On Tuesday, Primo Water Corporation (NYSE: PRMW) was -1.06% drop from the session before settling in for the closing price of $23.59. A 52-week range for PRMW has been $12.92 – $25.60.
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Annual sales at Consumer Defensive sector company slipped by -4.62% over the past five years. When this article was written, the company’s average yearly earnings per share was at 55.82%. With a float of $155.02 million, this company’s outstanding shares have now reached $159.48 million.
Let’s look at the performance matrix of the company that is accounted for 6400 employees. In terms of profitability, gross margin is 64.06%, operating margin of 10.09%, and the pretax margin is 6.1%.
Primo Water Corporation (PRMW) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Primo Water Corporation stocks. The insider ownership of Primo Water Corporation is 3.30%, while institutional ownership is 92.60%. 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
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.44 earnings per share (EPS) during the time that was better than consensus figure (set at 0.36) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.
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
You can see what Primo Water Corporation (PRMW) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.87. Likewise, its price to free cash flow for the trailing twelve months is 13.41.
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)
Primo Water Corporation (NYSE: PRMW) saw its 5-day average volume 1.27 million, a positive change from its year-to-date volume of 1.18 million. As of the previous 9 days, the stock’s Stochastic %D was 69.33%. Additionally, its Average True Range was 0.56.
During the past 100 days, Primo Water Corporation’s (PRMW) raw stochastic average was set at 70.91%, which indicates a significant increase from 68.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.59% in the past 14 days, which was higher than the 23.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.67, while its 200-day Moving Average is $18.63. Nevertheless, the first resistance level for the watch stands at $23.59 in the near term. At $23.85, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.03. If the price goes on to break the first support level at $23.15, it is likely to go to the next support level at $22.97. The third support level lies at $22.71 if the price breaches the second support level.
Primo Water Corporation (NYSE: PRMW) Key Stats
There are 160,794K outstanding shares of the company, which has a market capitalization of 3.74 billion. As of now, sales total 1,772 M while income totals 238,100 K. Its latest quarter income was 485,000 K while its last quarter net income were 16,000 K.
