from $23.59 to $45.19 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Communication Services Sector giant was 33.86%. Meanwhile, its annual earnings per share averaged 33.36%. With a float of $594.18 million, this company’s outstanding shares have now reached $686.20 million.
Let’s determine the extent of company efficiency that accounts for 4014 employees. In terms of profitability, gross margin is 78.58%, operating margin of 3.46%, and the pretax margin is 6.87%.
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 13.41%, while institutional ownership is 80.79%. The most recent insider transaction that took place on Oct 16 ’24, was worth 38,548. In this transaction Director of this company sold 1,150 shares at a rate of $33.52, taking the stock ownership to the 33,686 shares. Before that another transaction happened on Oct 16 ’24, when Company’s Director proposed sale 1,150 for $33.52, making the entire transaction worth $38,548.
Pinterest Inc (PINS) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 33.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 43.95% during the next five years compared to 14.64% 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 9.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.65. Likewise, its price to free cash flow for the trailing twelve months is 27.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.78 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 6.79 million, which is a drop from its year-to-date volume of 9.33 million. As of the previous 9 days, the stock’s Stochastic %D was 22.64%. Additionally, its Average True Range was 0.86.
During the past 100 days, Pinterest Inc’s (PINS) raw stochastic average was set at 29.42%, which indicates a significant decrease from 34.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.54% in the past 14 days, which was lower than the 38.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.70, while its 200-day Moving Average is $36.23. However, in the short run, Pinterest Inc’s stock first resistance to watch stands at $32.76. Second resistance stands at $33.16. The third major resistance level sits at $33.66. If the price goes on to break the first support level at $31.86, it is likely to go to the next support level at $31.36. Should the price break the second support level, the third support level stands at $30.96.
Pinterest Inc (NYSE: PINS) Key Stats
With a market capitalization of 22.20 billion, the company has a total of 683,170K Shares Outstanding. Currently, annual sales are 3,055 M while annual income is -35,610 K. The company’s previous quarter sales were 853,680 K while its latest quarter income was 8,890 K.
