The stock of Premier Inc (NASDAQ: PINC) has decreased by -1.50 when compared to last closing price of 19.39.Despite this, the company has seen a loss of -3.78% in its stock price over the last five trading days. proactiveinvestors.co.uk reported 2024-10-03 that Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) announced £550,000 has been raised as the company explores options for its Zulu lithium project. Some 1,746,031,746 new shares of 0.0315 pence each have been issued, Premier said in a statement on Thursday.
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 18.40x, Company’s 36-month beta value is 0.40.Analysts have differing opinions 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 98.67M, and currently, short sellers hold a 7.19% ratio of that floaft. The average trading volume of PINC on October 04, 2024 was 1.05M shares.
PINC’s Market Performance
The stock of Premier Inc (PINC) has seen a -3.78% decrease in the past week, with a -7.91% drop in the past month, and a 3.92% gain in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 2.54% for PINC. The simple moving average for the last 20 days is -4.33% for PINC’s stock, with a simple moving average of -6.86% 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 -5.11% 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 -16.99% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -6.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.49% lower at present.
During the last 5 trading sessions, PINC fell by -3.78%, which changed the moving average for the period of 200-days by -13.89% in comparison to the 20-day moving average, which settled at $19.90. In addition, Premier Inc saw -14.58% 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 Anderson Leigh, who sale 20,000 shares at the price of $19.62 back on Oct 01 ’24. After this action, Anderson Leigh now owns 131,707 shares of Premier Inc, valued at $392,400 using the latest closing price.
Alkire Michael J., the President & CEO of Premier Inc, sale 1,264 shares at $20.01 during a trade that took place back on Sep 30 ’24, which means that Alkire Michael J. is holding 558,143 shares at $25,293 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 1.42. 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
In a nutshell, Premier Inc (PINC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
