You Should Know These Things About Primo Water Corporation (PRMW)

As of Wednesday close, Primo Water Corporation’s (NYSE:PRMW) stock was up $0.13, moving up 1.03 percent to $12.75. The average number of shares traded per day over the past five days has been 1,368,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 833,905, while in the previous 50 days, it was 777,224.

Since last month, PRMW stock retreated -6.73%. Shares of the company fell to $12.46 on 06/22/22, the lowest level in the past month. A 52-week high of $20.12 was reached on 01/04/22 after having rallying from a 52-week low of $12.50. Since the beginning of this year, PRMW’s stock price has dropped by -27.68% or -$4.88, and marked a new high 2 times. However, the stock has declined by -36.63% since its 52-week high.

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Primo Water Corporation (PRMW) last reported insider trading activity 108 days ago on Mar 07. Wells Jay, the CFO of the company, purchased of 10,000 shares for $13.81 on Mar 07. It resulted in a $138,100 investment by the insider. STANBROOK STEVEN P added 17,000 shares at an average price of $14.57 on Mar 01. The insider now owns 63,615 shares following the transaction. On Feb 28, Director STANBROOK STEVEN P bought 3,362 shares at $14.37 apiece. The transaction was valued at $48,311.

Valuation Metrics

Right now, Primo Water Corporation (PRMW) has a P/E ratio of about 12750.00. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 0.97, the price-to-book (PB) ratio of 1.57, and the price-to-cash flow ratio of 44.07 may also be considered.

The latest dividend of $0.07 per share was paid out, remained unchanged from last year’s $0.07. On Wednesday February 23 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended March 30, Primo Water Corporation’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.00, and the total debt-to-equity ratio was 1.19. On the profitability front, the trailing twelve-month gross margin is 56.20% percent. In the year ended March 30, operating margins totaled 3.90%. Based on annual data, PRMW earned $1.16 billion in gross profit and brought in $2.07 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.40%. Return on equity (ROE) for the past 12 months was 0.00%.

In Primo Water Corporation’s quarter-end financial report for March 30, it reported total debt of $1.31 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PRMW’s revenue rose 9.07% to $518.0 million during the quarter, while net income inched up to $526.1 million. While analysts expected Primo Water Corporation to report $0.06 quarterly earnings, the actual figure was $0.09 per share. During the quarter, the company generated $77.4 million in EBITDA. The liabilities of Primo Water Corporation were 2.38 billion at the end of its most recent quarter ended March 30, and its total debt was $1.74 billion. The value of shareholders’ equity is $161.12 million.

Technical Picture

This quick technical analysis looks at Primo Water Corporation’s (PRMW) price momentum. With a historical volatility rate of 31.02%, the RSI 9-day stood at 27.58% on 22 June.

With respect to its five-day moving average, the current Primo Water Corporation price is down by -1.47% percent or -$0.19. At present, PRMW shares trade -8.60% below its 20-day simple moving average and -21.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.34% below its SMA50 and -28.21% below its SMA200.

Stochastic coefficient K was 7.78% and Stochastic coefficient D was 6.30%, while ATR was 0.39. Given the Stochastic reading of 12.66% for the 14-day period, the RSI (14) reading has been calculated as 31.41%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.90.

Analyst Ratings

Scotiabank upgraded its rating on Primo Water Corporation (NYSE: PRMW) to a Sector outperform in a note to investors on March 09, 2021. The analysts firm previously had a Sector perform rating on the stock.Primo Water Corporation (PRMW) has been rated Buy by analysts. According to 0 brokerage firms, PRMW is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Primo Water Corporation stock as buy, with 10 recommending it as overweight.

With a median target price of $20.00, the current consensus forecast for the stock is $16.00 – $21.00. Based on these forecasts, analysts predict Primo Water Corporation (PRMW) will achieve an average price target of $19.41.


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