Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Premier Inc (NASDAQ: PINC) closed at $19.41 down -6.32% from its previous closing price of $20.72. In other words, the price has decreased by -$6.32 from its previous closing price. On the day, 4.0 million shares were traded. PINC stock price reached its highest trading level at $21.04 during the session, while it also had its lowest trading level at $19.285.
Ratios:
For a deeper understanding of Premier Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.27.
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, Leerink Partners on February 26, 2024, initiated with a Market Perform rating and assigned the stock a target price of $22.50.
On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $22.
Piper Sandler Downgraded its Overweight to Neutral on August 23, 2023, whereas the target price for the stock was revised from $44 to $25.
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 2325667328 and an Enterprise Value of 2291741440. As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.92, and their Forward P/E ratio for the next fiscal year is 8.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.77 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 1.741 whereas that against EBITDA is 5.267.
Stock Price History:
Over the past 52 weeks, PINC has reached a high of $28.30, while it has fallen to a 52-week low of $18.89. The 50-Day Moving Average of the stock is -8.34%, while the 200-Day Moving Average is calculated to be -11.44%.
Shares Statistics:
For the past three months, PINC has traded an average of 1.73M shares per day and 1231730 over the past ten days. A total of 119.16M shares are outstanding, with a floating share count of 118.75M. Insiders hold about 0.89% of the company’s shares, while institutions hold 75.16% stake in the company. Shares short for PINC as of 1713139200 were 5145508 with a Short Ratio of 2.97, compared to 1710460800 on 6307290. Therefore, it implies a Short% of Shares Outstanding of 5145508 and a Short% of Float of 5.6500003.
Dividends & Splits
According to the company, the forward annual dividend rate for PINC is 0.84, from 0.84 in the trailing year. Against a Trailing Annual Dividend Yield of 0.040540542
