Market Insights: Premier Inc (PINC)’s Notable Gain of 0.49, Closing at 18.49

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As of close of business last night, Premier Inc’s stock clocked out at $18.49, up 0.49% from its previous closing price of $18.40. In other words, the price has increased by $0.49 from its previous closing price. On the day, 1.67 million shares were traded. PINC stock price reached its highest trading level at $18.565 during the session, while it also had its lowest trading level at $18.32.


To gain a deeper understanding of PINC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.32.

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 the company, Canaccord Genuity on May 08, 2024, Downgraded its rating to Hold and sets its target price to $21 from $27 previously.

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

On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $22.Barclays initiated its Equal Weight rating on January 03, 2024, with a $22 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 01 ’24 when Anderson Leigh sold 20,000 shares for $18.63 per share. The transaction valued at 372,600 led to the insider holds 163,928 shares of the business.

Klatsky David L sold 13,339 shares of PINC for $247,438 on Jun 10 ’24. The General Counsel now owns 92,001 shares after completing the transaction at $18.55 per share. On May 28 ’24, another insider, Brailo Andy, who serves as the Chief Commercial Officer of the company, sold 13,318 shares for $19.00 each. As a result, the insider received 253,042 and left with 98,427 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 1938121728 and an Enterprise Value of 2028675968. As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.80, and their Forward P/E ratio for the next fiscal year is 8.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 1.518 whereas that against EBITDA is 4.748.

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 $17.95. The 50-Day Moving Average of the stock is -3.83%, while the 200-Day Moving Average is calculated to be -10.62%.

Shares Statistics:

It appears that PINC traded 1.63M shares on average per day over the past three months and 1322690 shares per day over the past ten days. A total of 119.16M shares are outstanding, with a floating share count of 103.70M. Insiders hold about 1.07% of the company’s shares, while institutions hold 85.54% stake in the company. Shares short for PINC as of 1718323200 were 6538963 with a Short Ratio of 4.01, compared to 1715731200 on 5706646. Therefore, it implies a Short% of Shares Outstanding of 6538963 and a Short% of Float of 8.6.

Dividends & Splits

With its trailing 12-month dividend rate of 0.84, PINC has a forward annual dividend rate of 0.84. Against a Trailing Annual Dividend Yield of 0.045652173

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