On Friday, Primo Water Corporation (NYSE: PRMW) opened higher 1.54% from the last session, before settling in for the closing price of $27.25. Price fluctuations for PRMW have ranged from $12.92 to $27.36 over the past 52 weeks.
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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. Company’s average yearly earnings per share was noted 55.74% at the time writing. With a float of $156.16 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. 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 Updates
A key investor’s attitude towards the stock of the Beverages – Non-Alcoholic industry is another important factor to consider. The insider ownership of Primo Water Corporation is 2.61%, while institutional ownership is 92.61%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.44 earnings per share (EPS) for the quarter, besting the agreed prediction (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 55.74% per share during the next fiscal year.
Primo Water Corporation (NYSE: PRMW) Trading Performance Indicators
Check out the current performance indicators for Primo Water Corporation (PRMW). In the past 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 2.22. Likewise, its price to free cash flow for the trailing twelve months is 15.90.
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 1.00 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 1.0 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 91.71%. Additionally, its Average True Range was 0.60.
During the past 100 days, Primo Water Corporation’s (PRMW) raw stochastic average was set at 98.17%, which indicates a significant increase from 95.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.29% in the past 14 days, which was lower than the 24.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.95, while its 200-day Moving Average is $20.08. However, in the short run, Primo Water Corporation’s stock first resistance to watch stands at $27.94. Second resistance stands at $28.22. The third major resistance level sits at $28.62. If the price goes on to break the first support level at $27.26, it is likely to go to the next support level at $26.86. Assuming the price breaks the second support level, the third support level stands at $26.58.
Primo Water Corporation (NYSE: PRMW) Key Stats
There are currently 160,794K shares outstanding in the company with a market cap of 4.44 billion. Presently, the company’s annual sales total 1,772 M according to its annual income of 238,100 K. Last quarter, the company’s sales amounted to 485,000 K and its income totaled 16,000 K.
