Primoris Services Corp (NYSE:PRIM) shares, rose in value on Thursday, March 06, with the stock price down by -6.83% to the previous day’s close as strong demand from buyers drove the stock to $63.56.
Actively observing the price movement in the last trading, the stock closed the session at $68.22. The PE ratio was 19.20 over 12-month period. Referring to stock’s 52-week performance, its high was $90.86, and the low was $38.42. On the whole, PRIM has fluctuated by -15.41% over the past month.
With the market capitalization of Primoris Services Corp currently standing at about $3.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.26, with its dividend yield at 0.41%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.68B, with a low estimate of 1.4B and a high estimate of 1.54B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.48B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PRIM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.88, with the price of PRIM currently trading nearly -11.41% and -16.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.04, while the 7-day volatility ratio is showing 5.95% which for the 30-day chart, stands at 5.01%. Furthermore, Primoris Services Corp (PRIM)’s beta value is 1.11, and its average true range (ATR) is 3.89.
A comparison of Primoris Services Corp (PRIM) with its peers suggests the former has fared considerably weaker in the market. PRIM showed an intraday change of -6.83% in last session, and over the past year, it grew by 61.48%%.
Data on historical trading for Primoris Services Corp (NYSE:PRIM) indicates that the trading volumes over the past 3 months, they’ve averaged 829.03K. According to company’s latest data on outstanding shares, there are 53.74 million shares outstanding.
Nearly 1.05% of Primoris Services Corp’s shares belong to company insiders and institutional investors own 94.90% of the company’s shares. The stock has fallen by -16.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRIM stock heading into the next quarter.
