Primo Brands Corp [PRMB] Stock trading around $28.37 per share: What’s Next?

KRBP

Primo Brands Corp [NYSE: PRMB] price surged by 0.28 percent to reach at $0.08.

The one-year PRMB stock forecast points to a potential upside of 10.65. The average equity rating for PRMB stock is currently 1.25, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on Primo Brands Corp [PRMB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRMB shares is $31.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRMB stock is a recommendation set at 1.25. 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.

The Average True Range (ATR) for Primo Brands Corp is set at 1.16, with the Price to Sales ratio for PRMB stock in the period of the last 12 months amounting to 2.41. The Price to Book ratio for the last quarter was 3.07, with the Price to Cash per share for the same quarter was set at 4.16. Price to Free Cash Flow for PRMB in the course of the last twelve months was 19.14 with Quick ratio for the last quarter at 2.23.

PRMB Stock Performance Analysis:

Primo Brands Corp [PRMB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.08. With this latest performance, PRMB shares gained by 8.83% in over the last four-week period, additionally plugging by 37.88% over the last 6 months – not to mention a rise of 97.47% 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 PRMB stock in for the last two-week period is set at 69.05, with the RSI for the last a single of trading hit N/A. The present Moving Average recorded at N/A for the last single week of trading.

Insight into Primo Brands Corp Fundamentals:

Primo Brands Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.23 and a Current Ratio set at 2.34.

Primo Brands Corp [PRMB] Institutonal Ownership Details