Perimeter Solutions SA (PRM) Shares Up Despite Recent Market Volatility

Perimeter Solutions SA (NYSE: PRM)’s stock price has increased by 2.89 compared to its previous closing price of 7.62. However, the company has seen a 6.96% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-03 that Twenty dollars doesn’t stretch very far today—except when investing in these most undervalued stocks under $20 to buy in April. While inflation growth may be on the decline, the current cost of goods and services is still significantly higher than it was just two years ago.

Is It Worth Investing in Perimeter Solutions SA (NYSE: PRM) Right Now?

Perimeter Solutions SA (NYSE: PRM) has a price-to-earnings ratio that is above its average at 19.93x. The stock has a 36-month beta value of 1.98. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for PRM is 136.32M, and at present, short sellers hold a 2.32% of that float. On April 04, 2024, the average trading volume of PRM was 833.97K shares.

PRM’s Market Performance

PRM stock saw an increase of 6.96% in the past week, with a monthly gain of 26.86% and a quarterly increase of 70.81%. The volatility ratio for the week is 3.21%, and the volatility levels for the last 30 days are 3.82% for Perimeter Solutions SA (PRM). The simple moving average for the past 20 days is 18.90% for PRM’s stock, with a 56.44% simple moving average for the past 200 days.

Analysts’ Opinion of PRM

Many brokerage firms have already submitted their reports for PRM stocks, with UBS repeating the rating for PRM by listing it as a “Neutral.” The predicted price for PRM in the upcoming period, according to UBS is $4.25 based on the research report published on October 11, 2023 of the previous year 2023.

Morgan Stanley, on the other hand, stated in their research note that they expect to see PRM reach a price target of $14. The rating they have provided for PRM stocks is “Overweight” according to the report published on June 09th, 2022.

UBS gave a rating of “Buy” to PRM, setting the target price at $15 in the report published on April 14th of the previous year.

PRM Trading at 35.63% from the 50-Day Moving Average

After a stumble in the market that brought PRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.83% of loss for the given period.

Volatility was left at 3.82%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +30.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +80.65% upper at present.

During the last 5 trading sessions, PRM rose by +6.96%, which changed the moving average for the period of 200-days by +23.08% in comparison to the 20-day moving average, which settled at $6.69. In addition, Perimeter Solutions SA saw 70.43% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for PRM

Current profitability levels for the company are sitting at:

  • 0.29 for the present operating margin
  • 0.43 for the gross margin

The net margin for Perimeter Solutions SA stands at 0.21. The total capital return value is set at 0.04. Equity return is now at value 5.89, with 2.82 for asset returns.

Based on Perimeter Solutions SA (PRM), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 2.28.

Currently, EBITDA for the company is 199.63 million with net debt to EBITDA at 3.22. When we switch over and look at the enterprise to sales, we see a ratio of 5.54. The receivables turnover for the company is 7.8for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.56.

Conclusion

To sum up, Perimeter Solutions SA (PRM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Related Posts