PBI Stock Summary and Trading Ideas (Pitney Bowes | NYSE:PBI)

Pitney Bowes is a Global technology company that offers e-commerce solutions to its clients. The company provides various products and services such as domestic delivery, return and fulfillment, cross-border shipping solutions, sorting services for large volumes of postal mails, technological solutions to enable digital mailing, shipping, and other services. The company operates through three business segments: Global e-commerce, presort services, and SendTech Solutions. The company generates majority of its revenue from United States.

Pitney Bowes trades on the NYSE stock market under the symbol PBI.

As of April 19, 2024, PBI stock price declined to $3.99 with 952,107 million shares trading.

PBI has a beta of 2.65, meaning it tends to be more sensitive to market movements. PBI has a correlation of 0.31 to the broad based SPY ETF.

PBI has a market cap of $704.35 million. This is considered a Small Cap stock.

Last quarter Pitney Bowes reported $872 million in Revenue and $.07 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.05.

In the last 3 years, PBI stock traded as high as $10.06 and as low as $2.30.

The top ETF exchange traded funds that PBI belongs to (by Net Assets): VTI, VB, VBR, IWM, VXF.

PBI has underperformed the market in the last year with a price return of +9.7% while the SPY ETF gained +21.2%. PBI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.7% and -4.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

PBI support price is $3.90 and resistance is $4.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBI stock will trade within this expected range on the day.