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Premier Inc (NASDAQ: PINC) closed the day trading at $19.79 down -1.15% from the previous closing price of $20.02. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 1.34 million shares were traded. PINC stock price reached its highest trading level at $20.11 during the session, while it also had its lowest trading level at $19.71.
Ratios:
For a better understanding of PINC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.21. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 Aug 26 ’24 when Klatsky David L sold 1,319 shares for $19.96 per share. The transaction valued at 26,327 led to the insider holds 102,467 shares of the business.
Klatsky David L bought 1,319 shares of PINC for $26,327 on Aug 26 ’24. On Aug 26 ’24, another insider, McKasson Craig S., who serves as the Member of immediate family of of the company, bought 755 shares for $20.05 each.
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 1982720640 and an Enterprise Value of 1983532032. As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.07, and their Forward P/E ratio for the next fiscal year is 14.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 1.473 whereas that against EBITDA is 4.809.
Stock Price History:
Over the past 52 weeks, PINC has reached a high of $24.27, while it has fallen to a 52-week low of $17.95. The 50-Day Moving Average of the stock is 1.74%, while the 200-Day Moving Average is calculated to be -3.92%.
Shares Statistics:
Over the past 3-months, PINC traded about 1.33M shares per day on average, while over the past 10 days, PINC traded about 1169220 shares per day. A total of 105.03M shares are outstanding, with a floating share count of 98.72M. Insiders hold about 1.46% of the company’s shares, while institutions hold 87.27% stake in the company. Shares short for PINC as of 1722384000 were 7341755 with a Short Ratio of 5.26, compared to 1719532800 on 6610620. Therefore, it implies a Short% of Shares Outstanding of 7341755 and a Short% of Float of 9.6499994.
Dividends & Splits
PINC’s forward annual dividend rate is 0.84, up from 0.84 a year ago. Against a Trailing Annual Dividend Yield of 0.04195804
