Previous Close | 23.14 |
Open | 23.40 |
Bid | 20.41 x 1400 |
Ask | 20.50 x 900 |
Day's Range | 19.55 - 20.55 |
52 Week Range | 16.14 - 81.77 |
Volume | |
Avg. Volume | 13,561,685 |
Market Cap | 13.337B |
Beta (5Y Monthly) | 1.19 |
PE Ratio (TTM) | 39.86 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Week to date, shares of Pinterest (NYSE: PINS) were trading down 12.4% as of 12:46 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Pinterest and other social media companies make their money from advertising revenue, so a "deteriorating" economic picture, as Snap described it, means less demand from brands that can't count on consumers to buy their advertised goods. Year to date, Pinterest shares are down 45%.
Pinterest (PINS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Shares of Pinterest (NYSE: PINS) spiked today on seemingly no company-specific news. Instead, it appears that investors are rushing back to the stock following its massive sell-off yesterday. On Tuesday, the social media company Snap lowered its earnings and revenue estimates for its second quarter as its CEO Evan Spiegel said that "the macro environment has deteriorated further and faster than we anticipated when we issued our quarterly guidance last month."