Primo Brands Corp (PRMB) concluded trading on Wednesday at a closing price of $32.71, with 5.72 million shares of worth about $187.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.50% during that period and on Wednesday the price saw a gain of about 1.52%. Currently the company’s common shares owned by public are about 376.20M shares, out of which, 257.16M shares are available for trading.
Stock saw a price change of 0.96% in past 5 days and over the past one month there was a price change of 2.38%. Year-to-date (YTD), PRMB shares are showing a performance of 6.30% which increased to 52.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.53 but also hit the highest price of $35.85 during that period. The average intraday trading volume for Primo Brands Corp shares is 5.28 million. The stock is currently trading 1.21% above its 20-day simple moving average (SMA20), while that difference is down -0.77% for SMA50 and it goes to 11.65% higher than SMA200.
Primo Brands Corp (NYSE: PRMB) currently have 376.20M outstanding shares and institutions hold larger chunk of about 60.43% of that.
The stock has a current market capitalization of $12.31B and its 3Y-monthly beta is at 0.75. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 1.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRMB, volatility over the week remained 1.80% while standing at 1.32% over the month. Stock’s fiscal year EPS is expected to rise by 52.56% while it is estimated to increase by 18.49% 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 BofA Securities on May 28, 2025 offering a Buy rating for the stock and assigned a target price of $42 to it. Coverage by Mizuho stated Primo Brands Corp (PRMB) stock as an Outperform in their note to investors on May 12, 2025, suggesting a price target of $43 for the stock. On April 08, 2025, TD Securities Resumed their recommendations, while on April 04, 2025, Truist Initiated their ratings for the stock with a price target of $42. Stock get an Outperform rating from BMO Capital Markets on January 06, 2025.
