Primech Holdings Ltd (NASDAQ: PMEC)’s stock price has decreased by -12.64 compared to its previous closing price of 0.71. However, the company has seen a 4.71% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-07-31 that Primech (NASDAQ: PMEC ) stock is rocketing higher on Wednesday alongside heavy pre-market trading of the facilities and stewarding services company’s shares. This has more than 7.6 million shares changing hands as of this writing.
Is It Worth Investing in Primech Holdings Ltd (NASDAQ: PMEC) Right Now?
The public float for PMEC is 4.56M, and currently, shorts hold a 13.70% of that float. The average trading volume for PMEC on August 13, 2024 was 1.99M shares.
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PMEC’s Market Performance
The stock of Primech Holdings Ltd (PMEC) has seen a 4.71% increase in the past week, with a 17.34% rise in the past month, and a -15.36% fall in the past quarter. The volatility ratio for the week is 14.54%, and the volatility levels for the past 30 days are at 14.80% for PMEC. The simple moving average for the past 20 days is 3.14% for PMEC’s stock, with a -61.25% simple moving average for the past 200 days.
PMEC Trading at 4.30% from the 50-Day Moving Average
After a stumble in the market that brought PMEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.12% of loss for the given period.
Volatility was left at 14.80%, however, over the last 30 days, the volatility rate increased by 14.54%, as shares surge +15.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.27% upper at present.
During the last 5 trading sessions, PMEC rose by +4.71%, which changed the moving average for the period of 200-days by -61.37% in comparison to the 20-day moving average, which settled at $0.6071. In addition, Primech Holdings Ltd saw -74.08% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PMEC
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.14 for the gross margin
The net margin for Primech Holdings Ltd stands at -0.04. The total capital return value is set at -0.24. Equity return is now at value -27.25, with -7.33 for asset returns.
Based on Primech Holdings Ltd (PMEC), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is -4.72.
Currently, EBITDA for the company is 1.3 million with net debt to EBITDA at -2.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 3.66for trailing twelve months and the total asset turnover is 1.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In conclusion, Primech Holdings Ltd (PMEC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
