Pitney Bowes, Inc. (NYSE:PBI) has a beta value of 1.97 and has seen 2.12 million shares traded in the last trading session. The company, currently valued at $1.22B, closed the last trade at $6.78 per share which meant it lost -$0.29 on the day or -4.10% during that session. The PBI stock price is -13.57% off its 52-week high price of $7.70 and 58.7% above the 52-week low of $2.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.39 million shares traded. The 3-month trading volume is 2.23 million shares.
Pitney Bowes, Inc. (NYSE:PBI) trade information
Sporting -4.10% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PBI stock price touched $6.78 or saw a rise of 7.12%. Year-to-date, Pitney Bowes, Inc. shares have moved 54.09%, while the 5-day performance has seen it change -6.35%. Over the past 30 days, the shares of Pitney Bowes, Inc. (NYSE:PBI) have changed 11.33%. Short interest in the company has seen 10.72 million shares shorted with days to cover at 3.87.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Pitney Bowes, Inc. (PBI) estimates and forecasts
Figures show that Pitney Bowes, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 64.56% over the past 6 months, with this year growth rate of 775.00%, compared to -10.80% for the industry. Revenue growth from the last financial year stood is estimated to be -21.00%.
1 analysts offering their estimates for the company have set an average revenue estimate of 467.8M for the current quarter. 1 have an estimated revenue figure of 489.77M for the next ending quarter. Year-ago sales stood 783.75M and 871.58M respectively for this quarter and the next, and analysts expect sales will shrink by -40.30% for the current quarter and -21.00% for the next.
Earnings growth for 2024 is a modest 812.50% while over the next 5 years, the company’s earnings are expected to increase by 6.00%.
PBI Dividends
Pitney Bowes, Inc. is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 2.95%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.72%.
Pitney Bowes, Inc. (NYSE:PBI)’s Major holders
Insiders own 4.20% of the company shares, while shares held by institutions stand at 67.20% with a share float percentage of 70.14%. Investors are also buoyed by the number of investors in a company, with Pitney Bowes, Inc. having a total of 313.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 18.42 million shares worth more than $93.57 million. As of 2024-06-30, VANGUARD GROUP INC held 10.4064% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 16.77 million shares as of 2024-06-30. The firm’s total holdings are worth over $85.19 million and represent 9.4742% of shares outstanding.
