Primoris Services Corp (NYSE: PRIM) on Monday, soared 3.10% from the previous trading day, before settling in for the closing price of $79.40. Within the past 52 weeks, PRIM’s price has moved between $30.94 and $84.97.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 14.79%. The company achieved an average annual earnings per share of 22.32%. With a float of $53.16 million, this company’s outstanding shares have now reached $53.71 million.
The extent of productivity of a business whose workforce counts for 14058 workers is very important to gauge. In terms of profitability, gross margin is 11.0%, operating margin of 4.97%, and the pretax margin is 3.77%.
Primoris Services Corp (PRIM) Insider and Institutional Ownership
Observing investor behavior towards Engineering & Construction industry stocks is more important than anything else. The insider ownership of Primoris Services Corp is 1.03%, while institutional ownership is 94.36%. The most recent insider transaction that took place on Dec 12 ’24, was worth 368,957. In this transaction CHIEF ACCOUNTING OFFICER of this company sold 4,583 shares at a rate of $80.51, taking the stock ownership to the 6,006 shares. Before that another transaction happened on Dec 12 ’24, when Company’s Officer proposed sale 4,583 for $80.61, making the entire transaction worth $369,436.
Primoris Services Corp (PRIM) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 22.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.50% 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 1.35 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 0.72. Likewise, its price to free cash flow for the trailing twelve months is 14.81.
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 3.99 in one year’s time.
Technical Analysis of Primoris Services Corp (PRIM)
The latest stats from [Primoris Services Corp, PRIM] show that its last 5-days average volume of 0.6 million was superior to 0.58 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 38.73%. Additionally, its Average True Range was 2.52.
During the past 100 days, Primoris Services Corp’s (PRIM) raw stochastic average was set at 92.04%, which indicates a significant increase from 58.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.66% in the past 14 days, which was lower than the 44.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.02, while its 200-day Moving Average is $55.94. Now, the first resistance to watch is $82.58. This is followed by the second major resistance level at $83.29. The third major resistance level sits at $84.70. If the price goes on to break the first support level at $80.46, it is likely to go to the next support level at $79.05. The third support level lies at $78.34 if the price breaches the second support level.
Primoris Services Corp (NYSE: PRIM) Key Stats
Market capitalization of the company is 4.40 billion based on 53,713K outstanding shares. Right now, sales total 5,715 M and income totals 126,150 K. The company made 1,649 M in profit during its latest quarter, and 58,440 K in sales during its previous quarter.
