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After finishing at $22.40 in the prior trading day, Premier Inc (NASDAQ: PINC) closed at $19.11, down -14.69%. In other words, the price has decreased by -$14.69 from its previous closing price. On the day, 3.85 million shares were traded.
Ratios:
Our goal is to gain a better understanding of PINC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.33.
On May 08, 2024, Canaccord Genuity Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $27 to $21.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Market Perform rating and target price of $22.50.Leerink Partners initiated its Market Perform rating on February 26, 2024, with a $22.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 04 ’25 when McKasson Craig S. bought 15,000 shares for $22.68 per share.
McKasson Craig S. bought 15,000 shares of PINC for $315,895 on Jan 07 ’25. On Jan 06 ’25, another insider, Boudreau Helen M, who serves as the Director of the company, sold 2,500 shares for $21.42 each. As a result, the insider received 53,550 and left with 20,668 shares of the company.
Valuation Measures:
As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.99, and their Forward P/E ratio for the next fiscal year is 14.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 0.96.
Stock Price History:
Over the past 52 weeks, PINC has reached a high of $23.56, while it has fallen to a 52-week low of $17.95. The 50-Day Moving Average of the stock is -12.80%, while the 200-Day Moving Average is calculated to be -6.41%.
Shares Statistics:
A total of 97.79M shares are outstanding, with a floating share count of 94.65M. Insiders hold about 1.51% of the company’s shares, while institutions hold 83.79% stake in the company.