Primo Water Corporation [NYSE: PRMW] traded at a high on Monday, posting a 2.06 gain after which it closed the day’ session at $22.79.
The results of the trading session contributed to over 7212311 shares changing hands. Over the past one week, the price volatility of Primo Water Corporation stands at 4.62% while the volatility over the past one month is 2.61%.
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The market cap for PRMW stock reached $3.65 billion, with 159.48 million shares outstanding and 154.67 million shares in the current float. Compared to the average trading volume of 1.23M shares, PRMW reached a trading volume of 7212311 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Primo Water Corporation [PRMW]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRMW shares is $23.74 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRMW stock is a recommendation set at 1.89. 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.
Raymond James have made an estimate for Primo Water Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 03, 2024. The new note on the price target was released on February 24, 2023, representing the official price target for Primo Water Corporation stock. On January 08, 2021, analysts increased their price target for PRMW shares from 18 to 21.
The Average True Range (ATR) for Primo Water Corporation is set at 0.67, with the Price to Sales ratio for PRMW stock in the period of the last 12 months amounting to 1.73. The Price to Book ratio for the last quarter was 2.52, with the Price to Cash per share for the same quarter was set at 3.11. Price to Free Cash Flow for PRMW in the course of the last twelve months was 14.29 with Quick ratio for the last quarter at 2.02.
How has PRMW stock performed recently?
Primo Water Corporation [PRMW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.18. With this latest performance, PRMW shares gained by 7.30% in over the last four-week period, additionally plugging by 47.22% over the last 6 months – not to mention a rise of 74.64% 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 PRMW stock in for the last two-week period is set at 66.53, with the RSI for the last a single of trading hit 61.11, and the three-weeks RSI is set at 69.90 for Primo Water Corporation [PRMW]. The present Moving Average for the last 50 days of trading for this stock 20.57, while it was recorded at 22.71 for the last single week of trading, and 16.42 for the last 200 days.
Primo Water Corporation [PRMW]: Deeper insight into the fundamentals
Primo Water Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.02 and a Current Ratio set at 2.13.
Earnings analysis for Primo Water Corporation [PRMW]
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 PRMW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Primo Water Corporation go to 15.47%.
Insider trade positions for Primo Water Corporation [PRMW]
The top three institutional holders of PRMW 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 PRMW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PRMW stock with ownership which is approximately 5.8386%.
