Primoris Services Corp (NYSE:PRIM) shares, rose in value on Friday, March 28, with the stock price down by -0.49% to the previous day’s close as strong demand from buyers drove the stock to $57.27.
Actively observing the price movement in the last trading, the stock closed the session at $57.55, falling within a range of $56.25 and $57.94. The value of beta (5-year monthly) was 1.138 whereas the PE ratio was 17.30 over 12-month period. Referring to stock’s 52-week performance, its high was $90.86, and the low was $40.74. On the whole, PRIM has fluctuated by -20.14% over the past month.
With the market capitalization of Primoris Services Corp currently standing at about $3.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.35%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.69B, 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 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold 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 1.37, with the price of PRIM currently trading nearly -10.60% and -19.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.39, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 4.70%. Furthermore, Primoris Services Corp (PRIM)’s beta value is 1.17, and its average true range (ATR) is 3.18.
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 -0.49% in last session, and over the past year, it grew by 39.00%%.
Data on historical trading for Primoris Services Corp (NYSE:PRIM) indicates that the trading volumes over the past 10 days have averaged 1.06 and over the past 3 months, they’ve averaged 938.09K. According to company’s latest data on outstanding shares, there are 53.74 million shares outstanding.
Nearly 1.09% of Primoris Services Corp’s shares belong to company insiders and institutional investors own 94.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.27 million shares as on 2025-03-14, resulting in a short ratio of 1.92. According to the data, the short interest in Primoris Services Corp (PRIM) stood at 542.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.79 million. The stock has fallen by -25.04% 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.
