In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Primoris Services Corp (NYSE: PRIM) closed at $76.82 down -1.17% from its previous closing price of $77.73. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 0.88 million shares were traded. PRIM stock price reached its highest trading level at $77.36 during the session, while it also had its lowest trading level at $75.09.
Ratios:
For a deeper understanding of Primoris Services Corp’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 11.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.32. 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, KeyBanc Capital Markets on December 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $96.
On October 07, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $71.
Goldman Upgraded its Sell to Neutral on April 03, 2023, whereas the target price for the stock was revised from $22.50 to $27.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRIM now has a Market Capitalization of 4126240256 and an Enterprise Value of 5119940096. As of this moment, Primoris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.47, and their Forward P/E ratio for the next fiscal year is 19.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 0.834 whereas that against EBITDA is 12.604.
Stock Price History:
Over the past 52 weeks, PRIM has reached a high of $84.97, while it has fallen to a 52-week low of $30.94. The 50-Day Moving Average of the stock is 0.64%, while the 200-Day Moving Average is calculated to be 33.12%.
Shares Statistics:
For the past three months, PRIM has traded an average of 674.37K shares per day and 718540 over the past ten days. A total of 53.71M shares are outstanding, with a floating share count of 53.16M. Insiders hold about 1.03% of the company’s shares, while institutions hold 94.36% stake in the company. Shares short for PRIM as of 1734048000 were 1673336 with a Short Ratio of 2.48, compared to 1731628800 on 1850859. Therefore, it implies a Short% of Shares Outstanding of 1673336 and a Short% of Float of 3.52.
Dividends & Splits
According to the company, the forward annual dividend rate for PRIM is 0.18, from 0.24 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0030876107The stock’s 5-year Average Dividend Yield is 0.92.
