In the past week, PMEC stock has gone down by -2.75%, with a monthly gain of 7.54% and a quarterly surge of 13.12%. The volatility ratio for the week is 4.99%, and the volatility levels for the last 30 days are 8.87% for Primech Holdings Ltd. The simple moving average for the past 20 days is -6.14% for PMEC’s stock, with a -36.41% simple moving average for the past 200 days.
Is It Worth Investing in Primech Holdings Ltd (NASDAQ: PMEC) Right Now?
The 36-month beta value for PMEC is also noteworthy at 2.78.
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The public float for PMEC is 6.76M, and at present, short sellers hold a 2.28% of that float. The average trading volume of PMEC on November 05, 2024 was 134.35K shares.
PMEC) stock’s latest price update
Primech Holdings Ltd (NASDAQ: PMEC)’s stock price has gone decline by -11.31 in comparison to its previous close of 0.79, however, the company has experienced a -2.75% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-11-04 that SINGAPORE, Nov. 04, 2024 (GLOBE NEWSWIRE) — Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”) and its subsidiary, Primech AI, are pleased to announce new strategic partnerships with Unity Group Holdings International Limited (1539.HK) (“Unity Group”), a renowned provider of energy solutions listed on the Hong Kong Stock Exchange. These partnerships, formalized through separate Memorandums of Understanding (MOUs), aim to harness Unity Group’s energy expertise and Primech AI’s robotic innovations to drive sustainability and technological advancements in their respective fields.
PMEC Trading at -1.12% 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 -83.25% of loss for the given period.
Volatility was left at 8.87%, however, over the last 30 days, the volatility rate increased by 4.99%, as shares surge +7.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.09% upper at present.
During the last 5 trading sessions, PMEC fell by -2.75%, which changed the moving average for the period of 200-days by -63.15% in comparison to the 20-day moving average, which settled at $0.7460. In addition, Primech Holdings Ltd saw -70.83% 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 0.55. 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 summary, Primech Holdings Ltd (PMEC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
