The trading price of Primo Water Corporation (NYSE:PRMW) floating higher at last check on Wednesday, June 05, closing at $22.85, 0.31% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 39.57. In examining the 52-week price action we see that the stock hit a 52-week high of $23.11 and a 52-week low of $12.27. Over the past month, the stock has gained 14.82% in value.
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Primo Water Corporation, whose market valuation is $3.66 billion at the time of this writing. The dividend yield on the company stock is 1.09%, while its Forward Dividend ratio is 0.25. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.25 per share this quarter, however they have predicted annual earnings per share of 0.94 for current year and 1.11 for next year.
Analysts have forecast the company to bring in revenue of 478.67M for the current quarter, with the likely lows of 476M and highs of 482M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.88B.
On the technical side, indicators suggest PRMW has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.56, which symbolizes a positive outlook. A quick review shows that PRMW’s price is currently 5.07% off the SMA20 and 15.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 79.88, and weekly volatility stands at 2.00%. When measured over the past 30 days, the indicator reaches 2.55%. Primo Water Corporation (NYSE:PRMW)’s beta value is currently sitting at 1.10, while the Average True Range indicator is currently displaying 0.47.
To see how Primo Water Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: PRMW stock’s performance was 0.31% at last check in today’s session, and 75.77% in the past year. Primo Water Corporation has a P/E ratio of 39.57.
An evaluation of the daily trading volume of Primo Water Corporation (NYSE:PRMW) indicates that the 3-month average is 1.25 million.
Currently, records show that 159.48 million of the company’s shares remain outstanding. The insiders hold 3.32% of outstanding shares, whereas institutions hold 87.66%. However, since the stock’s price has seen 51.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
