Primo Water Corporation (PRMW) Shares Decline Despite Market Challenges

Primo Water Corporation (NYSE: PRMW)’s stock price has dropped by -0.82 in relation to previous closing price of 18.21. Nevertheless, the company has seen a loss of -0.44% in its stock price over the last five trading days. InvestorPlace reported 2024-04-03 that While there’s much discussion about precious resources these days given heightened inflation concerns, there’s nothing more critical than water, which brings us to the best water stocks to buy in April. Simply stated, no alternative to water exists.

Is It Worth Investing in Primo Water Corporation (NYSE: PRMW) Right Now?

The price-to-earnings ratio for Primo Water Corporation (NYSE: PRMW) is above average at 39.19x. The 36-month beta value for PRMW is also noteworthy at 1.12. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”

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The public float for PRMW is 153.41M, and at present, short sellers hold a 1.85% of that float. The average trading volume of PRMW on April 04, 2024 was 1.04M shares.

PRMW’s Market Performance

PRMW’s stock has seen a -0.44% decrease for the week, with a 11.41% rise in the past month and a 17.58% gain in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.85% for Primo Water Corporation The simple moving average for the last 20 days is 2.99% for PRMW’s stock, with a simple moving average of 22.97% for the last 200 days.

PRMW Trading at 12.20% from the 50-Day Moving Average

After a stumble in the market that brought PRMW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.33% of loss for the given period.

Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +11.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.36% upper at present.

During the last 5 trading sessions, PRMW fell by -0.44%, which changed the moving average for the period of 200-days by +38.39% in comparison to the 20-day moving average, which settled at $17.63. In addition, Primo Water Corporation saw 20.00% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for PRMW

Current profitability levels for the company are sitting at:

  • 0.08 for the present operating margin
  • 0.62 for the gross margin

The net margin for Primo Water Corporation stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 5.42, with 2.05 for asset returns.

Based on Primo Water Corporation (PRMW), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 2.5.

Currently, EBITDA for the company is 363.95 million with net debt to EBITDA at 2.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.72. The receivables turnover for the company is 14.26for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.

Conclusion

In summary, Primo Water Corporation (PRMW) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.

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