A new trading day began on Friday, with Primo Water Corporation (NYSE: PRMW) stock price up 1.14% from the previous day of trading, before settling in for the closing price of $26.23. PRMW’s price has ranged from $12.97 to $28.06 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Defensive sector was -4.62%. Meanwhile, its annual earnings per share averaged 50.75%. With a float of $156.16 million, this company’s outstanding shares have now reached $159.48 million.
Considering the fact that the conglomerate employs 6400 people, you should pay attention to its efficiency factor. 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Beverages – Non-Alcoholic Industry. The insider ownership of Primo Water Corporation is 2.61%, while institutional ownership is 92.64%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 50.75% per share during the next fiscal year.
Primo Water Corporation (NYSE: PRMW) Trading Performance Indicators
Here are Primo Water Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.01. Likewise, its price to free cash flow for the trailing twelve months is 21.51.
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)
Compared to the last year’s volume of 1.23 million, its volume of 2.9 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 12.41%. Additionally, its Average True Range was 0.56.
During the past 100 days, Primo Water Corporation’s (PRMW) raw stochastic average was set at 80.63%, which indicates a significant increase from 19.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.39% in the past 14 days, which was lower than the 24.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.01, while its 200-day Moving Average is $20.71. Nevertheless, the first resistance level for the watch stands at $26.73 in the near term. At $26.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.22. If the price goes on to break the first support level at $26.24, it is likely to go to the next support level at $25.95. Should the price break the second support level, the third support level stands at $25.75.
Primo Water Corporation (NYSE: PRMW) Key Stats
With a market capitalization of 6.00 billion, the company has a total of 160,313K Shares Outstanding. Currently, annual sales are 1,772 M while annual income is 238,100 K. The company’s previous quarter sales were 485,000 K while its latest quarter income was 16,000 K.
