The price-to-earnings ratio for Premier Inc (NASDAQ: PINC) is above average at 15.15x. The 36-month beta value for PINC is also noteworthy at 0.39. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for PINC is 118.75M, and at present, short sellers hold a 3.73% of that float. The average trading volume of PINC on April 25, 2024 was 1.72M shares.
PINC) stock’s latest price update
Premier Inc (NASDAQ: PINC)’s stock price has plunge by 0.43relation to previous closing price of 21.03. Nevertheless, the company has seen a 2.33% surge in its stock price over the last five trading sessions. Business Wire reported 2024-04-16 that CHARLOTTE, N.C.–(BUSINESS WIRE)–Premier, Inc. (NASDAQ: PINC) today announced that it will release financial results for its fiscal 2024 third quarter on Tuesday, May 7, 2024, at approximately 6:30 a.m. ET. The company will also host a conference call at 8:00 a.m. ET to discuss its financial results. The live webcast and replay will be available in the Investors section of the company’s website at Events & Presentations. The webcast should be accessed 10 minutes prior to the conference cal.
PINC’s Market Performance
PINC’s stock has risen by 2.33% in the past week, with a monthly drop of -2.09% and a quarterly drop of -3.39%. The volatility ratio for the week is 1.64% while the volatility levels for the last 30 days are 1.93% for Premier Inc The simple moving average for the last 20 days is -0.37% for PINC stock, with a simple moving average of -4.93% for the last 200 days.
Analysts’ Opinion of PINC
Many brokerage firms have already submitted their reports for PINC stocks, with Leerink Partners repeating the rating for PINC by listing it as a “Market Perform.” The predicted price for PINC in the upcoming period, according to Leerink Partners is $22.50 based on the research report published on February 26, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see PINC reach a price target of $22. The rating they have provided for PINC stocks is “Equal Weight” according to the report published on January 03rd, 2024.
Piper Sandler gave a rating of “Neutral” to PINC, setting the target price at $25 in the report published on August 23rd of the previous year.
PINC Trading at -0.69% from the 50-Day Moving Average
After a stumble in the market that brought PINC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.11% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -2.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.30% lower at present.
During the last 5 trading sessions, PINC rose by +2.33%, which changed the moving average for the period of 200-days by -21.49% in comparison to the 20-day moving average, which settled at $21.17. In addition, Premier Inc saw -5.55% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PINC
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.67 for the gross margin
The net margin for Premier Inc stands at 0.13. The total capital return value is set at 0.07. Equity return is now at value 7.13, with 4.54 for asset returns.
Based on Premier Inc (PINC), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.68. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 22.89.
Currently, EBITDA for the company is 398.26 million with net debt to EBITDA at -0.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The receivables turnover for the company is 2.9for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In summary, Premier Inc (PINC) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
