Primo Water Corporation (NYSE: PRMW) has a price-to-earnings ratio that is above its average at 38.16x. The stock has a 36-month beta value of 1.09. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PRMW is 154.96M, and at present, short sellers hold a 1.37% of that float. On June 25, 2024, the average trading volume of PRMW was 1.34M shares.
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PRMW) stock’s latest price update
The stock price of Primo Water Corporation (NYSE: PRMW) has surged by 0.64 when compared to previous closing price of 21.90, but the company has seen a -3.29% decline in its stock price over the last five trading sessions. zacks.com reported 2024-06-21 that Primo (PRMW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
PRMW’s Market Performance
Primo Water Corporation (PRMW) has experienced a -3.29% fall in stock performance for the past week, with a -0.54% drop in the past month, and a 20.11% rise in the past quarter. The volatility ratio for the week is 5.34%, and the volatility levels for the past 30 days are at 2.78% for PRMW. The simple moving average for the last 20 days is -2.27% for PRMW stock, with a simple moving average of 33.07% for the last 200 days.
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 5.40% 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 -13.93% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 5.34%, as shares sank -2.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.95% upper at present.
During the last 5 trading sessions, PRMW fell by -2.90%, which changed the moving average for the period of 200-days by +47.53% in comparison to the 20-day moving average, which settled at $22.53. In addition, Primo Water Corporation saw 46.44% 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 2.11. 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 sum up, Primo Water Corporation (PRMW) has seen a mixed 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.
