Premier Inc (NASDAQ: PINC)’s stock price has plunge by -1.35relation to previous closing price of 20.74. Nevertheless, the company has seen a 3.07% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-30 that PITTSBURGH, Aug. 30, 2024 /PRNewswire/ — Federated Hermes Premier Municipal Income Fund (NYSE: FMN) today announced that (subject to certain conditions) it will commence a cash tender offer for up to 32% of its outstanding common shares. The tender offer will provide all shareholders the opportunity to tender some or all of their common shares at a price per common share of 99% of the fund’s net asset value (NAV) per share as determined on the day the tender offer expires or the preceding business day.
Is It Worth Investing in Premier Inc (NASDAQ: PINC) Right Now?
Premier Inc (NASDAQ: PINC) has a higher price-to-earnings ratio of 19.71x compared to its average ratio. PINC has 36-month beta value of 0.40. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PINC is 98.65M, and currently, short sellers hold a 7.08% ratio of that float. The average trading volume of PINC on September 06, 2024 was 1.33M shares.
PINC’s Market Performance
The stock of Premier Inc (PINC) has seen a 3.07% increase in the past week, with a 3.49% rise in the past month, and a 8.89% gain in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.48% for PINC. The simple moving average for the last 20 days is 1.96% for PINC stock, with a simple moving average of -0.76% for the last 200 days.
Analysts’ Opinion of PINC
Canaccord Genuity, on the other hand, stated in their research note that they expect to see PINC reach a price target of $21, previously predicting the price at $27. The rating they have provided for PINC stocks is “Hold” according to the report published on May 08th, 2024.
Leerink Partners gave a rating of “Market Perform” to PINC, setting the target price at $22.50 in the report published on February 26th of the current year.
PINC Trading at 3.95% 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 -15.70% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +4.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.77% upper at present.
During the last 5 trading sessions, PINC rose by +3.07%, which changed the moving average for the period of 200-days by -0.29% in comparison to the 20-day moving average, which settled at $20.11. In addition, Premier Inc saw -8.50% 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 Alkire Michael J., who sale 19,362 shares at the price of $20.83 back on Sep 04 ’24. After this action, Alkire Michael J. now owns 578,143 shares of Premier Inc, valued at $403,310 using the latest closing price.
Alkire Michael J., the Officer of Premier Inc, proposed sale 19,362 shares at $20.83 during a trade that took place back on Sep 04 ’24, which means that Alkire Michael J. is holding shares at $403,372 based on the most recent closing price.
Stock Fundamentals for PINC
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.64 for the gross margin
The net margin for Premier Inc stands at 0.09. The total capital return value is set at 0.06. Equity return is now at value 5.56, with 3.51 for asset returns.
Based on Premier Inc (PINC), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 2.35. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 116.85.
Currently, EBITDA for the company is 286.09 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.52. The receivables turnover for the company is 2.91for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To put it simply, Premier Inc (PINC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
