Premier Inc (NASDAQ: PINC) has a price-to-earnings ratio that is above its average at 28.53x. The stock has a 36-month beta value of 0.41. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PINC is 103.68M, and at present, short sellers hold a 6.31% of that float. On July 04, 2024, the average trading volume of PINC was 1.62M shares.
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PINC) stock’s latest price update
Premier Inc (NASDAQ: PINC) has seen a decline in its stock price by -0.97 in relation to its previous close of 18.50. However, the company has experienced a -0.97% decline in its stock price over the last five trading sessions. proactiveinvestors.co.uk reported 2024-06-28 that Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) said that last year’s combination of the pullback in SC6 lithium pricing coupled with the delays in getting Zulu into production have not changed the medium and long-term fundamentals of the project. Once matters have been addressed at Zulu, Premier expects that its other projects will see serious attention in the coming year to realise a return closer to original investments than the value in its latest accounts.
PINC’s Market Performance
PINC’s stock has fallen by -0.97% in the past week, with a monthly drop of -4.03% and a quarterly drop of -12.43%. The volatility ratio for the week is 1.54% while the volatility levels for the last 30 days are 1.62% for Premier Inc The simple moving average for the past 20 days is -1.21% for PINC’s stock, with a -11.67% simple moving average for the past 200 days.
Analysts’ Opinion of PINC
Many brokerage firms have already submitted their reports for PINC stocks, with Canaccord Genuity repeating the rating for PINC by listing it as a “Hold.” The predicted price for PINC in the upcoming period, according to Canaccord Genuity is $21 based on the research report published on May 08, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see PINC reach a price target of $22.50. The rating they have provided for PINC stocks is “Market Perform” according to the report published on February 26th, 2024.
Barclays gave a rating of “Equal Weight” to PINC, setting the target price at $22 in the report published on January 03rd of the current year.
PINC Trading at -5.50% 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 -35.27% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -2.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.73% lower at present.
During the last 5 trading sessions, PINC fell by -0.70%, which changed the moving average for the period of 200-days by -16.23% in comparison to the 20-day moving average, which settled at $18.52. In addition, Premier Inc saw -18.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PINC starting from Anderson Leigh, who sale 20,000 shares at the price of $18.63 back on Jul 01 ’24. After this action, Anderson Leigh now owns 163,928 shares of Premier Inc, valued at $372,600 using the latest closing price.
Klatsky David L, the General Counsel of Premier Inc, sale 13,339 shares at $18.55 during a trade that took place back on Jun 10 ’24, which means that Klatsky David L is holding 92,001 shares at $247,438 based on the most recent closing price.
Stock Fundamentals for PINC
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.65 for the gross margin
The net margin for Premier Inc stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 3.77, with 2.34 for asset returns.
Based on Premier Inc (PINC), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 22.31.
Currently, EBITDA for the company is 398.26 million with net debt to EBITDA at 3.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.96. The receivables turnover for the company is 2.93for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To sum up, Premier Inc (PINC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
