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The price of Primoris Services Corp (NYSE: PRIM) closed at $60.14 in the last session, down -1.78% from day before closing price of $61.23. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 0.73 million shares were traded. PRIM stock price reached its highest trading level at $60.95 during the session, while it also had its lowest trading level at $59.73.
Ratios:
We take a closer look at PRIM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 0.89.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on October 07, 2024, initiated with a Overweight rating and assigned the stock a target price of $71.
On April 03, 2023, Goldman Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $22.50 to $27.
Goldman Downgraded its Neutral to Sell on November 11, 2021, whereas the target price for the stock was revised from $27 to $24.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 19 ’24 when Schauerman John P. sold 25,000 shares for $59.25 per share. The transaction valued at 1,481,332 led to the insider holds 137,281 shares of the business.
SCHAUERMAN FAMILY TRUST bought 25,000 shares of PRIM for $1,481,334 on Sep 19 ’24. On Sep 13 ’24, another insider, Perisich John M., who serves as the CHIEF LEGAL AND ADMIN OFFICER of the company, sold 4,391 shares for $55.33 each. As a result, the insider received 242,958 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRIM now has a Market Capitalization of 3227876096 and an Enterprise Value of 4367269376. As of this moment, Primoris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.23, and their Forward P/E ratio for the next fiscal year is 15.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 2.48. Its current Enterprise Value per Revenue stands at 0.725 whereas that against EBITDA is 10.938.
Stock Price History:
Over the past 52 weeks, PRIM has reached a high of $61.93, while it has fallen to a 52-week low of $28.96. The 50-Day Moving Average of the stock is 9.70%, while the 200-Day Moving Average is calculated to be 28.07%.
Shares Statistics:
According to the various share statistics, PRIM traded on average about 562.27K shares per day over the past 3-months and 481300 shares per day over the past 10 days. A total of 53.37M shares are outstanding, with a floating share count of 53.08M. Insiders hold about 1.11% of the company’s shares, while institutions hold 94.54% stake in the company. Shares short for PRIM as of 1727654400 were 962548 with a Short Ratio of 1.71, compared to 1724976000 on 1282728. Therefore, it implies a Short% of Shares Outstanding of 962548 and a Short% of Float of 2.02.
Dividends & Splits
The forward annual dividend rate for PRIM is 0.24, which was 0.24 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.003919647The stock’s 5-year Average Dividend Yield is 0.94.
