Perimeter Solutions Inc (NYSE:PRM) price on Friday, February 07, rose 0.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.09.
A look at the stock’s price movement, the close in the last trading session was $12.05, moving within a range at $11.95 and $12.21. The beta value (5-Year monthly) was 2.017. Turning to its 52-week performance, $14.44 and $4.83 were the 52-week high and 52-week low respectively. Overall, PRM moved 3.16% over the past month.
Perimeter Solutions Inc’s market cap currently stands at around $1.77 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 77.01M for the company’s revenue for the quarter, with a low and high estimate of 77.01M and 77.01M respectively. The average forecast suggests up to a 29.52% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 545.69M, representing a 69.41% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PRM is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend PRM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PRM’s current price about -6.17% and -5.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.54, while 7-day volatility ratio is 2.30% and 3.86% in the 30-day chart. Further, Perimeter Solutions Inc (PRM) has a beta value of 1.90, and an average true range (ATR) of 0.46. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is 42.1% off current price level while to achieve the yearly target high, price needs to move 42.1%. Nonetheless, investors will most likely welcome a 42.1% jump to $7 which is the analysts’ median price.
If we refocus on Perimeter Solutions Inc (NYSE:PRM), historical trading data shows that trading volumes averaged 0.84 over the past 10 days and 1.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 145.24 million shares.
The 5.60% of Perimeter Solutions Inc’s shares are in the hands of company insiders while institutional holders own 87.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.66 million on 2025-01-15, giving us a short ratio of 1.76. The data shows that as of 2025-01-15 short interest in Perimeter Solutions Inc (PRM) stood at 236.99998999999997 of shares outstanding, with shares short rising to 1.54 million registered in 2024-12-13. Current price change has pushed the stock -5.40% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRM stock continues to rise going into the next quarter.
