Primo Brands Corp (NYSE: PRMB) on Friday, plunged -2.33% from the previous trading day, before settling in for the closing price of $31.74. Within the past 52 weeks, PRMB’s price has moved between $13.62 and $32.03.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Consumer Defensive sector company slipped by -4.62% over the past five years. The company achieved an average annual earnings per share of 65.70%. With a float of $159.46 million, this company’s outstanding shares have now reached $160.34 million.
Let’s look at the performance matrix of the company that is accounted for 6400 employees. In terms of profitability, gross margin is 68.16%, operating margin of 10.68%, and the pretax margin is 7.54%.
Primo Brands Corp (PRMB) Insider Updates
Observing investor behavior towards Beverages – Non-Alcoholic industry stocks is more important than anything else. The insider ownership of Primo Brands Corp is 57.93%, while institutional ownership is 38.23%.
Primo Brands Corp (PRMB) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 65.70% per share during the next fiscal year.
Primo Brands Corp (NYSE: PRMB) Trading Performance Indicators
Primo Brands Corp (PRMB) is currently performing well based on its current performance indicators. A quick ratio of 2.23 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 6.08. Likewise, its price to free cash flow for the trailing twelve months is 48.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.53, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.18 in one year’s time.
Technical Analysis of Primo Brands Corp (PRMB)
Primo Brands Corp (NYSE: PRMB) saw its 5-day average volume 2.79 million, a positive change from its year-to-date volume of 1.42 million. As of the previous 9 days, the stock’s Stochastic %D was 83.79%. Additionally, its Average True Range was 1.16.
During the past 100 days, Primo Brands Corp’s (PRMB) raw stochastic average was set at 89.66%, which indicates a significant increase from 71.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.44% in the past 14 days, which was higher than the 31.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.64, while its 200-day Moving Average is $22.64. Nevertheless, the first resistance level for the watch stands at $31.84 in the near term. At $32.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.11. If the price goes on to break the first support level at $30.57, it is likely to go to the next support level at $30.14. Assuming the price breaks the second support level, the third support level stands at $29.30.
Primo Brands Corp (NYSE: PRMB) Key Stats
Market capitalization of the company is 11.48 billion based on 160,313K outstanding shares. Right now, sales total 1,772 M and income totals 238,100 K. The company made 511,400 K in profit during its latest quarter, and 38,600 K in sales during its previous quarter.
