Pitney Bowes, Inc [NYSE: PBI] loss -0.91% or -0.08 points to close at $8.74 with a heavy trading volume of 4554669 shares.
The daily chart for PBI points out that the company has recorded 38.95% gains over the past six months.
If we look at the average trading volume of 1.91M shares, PBI reached to a volume of 4554669 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Pitney Bowes, Inc [PBI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PBI shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PBI stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Sidoti have made an estimate for Pitney Bowes, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 30, 2021. The new note on the price target was released on April 30, 2021, representing the official price target for Pitney Bowes, Inc stock.
The Average True Range (ATR) for Pitney Bowes, Inc is set at 0.38, with the Price to Sales ratio for PBI stock in the period of the last 12 months amounting to 0.53. Price to Free Cash Flow for PBI in the course of the last twelve months was 13.38 with Quick ratio for the last quarter at 0.84.
Trading performance analysis for PBI stock
Pitney Bowes, Inc [PBI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.46. With this latest performance, PBI shares gained by 23.45% in over the last four-week period, additionally plugging by 38.95% over the last 6 months – not to mention a rise of 122.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBI stock in for the last two-week period is set at 61.00, with the RSI for the last a single of trading hit 60.13, and the three-weeks RSI is set at 60.33 for Pitney Bowes, Inc [PBI]. The present Moving Average for the last 50 days of trading for this stock 7.85, while it was recorded at 8.73 for the last single week of trading, and 6.75 for the last 200 days.
Pitney Bowes, Inc [PBI]: A deeper dive into fundamental analysis
Pitney Bowes, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.84 and a Current Ratio set at 0.88.
An analysis of Institutional ownership at Pitney Bowes, Inc [PBI]
There are presently around $70.99%, or 72.41%% of PBI stock, in the hands of institutional investors. The top three institutional holders of PBI stocks are: VANGUARD GROUP INC with ownership of 18.42 million shares, which is approximately 10.4064%. BLACKROCK INC., holding 16.77 million shares of the stock with an approximate value of $$85.19 million in PBI stocks shares; and BLACKROCK INC., currently with $$32.42 million in PBI stock with ownership which is approximately 3.6059%.
