Premier Inc (NASDAQ: PINC) has a higher price-to-earnings ratio of 19.61x 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.”
The public float for PINC is 98.64M, and currently, short sellers hold a 8.01% ratio of that float. The average trading volume of PINC on September 20, 2024 was 1.25M shares.
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PINC) stock’s latest price update
Premier Inc (NASDAQ: PINC)’s stock price has decreased by -0.63 compared to its previous closing price of 20.48. However, the company has seen a 2.99% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-18 that CALGARY, Alberta, Sept. 18, 2024 (GLOBE NEWSWIRE) — James (Jim) Viccars (“James”) announces that he has filed an early warning report (the “Early Warning Report”) under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the closing of the previously announced reverse takeover (the “Transaction” or the “RTO”) whereby James acquired shares of Premier Diversified Holdings Inc. (the “Company” or “PDH”).
PINC’s Market Performance
Premier Inc (PINC) has experienced a 2.99% rise in stock performance for the past week, with a 0.59% rise in the past month, and a 11.45% rise in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.28% for PINC. The simple moving average for the last 20 days is 0.70% for PINC stock, with a simple moving average of -1.15% 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 1.62% 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 -11.56% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.60% upper at present.
During the last 5 trading sessions, PINC rose by +2.99%, which changed the moving average for the period of 200-days by -2.49% in comparison to the 20-day moving average, which settled at $20.22. In addition, Premier Inc saw -8.99% 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 proposed sale 10,000 shares at the price of $20.41 back on Sep 18 ’24. After this action, McKasson Craig S. now owns shares of Premier Inc, valued at $204,100 using the latest closing price.
Brailo Andy, the Chief Commercial Officer of Premier Inc, sale 17,000 shares at $20.41 during a trade that took place back on Sep 09 ’24, which means that Brailo Andy is holding 87,410 shares at $346,970 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 1.51. 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.
