The stock of Premier Inc (PINC) has gone up by 0.40% for the week, with a 1.93% rise in the past month and a 2.76% rise in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are 2.20% for PINC. The simple moving average for the last 20 days is -0.72% for PINC stock, with a simple moving average of -2.44% for the last 200 days.
Is It Worth Investing in Premier Inc (NASDAQ: PINC) Right Now?
The price-to-earnings ratio for Premier Inc (NASDAQ: PINC) is above average at 31.27x. The 36-month beta value for PINC is also noteworthy at 0.40. 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.”
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The public float for PINC is 103.17M, and at present, short sellers hold a 7.12% of that float. The average trading volume of PINC on August 20, 2024 was 1.34M shares.
PINC) stock’s latest price update
Premier Inc (NASDAQ: PINC)’s stock price has increased by 0.30 compared to its previous closing price of 20.02. However, the company has seen a 0.40% increase in its stock price over the last five trading sessions. zacks.com reported 2024-08-20 that Although the revenue and EPS for Premier (PINC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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 4.07% 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 -22.98% of loss for the given period.
Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +1.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.48% upper at present.
During the last 5 trading sessions, PINC rose by +0.92%, which changed the moving average for the period of 200-days by +5.40% in comparison to the 20-day moving average, which settled at $20.24. In addition, Premier Inc saw -10.20% 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 McKasson Craig S., who sale 10,000 shares at the price of $20.00 back on Aug 14 ’24. After this action, McKasson Craig S. now owns 278,110 shares of Premier Inc, valued at $200,000 using the latest closing price.
McKasson Craig S., the Officer of Premier Inc, proposed sale 10,000 shares at $20.00 during a trade that took place back on Aug 14 ’24, which means that McKasson Craig S. is holding shares at $200,000 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 2.11. 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
In summary, Premier Inc (PINC) has had a mixed 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.
