Market Momentum: Pitney Bowes, Inc. (PBI) Registers a -2.09 Decrease, Closing at 7.01

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Pitney Bowes, Inc. (NYSE: PBI) closed the day trading at $7.01 down -2.09% from the previous closing price of $7.16. In other words, the price has decreased by -$2.09 from its previous closing price. On the day, 1.15 million shares were traded. PBI stock price reached its highest trading level at $7.175 during the session, while it also had its lowest trading level at $7.01.

Ratios:

For a better understanding of PBI, 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 2.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 0.96.

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 Aug 16 ’24 when Gregg Zegras bought 25,534 shares for $7.09 per share.

Gregg Zegras bought 25,000 shares of PBI for $180,750 on Aug 15 ’24. On Aug 14 ’24, another insider, Gregg Zegras, who serves as the Officer of the company, bought 25,000 shares for $6.92 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PBI now has a Market Capitalization of 1258365184 and an Enterprise Value of 3093590016. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38. Its current Enterprise Value per Revenue stands at 0.943 whereas that against EBITDA is 10.568.

Stock Price History:

Over the past 52 weeks, PBI has reached a high of $7.70, while it has fallen to a 52-week low of $2.87. The 50-Day Moving Average of the stock is 3.31%, while the 200-Day Moving Average is calculated to be 37.03%.

Shares Statistics:

Over the past 3-months, PBI traded about 2.29M shares per day on average, while over the past 10 days, PBI traded about 1818080 shares per day. A total of 176.37M shares are outstanding, with a floating share count of 160.38M. Insiders hold about 10.66% of the company’s shares, while institutions hold 57.43% stake in the company. Shares short for PBI as of 1724976000 were 11729935 with a Short Ratio of 5.29, compared to 1722384000 on 10207761. Therefore, it implies a Short% of Shares Outstanding of 11729935 and a Short% of Float of 8.72.

Dividends & Splits

PBI’s forward annual dividend rate is 0.20, up from 0.2 a year ago. Against a Trailing Annual Dividend Yield of 0.027932962The stock’s 5-year Average Dividend Yield is 4.72.

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