Primo Water Corporation (PRMW) concluded trading on Thursday at a closing price of $20.99, with 5.44 million shares of worth about $114.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.97% during that period and on May 09, 2024 the price saw a gain of about 4.38%. Currently the company’s common shares owned by public are about 159.48M shares, out of which, 154.50M shares are available for trading.
Stock saw a price change of 6.82% in past 5 days and over the past one month there was a price change of 18.39%. Year-to-date (YTD), PRMW shares are showing a performance of 39.47% which increased to 51.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.27 but also hit the highest price of $20.36 during that period. The average intraday trading volume for Primo Water Corporation shares is 1.15 million. The stock is currently trading 11.87% above its 20-day simple moving average (SMA20), while that difference is up 16.83% for SMA50 and it goes to 36.26% higher than SMA200.
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Primo Water Corporation (NYSE: PRMW) currently have 159.48M outstanding shares and institutions hold larger chunk of about 88.08% of that.
The stock has a current market capitalization of $3.35B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 45.55, while it has posted earnings per share of $0.46 in the same period. Its PEG reads 3.53 and has Quick Ratio of 1.92 while making debt-to-equity ratio of 1.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRMW, volatility over the week remained 4.04% while standing at 2.27% over the month.
Stock’s fiscal year EPS is expected to rise by 44.59% while it is estimated to increase by 20.45% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on April 03, 2024 offering an Outperform rating for the stock and assigned a target price of $21 to it. On March 09, 2021, Scotiabank Upgrade their recommendations, while on January 08, 2021, Raymond James Upgrade their ratings for the stock with a price target of $21. Stock get an Outperform rating from Raymond James on September 22, 2020.
