Primo Water Corporation (NYSE: PRMW) on Tuesday, soared 0.84% from the previous trading day, before settling in for the closing price of $21.50. Within the past 52 weeks, PRMW’s price has moved between $12.92 and $25.60.
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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 55.82%. With a float of $155.02 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 and Institutional Ownership
Observing investor behavior towards Beverages – Non-Alcoholic industry stocks is more important than anything else. The insider ownership of Primo Water Corporation is 3.30%, while institutional ownership is 90.75%. The most recent insider transaction that took place on Jun 17 ’24, was worth 50. In this transaction Director of this company bought 2 shares at a rate of $24.99, taking the stock ownership to the 1,105,640 shares.
Primo Water Corporation (PRMW) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 55.82% 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 2.07 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 1.74. Likewise, its price to free cash flow for the trailing twelve months is 12.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.05 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 0.93 million. That was inferior than the volume of 1.2 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 67.95%. Additionally, its Average True Range was 0.56.
During the past 100 days, Primo Water Corporation’s (PRMW) raw stochastic average was set at 52.88%, which indicates a significant decrease from 72.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.79% in the past 14 days, which was higher than the 19.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.72, while its 200-day Moving Average is $17.86. However, in the short run, Primo Water Corporation’s stock first resistance to watch stands at $21.79. Second resistance stands at $21.91. The third major resistance level sits at $22.11. If the price goes on to break the first support level at $21.48, it is likely to go to the next support level at $21.28. The third support level lies at $21.16 if the price breaches the second support level.
Primo Water Corporation (NYSE: PRMW) Key Stats
Market capitalization of the company is 3.48 billion based on 160,794K outstanding shares. Right now, sales total 1,772 M and income totals 238,100 K. The company made 485,000 K in profit during its latest quarter, and 16,000 K in sales during its previous quarter.
