The 36-month beta value for PMEC is at 3.05.
The public float for PMEC is 6.76M, and currently, shorts hold a 1.84% of that float. The average trading volume for PMEC on October 07, 2024 was 1.96M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PMEC) stock’s latest price update
The stock of Primech Holdings Ltd (NASDAQ: PMEC) has decreased by -13.31 when compared to last closing price of 0.75.Despite this, the company has seen a loss of -17.55% in its stock price over the last five trading days. globenewswire.com reported 2024-10-02 that Total Value Exceeding SG$5.6 million (US$4.3 million) SINGAPORE, Oct. 02, 2024 (GLOBE NEWSWIRE) — Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, is excited to announce several newly signed contracts, signaling robust growth and expanding opportunities across multiple sectors. With a total value exceeding SG$5.6 million (US$4.3 million), these new agreements underscore Primech’s ongoing commitment to delivering exceptional facility services that consistently exceed each client’s and sector’s unique demands.
PMEC’s Market Performance
Primech Holdings Ltd (PMEC) has seen a -17.55% fall in stock performance for the week, with a 8.48% gain in the past month and a 11.87% surge in the past quarter. The volatility ratio for the week is 11.24%, and the volatility levels for the past 30 days are at 11.52% for PMEC. The simple moving average for the past 20 days is -8.72% for PMEC’s stock, with a -47.29% simple moving average for the past 200 days.
PMEC Trading at -3.10% from the 50-Day Moving Average
After a stumble in the market that brought PMEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.42% of loss for the given period.
Volatility was left at 11.52%, however, over the last 30 days, the volatility rate increased by 11.24%, as shares surge +6.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.80% upper at present.
During the last 5 trading sessions, PMEC fell by -17.55%, which changed the moving average for the period of 200-days by -66.95% in comparison to the 20-day moving average, which settled at $0.7153. In addition, Primech Holdings Ltd saw -72.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PMEC
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.14 for the gross margin
The net margin for Primech Holdings Ltd stands at -0.04. The total capital return value is set at -0.24. Equity return is now at value -27.25, with -7.33 for asset returns.
The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is -4.72.
Currently, EBITDA for the company is 1.3 million with net debt to EBITDA at -2.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 3.66for trailing twelve months and the total asset turnover is 1.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In conclusion, Primech Holdings Ltd (PMEC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
