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The price of Primoris Services Corp (NYSE: PRIM) closed at $66.02 in the last session, down -2.63% from day before closing price of $67.80. In other words, the price has decreased by -$2.63 from its previous closing price. On the day, 0.97 million shares were traded.
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 9.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.35 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.85.
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, Guggenheim on January 08, 2025, initiated with a Buy rating and assigned the stock a target price of $102.
On December 11, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $96.
On October 07, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $71.JP Morgan initiated its Overweight rating on October 07, 2024, with a $71 target price.
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 Dec 12 ’24 when STRICKER TRAVIS L sold 4,583 shares for $80.51 per share. The transaction valued at 368,957 led to the insider holds 6,006 shares of the business.
STRICKER TRAVIS L bought 4,583 shares of PRIM for $369,436 on Dec 12 ’24. On Dec 02 ’24, another insider, King David Lee, who serves as the Director of the company, sold 2,000 shares for $83.98 each. As a result, the insider received 167,961 and left with 23,818 shares of the company.
Valuation Measures:
As of this moment, Primoris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.89, and their Forward P/E ratio for the next fiscal year is 16.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 2.61.
Stock Price History:
Over the past 52 weeks, PRIM has reached a high of $90.86, while it has fallen to a 52-week low of $37.00. The 50-Day Moving Average of the stock is -15.76%, while the 200-Day Moving Average is calculated to be 3.77%.
Shares Statistics:
A total of 53.71M shares are outstanding, with a floating share count of 53.12M. Insiders hold about 1.12% of the company’s shares, while institutions hold 94.56% stake in the company.
