Primo Water Corporation (NYSE: PRMW) kicked off on January 24, 2023, at the price of $14.97, up 3.44% from the previous trading day. During the day, the shares moved up to $15.37 and dropped to $14.69 before settling in for the closing price of $14.84. Over the past 52 weeks, PRMW has traded in a range of $12.15-$17.22.
Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 5.00%. While this was happening, its average annual earnings per share was recorded 98.00%. With a float of $155.63 million, this company’s outstanding shares have now reached $161.12 million.
Considering the fact that the conglomerate employs 9230 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +55.82, operating margin of +6.05, and the pretax margin is +0.30.
Primo Water Corporation (PRMW) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Beverages – Non-Alcoholic Industry. The insider ownership of Primo Water Corporation is 1.50%, while institutional ownership is 74.30%. The most recent insider transaction that took place on Jan 09, was worth 1,458,291. In this transaction Director of this company sold 90,463 shares at a rate of $16.12, taking the stock ownership to the 1,268,770 shares. Before that another transaction happened on Jan 06, when Company’s Director sold 3,760 for $16.00, making the entire transaction worth $60,159. This insider now owns 1,268,770 shares in total.
Primo Water Corporation (PRMW) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/29/2022, the organization reported $0.22 earnings per share (EPS), higher than consensus estimate (set at $0.22) by $0. This company achieved a net margin of -0.15 while generating a return on equity of -0.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 98.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.22% during the next five years compared to 46.90% growth over the previous five years of trading.
Primo Water Corporation (NYSE: PRMW) Trading Performance Indicators
Take a look at Primo Water Corporation’s (PRMW) current performance indicators. Last quarter, stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.12. Likewise, its price to free cash flow for the trailing twelve months is 136.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.89 in one year’s time.
Technical Analysis of Primo Water Corporation (PRMW)
Compared to the last year’s volume of 0.89 million, its volume of 0.97 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 31.94%. Additionally, its Average True Range was 0.40.
During the past 100 days, Primo Water Corporation’s (PRMW) raw stochastic average was set at 73.82%, which indicates a significant increase from 41.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.84% in the past 14 days, which was lower than the 33.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.29, while its 200-day Moving Average is $14.09. Nevertheless, the first resistance level for the watch stands at $15.58 in the near term. At $15.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.26. If the price goes on to break the first support level at $14.90, it is likely to go to the next support level at $14.46. Should the price break the second support level, the third support level stands at $14.22.
Primo Water Corporation (NYSE: PRMW) Key Stats
The company with the Market Capitalisation of 2.47 billion has total of 159,788K Shares Outstanding. Its annual sales at the moment are 2,073 M in contrast with the sum of -3,200 K annual income. Company’s last quarter sales were recorded 584,600 K and last quarter income was 1,300 K.