Pinterest Inc. (NYSE:PINS) Relative Strength Index (RSI) is 64.52, with weekly volatility at 3.92% and ATR at 3.17. The PINS stock’s 52-week price range has touched low of $10.10 and a $72.88 high. Intraday shares traded counted 11.09 million, which was 33.71% higher than its 30-day average trading volume of 16.73M. Its shares traded higher over the last trading session, gaining 0.88% on 12/23/20. The shares fell to a low of $72.65 before closing at $72.99. PINS’s previous close was $72.35 while the outstanding shares total 603.49M.
Investors have identified the Internet Content & Information company Pinterest Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $45.52 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Pinterest Inc. (PINS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 2.03 billion total, with 189.65 million as their total liabilities.
PINS were able to record -85.9 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by -14.33 million. In cash movements, the company had a total of -71.87 million as operating cash flow.
Potential earnings growth for Pinterest Inc. (PINS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, Pinterest Inc. recorded a total of 442.62 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 36.81% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 38.44%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 112.84 million trying to sell their products during the last quarter, with the result yielding a gross income of 329.77 million. This allows shareholders to hold on to 603.49M with the recently reported earning now reading -0.16 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (-0.02 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.31 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PINS sounds very interesting.
Is the stock of PINS attractive?
In related news, Chief Accounting Officer, Yang Tseli Lily sold 11,008 shares of the company’s stock in a transaction that recorded on Dec 21. The sale was performed at an average price of 69.95, for a total value of 770,037. As the sale deal closes, the General Counsel, Flores Christine now sold 7,615 shares of the company’s stock, valued at 540,235. Also, Chief Financial Officer, Morgenfeld Todd R sold 26,300 shares of the company’s stock in a deal that was recorded on Dec 21. The shares were price at an average price of 70.95 per share, with a total market value of 1,865,866. Following this completion of acquisition, the Chairman, President, CEO, Co-F, Silbermann Benjamin now holds 105,000 shares of the company’s stock, valued at 7,490,189. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
16 out of 28 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Pinterest Inc.. 0 analysts has assigned a Sell rating on the PINS stock. The 12-month mean consensus price target for the company’s shares has been set at $69.46.