Perimeter Solutions SA (NYSE: PRM)’s stock price has decreased by -1.21 compared to its previous closing price of 13.20. However, the company has seen a -0.69% decrease in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-09-30 that Clayton, Missouri–(Newsfile Corp. – September 30, 2024) – Perimeter Solutions, SA (NYSE: PRM) (“Perimeter” or the “Company”), a leading provider of mission-critical firefighting products and services, as well as high-quality phosphorus-based specialty chemicals, today announced that the Company will permit holders of all outstanding warrants of the Company (“Warrants”) issued to investors in connection with its initial public offering (the “Warrant holders”) to exercise their Warrants on a cashless exercise basis beginning, it expects, on or around October 3, 2024. Warrant holders may continue to exercise their Warrants on a cash basis.
Is It Worth Investing in Perimeter Solutions SA (NYSE: PRM) Right Now?
Moreover, the 36-month beta value for PRM is 2.02. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PRM is 136.88M and currently, short sellers hold a 1.61% of that float. On October 04, 2024, PRM’s average trading volume was 749.78K shares.
PRM’s Market Performance
The stock of Perimeter Solutions SA (PRM) has seen a -0.69% decrease in the past week, with a 14.49% rise in the past month, and a 66.11% gain in the past quarter. The volatility ratio for the week is 4.34%, and the volatility levels for the past 30 days are at 3.59% for PRM. The simple moving average for the last 20 days is 5.84% for PRM stock, with a simple moving average of 70.03% for the last 200 days.
Analysts’ Opinion of PRM
Many brokerage firms have already submitted their reports for PRM stocks, with UBS repeating the rating for PRM by listing it as a “Neutral.” The predicted price for PRM in the upcoming period, according to UBS is $4.25 based on the research report published on October 11, 2023 of the previous year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see PRM reach a price target of $14. The rating they have provided for PRM stocks is “Overweight” according to the report published on June 09th, 2022.
UBS gave a rating of “Buy” to PRM, setting the target price at $15 in the report published on April 14th of the previous year.
PRM Trading at 16.70% from the 50-Day Moving Average
After a stumble in the market that brought PRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.61% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares surge +15.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.68% upper at present.
During the last 5 trading sessions, PRM fell by -0.69%, which changed the moving average for the period of 200-days by +197.04% in comparison to the 20-day moving average, which settled at $12.41. In addition, Perimeter Solutions SA saw 183.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRM starting from Valladares Jorge, who purchase 42,000 shares at the price of $7.15 back on Jun 11 ’24. After this action, Valladares Jorge now owns 14,000 shares of Perimeter Solutions SA, valued at $300,258 using the latest closing price.
Stock Fundamentals for PRM
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.45 for the gross margin
The net margin for Perimeter Solutions SA stands at -0.14. The total capital return value is set at 0.06. Equity return is now at value -4.88, with -2.33 for asset returns.
Based on Perimeter Solutions SA (PRM), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 3.28.
Currently, EBITDA for the company is 199.63 million with net debt to EBITDA at 8.04. When we switch over and look at the enterprise to sales, we see a ratio of 6.83. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.61.
Conclusion
To wrap up, the performance of Perimeter Solutions SA (PRM) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
