The stock of Primech Holdings Ltd (NASDAQ: PMEC) has decreased by -14.76 when compared to last closing price of 3.59.Despite this, the company has seen a loss of -17.07% in its stock price over the last five trading days.

Is It Worth Investing in Primech Holdings Ltd (NASDAQ: PMEC) Right Now?

Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for PMEC is 4.26M, and currently, short sellers hold a 4.45% ratio of that floaft. The average trading volume of PMEC on November 21, 2023 was 670.99K shares.

PMEC’s Market Performance

The volatility ratio for the week is 12.74%, and the volatility levels for the last 30 days are 17.61% for Primech Holdings Ltd (PMEC). The simple moving average for the past 20 days is 8.73% for PMEC’s stock, with a 28.88% simple moving average for the past 200 days.

PMEC Trading at 28.88% from the 50-Day Moving Average

After a stumble in the market that brought PMEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.79% of loss for the given period.

Volatility was left at 17.61%, however, over the last 30 days, the volatility rate increased by 12.74%, as shares surge +91.25% for the moving average over the last 20 days.

During the last 5 trading sessions, PMEC fell by -17.07%, in comparison to the 20-day moving average, which settled at $2.89. In addition, Primech Holdings Ltd saw 106.76% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for PMEC

Current profitability levels for the company are sitting at:

• -9.21 for the present operating margin
• +5.35 for the gross margin

The net margin for Primech Holdings Ltd stands at -3.67. The total capital return value is set at -23.35, while invested capital returns managed to touch -13.50. Equity return is now at value -25.37, with -6.66 for asset returns.

Based on Primech Holdings Ltd (PMEC), the company’s capital structure generated 254.69 points at debt to equity in total, while total debt to capital is 71.81. Total debt to assets is 52.21, with long-term debt to equity ratio resting at 99.55. Finally, the long-term debt to capital ratio is 28.07.

The receivables turnover for the company is 4.93 and the total asset turnover is 1.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.

Conclusion

In a nutshell, Primech Holdings Ltd (PMEC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.