In the past week, PRMB stock has gone up by 6.93%, with a monthly gain of 5.55% and a quarterly surge of 26.67%. The volatility ratio for the week is 9.09%, and the volatility levels for the last 30 days are 3.88% for Primo Brands Corp The simple moving average for the last 20 days is 3.33% for PRMB stock, with a simple moving average of 31.31% for the last 200 days.
Is It Worth Investing in Primo Brands Corp (NYSE: PRMB) Right Now?
The price-to-earnings ratio for Primo Brands Corp (NYSE: PRMB) is above average at 52.53x. The 36-month beta value for PRMB is also noteworthy at 1.08.
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PRMB currently public float of 156.22M.The average trading volume of PRMB on November 13, 2024 was 1.64M shares.
PRMB) stock’s latest price update
Primo Brands Corp (NYSE: PRMB)’s stock price has plunge by 5.29relation to previous closing price of 25.50. Nevertheless, the company has seen a 6.93% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-11 that TAMPA, FL, Nov. 11, 2024 /PRNewswire/ – Primo Brands Corporation (NYSE: PRMB) (“Primo Brands” or the “Company”) today announced that Chief Executive Officer, Robbert Rietbroek, Chief Financial Officer, David Hass, and Chairman of the Board, Dean Metropoulos, will participate in an online webinar at the JP Morgan Opportunities Forum with J.P. Morgan analyst, Andrea Texiera, on Thursday, November 14, 2024.
PRMB Trading at 8.37% from the 50-Day Moving Average
After a stumble in the market that brought PRMB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.23% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 9.09%.
During the last 5 trading sessions, PRMB rose by +5.29%, in comparison to the 20-day moving average. In addition, Primo Brands Corp saw 84.16% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PRMB
Equity return is now at value 6.02, with 2.33 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.34.
Conclusion
In summary, Primo Brands Corp (PRMB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
