Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Pinterest Inc (NYSE: PINS) closed the day trading at $32.91 up 0.43% from the previous closing price of $32.77. In other words, the price has increased by $0.43 from its previous closing price. On the day, 5.19 million shares were traded. PINS stock price reached its highest trading level at $33.19 during the session, while it also had its lowest trading level at $32.61.
Ratios:
For a better understanding of PINS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.94. For the most recent quarter (mrq), Quick Ratio is recorded 10.53 and its Current Ratio is at 10.53. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On January 09, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $45.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 15 ’24 when Rajaram Gokul sold 1,934 shares for $33.34 per share. The transaction valued at 64,480 led to the insider holds 31,646 shares of the business.
JORDAN JEFFREY D sold 20,000 shares of PINS for $701,672 on Apr 01 ’24. The Director now owns 34,215 shares after completing the transaction at $35.08 per share. On Mar 27 ’24, another insider, Brau Donnelly Julia, who serves as the Chief Financial Officer of the company, sold 30,221 shares for $35.45 each. As a result, the insider received 1,071,330 and left with 327,358 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PINS now has a Market Capitalization of 22463739904 and an Enterprise Value of 20030539776. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.31 while its Price-to-Book (P/B) ratio in mrq is 7.22. Its current Enterprise Value per Revenue stands at 6.556 whereas that against EBITDA is 881.898.
Stock Price History:
Over the past 52 weeks, PINS has reached a high of $41.60, while it has fallen to a 52-week low of $20.60. The 50-Day Moving Average of the stock is -6.69%, while the 200-Day Moving Average is calculated to be 3.49%.
Shares Statistics:
Over the past 3-months, PINS traded about 10.05M shares per day on average, while over the past 10 days, PINS traded about 6295050 shares per day. A total of 591.66M shares are outstanding, with a floating share count of 585.56M. Insiders hold about 13.76% of the company’s shares, while institutions hold 77.65% stake in the company. Shares short for PINS as of 1711584000 were 23129961 with a Short Ratio of 2.30, compared to 1709164800 on 24243934. Therefore, it implies a Short% of Shares Outstanding of 23129961 and a Short% of Float of 3.9100002000000003.
Earnings Estimates
At present, Pinterest, Inc. analysts are actively evaluating the performance of Pinterest Inc (PINS) in the stock market.The consensus estimate for the next quarter is $24.92, with high estimates of $2.86 and low estimates of $0.16.
