Premier Inc (NASDAQ:PINC) shares, rose in value on Friday, March 28, with the stock price down by -0.26% to the previous day’s close as strong demand from buyers drove the stock to $19.14.
Actively observing the price movement in the last trading, the stock closed the session at $19.19, falling within a range of $19.03 and $19.21. The value of beta (5-year monthly) was 0.386. Referring to stock’s 52-week performance, its high was $23.56, and the low was $17.23. On the whole, PINC has fluctuated by 6.10% over the past month.
With the market capitalization of Premier Inc currently standing at about $1.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-03. The company’s Forward Dividend Ratio is 0.84, with its dividend yield at 4.39%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PINC’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 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of PINC currently trading nearly 3.96% and -1.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.11, while the 7-day volatility ratio is showing 1.53% which for the 30-day chart, stands at 2.52%. Furthermore, Premier Inc (PINC)’s beta value is 0.52, and its average true range (ATR) is 0.45.
A comparison of Premier Inc (PINC) with its peers suggests the former has fared considerably weaker in the market. PINC showed an intraday change of -0.26% in last session, and over the past year, it shrunk by -11.35%%.
Data on historical trading for Premier Inc (NASDAQ:PINC) indicates that the trading volumes over the past 10 days have averaged 1.82 and over the past 3 months, they’ve averaged 1.48 million. According to company’s latest data on outstanding shares, there are 91.68 million shares outstanding.
Nearly 1.51% of Premier Inc’s shares belong to company insiders and institutional investors own 85.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.43 million shares as on 2025-03-14, resulting in a short ratio of 11.23. According to the data, the short interest in Premier Inc (PINC) stood at 2560.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 9.97 million. The stock has fallen by -9.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PINC stock heading into the next quarter.
