Financial Health Check: Examining Premier Inc (PINC)’s Key Ratios

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Premier Inc (NASDAQ: PINC) closed the day trading at $19.59 down -1.51% from the previous closing price of $19.89. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 0.98 million shares were traded. PINC stock price reached its highest trading level at $20.06 during the session, while it also had its lowest trading level at $19.58.

Ratios:

For a better understanding of PINC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.11. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.01.

On May 08, 2024, Canaccord Genuity Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $27 to $21.

On February 26, 2024, Leerink Partners started tracking the stock assigning a Market Perform rating and target price of $22.50.Leerink Partners initiated its Market Perform rating on February 26, 2024, with a $22.50 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when McKasson Craig S. sold 10,000 shares for $20.41 per share. The transaction valued at 204,100 led to the insider holds 263,699 shares of the business.

McKasson Craig S. bought 10,000 shares of PINC for $204,100 on Sep 18 ’24. On Sep 09 ’24, another insider, Brailo Andy, who serves as the Chief Commercial Officer of the company, sold 17,000 shares for $20.41 each. As a result, the insider received 346,970 and left with 87,410 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, PINC now has a Market Capitalization of 1962682880 and an Enterprise Value of 1963494528. As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.87, and their Forward P/E ratio for the next fiscal year is 15.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 1.458 whereas that against EBITDA is 4.76.

Stock Price History:

Over the past 52 weeks, PINC has reached a high of $23.01, while it has fallen to a 52-week low of $17.95. The 50-Day Moving Average of the stock is -2.57%, while the 200-Day Moving Average is calculated to be -4.78%.

Shares Statistics:

Over the past 3-months, PINC traded about 1.10M shares per day on average, while over the past 10 days, PINC traded about 1247830 shares per day. A total of 105.03M shares are outstanding, with a floating share count of 98.65M. Insiders hold about 1.54% of the company’s shares, while institutions hold 87.51% stake in the company. Shares short for PINC as of 1724976000 were 7900110 with a Short Ratio of 7.20, compared to 1722384000 on 7341755. Therefore, it implies a Short% of Shares Outstanding of 7900110 and a Short% of Float of 11.06.

Dividends & Splits

PINC’s forward annual dividend rate is 0.84, up from 0.84 a year ago. Against a Trailing Annual Dividend Yield of 0.04223228

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