Primo Brands Corp (NYSE:PRMB) price on current trading day, fall -0.98% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $33.14.
A look at the stock’s price movement, the level at last check in today’s session was $33.47, moving within a range at $32.705 and $33.76. The beta value (5-Year monthly) was 0.798. Turning to its 52-week performance, $35.85 and $16.74 were the 52-week high and 52-week low respectively. Overall, PRMB moved 6.16% over the past month.
Primo Brands Corp’s market cap currently stands at around $12.60 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19. The company has a Forward Dividend ratio of 0.36, with its dividend yield at 1.10%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.63B for the company’s revenue for the quarter, with a low and high estimate of 1.63B and 1.64B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.01B, representing a 3.00% 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 PRMB is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PRMB’s current price about -1.21% and 0.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.39, while 7-day volatility ratio is 6.47% and 4.01% in the 30-day chart. Further, Primo Brands Corp (PRMB) has a beta value of 0.81, and an average true range (ATR) of 1.42. Analysts have given the company’s stock an average 52-week price target of $40, forecast between a low of $40 and high of $40. Looking at the price targets, the low is -20.7% off recent price level in today’s trading while to achieve the yearly target high, it has to move -20.7%. Nonetheless, investors will most likely welcome a -20.7% jump to $40 which is the analysts’ median price.
If we refocus on Primo Brands Corp (NYSE:PRMB), historical trading data shows that trading volumes averaged 5.84 over the past 10 days and 3.56 million over the past 3 months. The company’s latest data on shares outstanding shows there are 315.28 million shares.
The 44.99% of Primo Brands Corp’s shares are in the hands of company insiders while institutional holders own 42.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.54 million on 2025-03-14, giving us a short ratio of 2.23. The data shows that as of 2025-03-14 short interest in Primo Brands Corp (PRMB) stood at 684.0 of shares outstanding, with shares short rising to 6.46 million registered in 2025-02-14. Current price change has pushed the stock 7.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRMB stock continues to rise going into the next quarter.
