Company’s 36-month beta value is 2.82.
The public float for PMEC is 6.76M, and currently, short sellers hold a 1.93% ratio of that floaft. The average trading volume of PMEC on December 03, 2024 was 80.03K shares.
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PMEC) stock’s latest price update
The stock of Primech Holdings Ltd (NASDAQ: PMEC) has increased by 17.02 when compared to last closing price of 0.73.Despite this, the company has seen a gain of 11.84% in its stock price over the last five trading days. globenewswire.com reported 2024-11-27 that SINGAPORE, Nov. 27, 2024 (GLOBE NEWSWIRE) — Primech Holdings Limited (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is eligible for an additional 180 calendar day period, or until May 12, 2025, to regain compliance with the Nasdaq’s minimum $1 bid price per share requirement.
PMEC’s Market Performance
Primech Holdings Ltd (PMEC) has seen a 11.84% rise in stock performance for the week, with a 11.84% gain in the past month and a 36.63% surge in the past quarter. The volatility ratio for the week is 10.63%, and the volatility levels for the past 30 days are at 11.99% for PMEC. The simple moving average for the past 20 days is 14.69% for PMEC’s stock, with a -13.76% simple moving average for the past 200 days.
PMEC Trading at 13.94% 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 -79.52% of loss for the given period.
Volatility was left at 11.99%, however, over the last 30 days, the volatility rate increased by 10.63%, as shares surge +7.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.84% upper at present.
During the last 5 trading sessions, PMEC rose by +11.84%, which changed the moving average for the period of 200-days by -58.54% in comparison to the 20-day moving average, which settled at $0.7411. In addition, Primech Holdings Ltd saw -64.58% 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 1.13. 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 -5.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. 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 a nutshell, Primech Holdings Ltd (PMEC) has experienced a mixed 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.
