With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.67 million shares. The 52-week range on PI shows that it touched its highest point at $239.88 and its lowest point at $96.69 during that stretch. It currently has a 1-year price target of $141.38. Beta for the stock currently stands at 1.97.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PI was down-trending over the past week, with a drop of -8.86%, but this was down by -32.16% over a month. Three-month performance dropped to -48.25% while six-month performance fell -42.52%. The stock lost -6.18% in the past year, while it has lost -34.86% so far this year. A look at the trailing 12-month EPS for PI yields 1.31 with Next year EPS estimates of 2.46. For the next quarter, that number is 0.08. This implies an EPS growth rate of -32.29% for this year and 72.53% for next year.
Float and Shares Shorts:
At present, 28.50 million PI shares are outstanding with a float of 27.42 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PI since 11 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.08954 being high and $2.04974 being low. For PI, this leads to a yearly average estimate of $2.06964. Based on analyst estimates, the high estimate for the next quarter is $0.73 and the low estimate is $0.44. The average estimate for the next quarter is thus $0.59.
