Market Recap: Primo Water Corporation (PRMW)’s Positive Momentum, Closing at 21.14

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The closing price of Primo Water Corporation (NYSE: PRMW) was $21.14 for the day, up 0.67% from the previous closing price of $21.00. In other words, the price has increased by $0.67 from its previous closing price. On the day, 1.29 million shares were traded. PRMW stock price reached its highest trading level at $21.36 during the session, while it also had its lowest trading level at $21.03.

Ratios:

Our analysis of PRMW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.28. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.98 whereas as Long-Term Debt/Eq ratio is at 0.96.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 17 ’24 when PRIM BILLY D bought 2 shares for $24.99 per share. The transaction valued at 50 led to the insider holds 1,105,640 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRMW now has a Market Capitalization of 3396838656 and an Enterprise Value of 4304298496. As of this moment, Primo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.61, and their Forward P/E ratio for the next fiscal year is 19.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 2.34. Its current Enterprise Value per Revenue stands at 2.376 whereas that against EBITDA is 11.543.

Stock Price History:

Over the past 52 weeks, PRMW has reached a high of $25.60, while it has fallen to a 52-week low of $12.27. The 50-Day Moving Average of the stock is -1.34%, while the 200-Day Moving Average is calculated to be 25.83%.

Shares Statistics:

PRMW traded an average of 1.39M shares per day over the past three months and 1561100 shares per day over the past ten days. A total of 159.48M shares are outstanding, with a floating share count of 154.96M. Insiders hold about 3.31% of the company’s shares, while institutions hold 87.34% stake in the company. Shares short for PRMW as of 1718323200 were 2279008 with a Short Ratio of 1.64, compared to 1715731200 on 2121672. Therefore, it implies a Short% of Shares Outstanding of 2279008 and a Short% of Float of 1.6199999999999999.

Dividends & Splits

With its trailing 12-month dividend rate of 0.33, PRMW has a forward annual dividend rate of 0.34. Against a Trailing Annual Dividend Yield of 0.015714286The stock’s 5-year Average Dividend Yield is 1.81.

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