Premier Inc [NASDAQ: PINC] surged by $0.2 during the normal trading session on while it closed the day at $19.61.
Premier Inc stock has also loss -6.89% of its value over the past 7 days. However, PINC stock has declined by -7.89% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.15% and lost -12.30% year-on date.
The market cap for PINC stock reached $2.35 billion, with 119.16 million shares outstanding and 118.75 million shares in the current float. Compared to the average trading volume of 1.77M shares, PINC reached a trading volume of 3444158 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Premier Inc [PINC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PINC shares is $22.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PINC stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for Premier Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May-09-24. While these analysts kept the previous recommendation, Leerink Partners raised their target price to Market Perform. The new note on the price target was released on February 26, 2024, representing the official price target for Premier Inc stock. Previously, the target price had yet another raise to $22, while Barclays analysts kept a Equal Weight rating on PINC stock. On August 23, 2023, analysts decreased their price target for PINC shares from 44 to 25.
The Average True Range (ATR) for Premier Inc is set at 0.59, with the Price to Sales ratio for PINC stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 0.52. Price to Free Cash Flow for PINC in the course of the last twelve months was 11.07 with Quick ratio for the last quarter at 0.81.
PINC stock trade performance evaluation
Premier Inc [PINC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.89. With this latest performance, PINC shares dropped by -9.38% in over the last four-week period, additionally plugging by 0.15% over the last 6 months – not to mention a drop of -25.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PINC stock in for the last two-week period is set at 34.32, with the RSI for the last a single of trading hit 30.70, and the three-weeks RSI is set at 37.25 for Premier Inc [PINC]. The present Moving Average for the last 50 days of trading for this stock 21.10, while it was recorded at 20.30 for the last single week of trading, and 21.84 for the last 200 days.
Premier Inc [PINC]: An insightful look at the core fundamentals
Premier Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 0.92.
Earnings per share (EPS) analysis for Premier Inc [PINC] stock
With the latest financial reports released by the company, Premier Inc posted 0.68/share EPS, while the average EPS was predicted by analysts to be reported at 0.66/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PINC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Premier Inc go to 1.80%.
Premier Inc [PINC]: Institutional Ownership
The top three institutional holders of PINC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PINC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PINC stock with ownership which is approximately 5.8386%.
