Primo Water Corporation (NYSE: PRMW) on Tuesday, plunged -0.39% from the previous trading day ,before settling in for the closing price of $17.97. Within the past 52 weeks, PRMW’s price has moved between $12.27 and $18.49.
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A company in the Consumer Defensive sector has dropped its sales by -4.62% annually for the last half of the decade. The company achieved an average annual earnings per share of 41.92%. With a float of $154.28 million, this company’s outstanding shares have now reached $159.48 million.
In an organization with 6400 employees, it is important to assess its efficiency.
Primo Water Corporation (PRMW) Insider Updates
Observing investor behavior towards Beverages – Non-Alcoholic industry stocks is more important than anything else. The insider ownership of Primo Water Corporation is 3.28%, while institutional ownership is 87.83%.
Primo Water Corporation (PRMW) Performance Highlights and Predictions
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.12 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.17) by -$0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.92% per share during the next fiscal year.
Primo Water Corporation (NYSE: PRMW) Trading Performance Indicators
Primo Water Corporation (PRMW) is currently performing well based on its current performance indicators. A quick ratio of 1.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30. Likewise, its price to free cash flow for the trailing twelve months is 13.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.46, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 1.07 in one year’s time.
Technical Analysis of Primo Water Corporation (PRMW)
Let’s dig in a bit further. During the last 5-days, its volume was 0.83 million. That was inferior than the volume of 1.02 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 31.30%. Additionally, its Average True Range was 0.33.
During the past 100 days, Primo Water Corporation’s (PRMW) raw stochastic average was set at 86.68%, which indicates a significant increase from 25.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.31% in the past 14 days, which was lower than the 22.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.42, while its 200-day Moving Average is $14.81. However, in the short run, Primo Water Corporation’s stock first resistance to watch stands at $18.06. Second resistance stands at $18.23. The third major resistance level sits at $18.40. If the price goes on to break the first support level at $17.72, it is likely to go to the next support level at $17.55. Assuming the price breaks the second support level, the third support level stands at $17.38.
Primo Water Corporation (NYSE: PRMW) Key Stats
Market capitalization of the company is 2.86 billion based on 160,794K outstanding shares. Right now, sales total 1,772 M and income totals 238,100 K. The company made 10,000 K in profit during its latest quarter, and 177,600 K in sales during its previous quarter.
