Primoris Services Corp (NYSE: PRIM) has a price-to-earnings ratio of 26.17x that is above its average ratio. Additionally, the 36-month beta value for PRIM is 1.15. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for PRIM is 53.16M and currently, short sellers hold a 3.15% ratio of that float. The average trading volume of PRIM on January 09, 2025 was 698.70K shares.
PRIM) stock’s latest price update
Primoris Services Corp (NYSE: PRIM)’s stock price has soared by 1.17 in relation to previous closing price of 78.02. Nevertheless, the company has seen a gain of 3.31% in its stock price over the last five trading days. businesswire.com reported 2025-01-07 that DALLAS–(BUSINESS WIRE)–(NYSE: PRIM) (“Primoris” or “the Company”), a premier specialty contractor providing critical infrastructure services, announced today that Jeremy Kinch, previously President of Energy, has been promoted to Chief Operations Support Officer. In this new role, Mr. Kinch will oversee operational support functions including information technology, real estate, fleet, project services and health, safety and environment. Mr. Kinch has over twenty-five years’ experience in the.
PRIM’s Market Performance
Primoris Services Corp (PRIM) has experienced a 3.31% rise in stock performance for the past week, with a -4.50% drop in the past month, and a 30.05% rise in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 3.67% for PRIM. The simple moving average for the past 20 days is -0.40% for PRIM’s stock, with a 34.15% simple moving average for the past 200 days.
Analysts’ Opinion of PRIM
Many brokerage firms have already submitted their reports for PRIM stocks, with Guggenheim repeating the rating for PRIM by listing it as a “Buy.” The predicted price for PRIM in the upcoming period, according to Guggenheim is $102 based on the research report published on January 08, 2025 of the current year 2025.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see PRIM reach a price target of $96. The rating they have provided for PRIM stocks is “Overweight” according to the report published on December 11th, 2024.
JP Morgan gave a rating of “Overweight” to PRIM, setting the target price at $71 in the report published on October 07th of the previous year.
PRIM Trading at 0.84% from the 50-Day Moving Average
After a stumble in the market that brought PRIM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.11% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares surge +0.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.33% upper at present.
During the last 5 trading sessions, PRIM rose by +3.31%, which changed the moving average for the period of 200-days by +92.84% in comparison to the 20-day moving average, which settled at $79.25. In addition, Primoris Services Corp saw 3.31% 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 PRIM starting from STRICKER TRAVIS L, who sale 4,583 shares at the price of $80.51 back on Dec 12 ’24. After this action, STRICKER TRAVIS L now owns 6,006 shares of Primoris Services Corp, valued at $368,957 using the latest closing price.
STRICKER TRAVIS L, the Officer of Primoris Services Corp, proposed sale 4,583 shares at $80.61 during a trade that took place back on Dec 12 ’24, which means that STRICKER TRAVIS L is holding shares at $369,436 based on the most recent closing price.
Stock Fundamentals for PRIM
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.11 for the gross margin
The net margin for Primoris Services Corp stands at 0.03. The total capital return value is set at 0.12. Equity return is now at value 12.88, with 4.09 for asset returns.
Based on Primoris Services Corp (PRIM), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 4.09.
Currently, EBITDA for the company is 362.88 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 0.85. The receivables turnover for the company is 3.52for trailing twelve months and the total asset turnover is 1.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In conclusion, Primoris Services Corp (PRIM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
