Primoris Services Corp (NYSE: PRIM) on Tuesday, soared 14.78% from the previous trading day, before settling in for the closing price of $64.34. Within the past 52 weeks, PRIM’s price has moved between $29.14 and $64.68.
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Annual sales at Industrials sector company grew by 14.79% over the past five years. The company achieved an average annual earnings per share of 18.42%. With a float of $53.08 million, this company’s outstanding shares have now reached $53.37 million.
Let’s look at the performance matrix of the company that is accounted for 14058 employees. In terms of profitability, gross margin is 11.0%, operating margin of 4.96%, and the pretax margin is 3.77%.
Primoris Services Corp (PRIM) Insider Updates
Observing investor behavior towards Engineering & Construction industry stocks is more important than anything else. The insider ownership of Primoris Services Corp is 1.11%, while institutional ownership is 96.32%. The most recent insider transaction that took place on Sep 19 ’24, was worth 1,481,332. In this transaction Director of this company sold 25,000 shares at a rate of $59.25, taking the stock ownership to the 137,281 shares. Before that another transaction happened on Sep 19 ’24, when Company’s Board Member proposed sale 25,000 for $59.25, making the entire transaction worth $1,481,334.
Primoris Services Corp (PRIM) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 18.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.25% during the next five years compared to 9.19% growth over the previous five years of trading.
Primoris Services Corp (NYSE: PRIM) Trading Performance Indicators
Primoris Services Corp (PRIM) is currently performing well based on its current performance indicators. A quick ratio of 1.38 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 0.65. Likewise, its price to free cash flow for the trailing twelve months is 13.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.02, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.88 in one year’s time.
Technical Analysis of Primoris Services Corp (PRIM)
Primoris Services Corp (NYSE: PRIM) saw its 5-day average volume 1.04 million, a positive change from its year-to-date volume of 0.57 million. As of the previous 9 days, the stock’s Stochastic %D was 88.34%. Additionally, its Average True Range was 2.29.
During the past 100 days, Primoris Services Corp’s (PRIM) raw stochastic average was set at 99.82%, which indicates a significant increase from 99.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.45% in the past 14 days, which was higher than the 44.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $58.54, while its 200-day Moving Average is $49.69. Nevertheless, the first resistance level for the watch stands at $76.97 in the near term. At $80.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $86.28. If the price goes on to break the first support level at $67.66, it is likely to go to the next support level at $61.47. Assuming the price breaks the second support level, the third support level stands at $58.35.
Primoris Services Corp (NYSE: PRIM) Key Stats
Market capitalization of the company is 3.96 billion based on 53,673K outstanding shares. Right now, sales total 5,715 M and income totals 126,150 K. The company made 1,564 M in profit during its latest quarter, and 49,540 K in sales during its previous quarter.
