In the past week, PRMW stock has gone up by 3.29%, with a monthly gain of 15.03% and a quarterly surge of 41.21%. The volatility ratio for the week is 2.00%, and the volatility levels for the last 30 days are 2.55% for Primo Water Corporation The simple moving average for the last 20 days is 5.25% for PRMW stock, with a simple moving average of 42.38% for the last 200 days.
Is It Worth Investing in Primo Water Corporation (NYSE: PRMW) Right Now?
The price-to-earnings ratio for Primo Water Corporation (NYSE: PRMW) is 39.64x, which is above its average ratio. Moreover, the 36-month beta value for PRMW is 1.10. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PRMW is 154.66M and currently, short sellers hold a 1.37% of that float. On June 05, 2024, PRMW’s average trading volume was 1.25M shares.
PRMW) stock’s latest price update
Primo Water Corporation (NYSE: PRMW) has seen a rise in its stock price by 0.48 in relation to its previous close of 22.78. However, the company has experienced a 3.29% gain in its stock price over the last five trading sessions. zacks.com reported 2024-05-31 that Primo Water’s (PRMW) rising earnings estimates and investments for strengthening its infrastructure to efficiently meet demand of its expanding organic customer base make it a good pick in utility space.
Analysts’ Opinion of PRMW
Many brokerage firms have already submitted their reports for PRMW stocks, with Raymond James repeating the rating for PRMW by listing it as a “Outperform.” The predicted price for PRMW in the upcoming period, according to Raymond James is $21 based on the research report published on April 03, 2024 of the current year 2024.
PRMW Trading at 15.98% 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 -0.95% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares surge +14.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.12% upper at present.
During the last 5 trading sessions, PRMW rose by +3.61%, which changed the moving average for the period of 200-days by +50.95% in comparison to the 20-day moving average, which settled at $21.89. In addition, Primo Water Corporation saw 52.09% 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:
- 0.09 for the present operating margin
- 0.63 for the gross margin
The net margin for Primo Water Corporation stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 6.42, with 2.43 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 0.3. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 3.0.
Currently, EBITDA for the company is 363.95 million with net debt to EBITDA at 2.18. When we switch over and look at the enterprise to sales, we see a ratio of 2.17. The receivables turnover for the company is 13.13for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
To wrap up, the performance of Primo Water Corporation (PRMW) has been better in recent times. The stock has received a bullish of “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.
