PRM has 36-month beta value of 1.99. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PRM is 136.85M, and currently, short sellers hold a 1.59% ratio of that float. The average trading volume of PRM on November 12, 2024 was 668.77K shares.
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PRM) stock’s latest price update
Perimeter Solutions SA (NYSE: PRM)’s stock price has dropped by -11.86 in relation to previous closing price of 14.08. Nevertheless, the company has seen a loss of -8.07% in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-12 that Strong financial results driven by rigorous operational value driver implementation as well as normalization of key end-markets Continued aggressive capital and operational investments to support our customers’ critical missions in 2024 and beyond Well positioned for capital allocation with >$200M of balance sheet cash and ~1.7x LTM net leverage Clayton, Missouri–(Newsfile Corp. – November 12, 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 specialty chemicals, today reported financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Results Net sales increased 102% to $288.4 million in the third quarter, as compared to $142.7 million in the prior year quarter.
PRM’s Market Performance
Perimeter Solutions SA (PRM) has experienced a -8.07% fall in stock performance for the past week, with a -4.39% drop in the past month, and a 19.21% rise in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are at 3.03% for PRM. The simple moving average for the last 20 days is -7.99% for PRM’s stock, with a simple moving average of 38.46% 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 -3.51% 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 -14.06% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -7.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.11% upper at present.
During the last 5 trading sessions, PRM fell by -9.93%, which changed the moving average for the period of 200-days by +156.54% in comparison to the 20-day moving average, which settled at $13.47. In addition, Perimeter Solutions SA saw 169.78% 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 6.63. 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 put it simply, Perimeter Solutions SA (PRM) has had a mixed performance in recent times. Analysts have a mixed 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.
