As of Friday close, Primo Water Corporation’s (NYSE:PRMW) stock was up $0.2, moving up 1.33 percent to $15.21. The average number of shares traded per day over the past five days has been 955,760 shares. 2 times new highs have been achieved over the past 5 days, with a $0.06 gain in that time frame. In the last twenty days, the average volume was 1,026,455, while in the previous 50 days, it was 1,181,518.
Since last month, PRMW stock rose 8.41%. Shares of the company fell to $13.35 on 07/19/23, the lowest level in the past month. A 52-week high of $16.47 was reached on 02/17/23 after having rallying from a 52-week low of $12.27. Since the beginning of this year, PRMW’s stock price has dropped by -2.12% or -$0.33, and marked a new high 5 times. However, the stock has declined by -7.65% since its 52-week high.
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PRMW stock investors should be aware that Primo Water Corporation (PRMW) stock had its last reported insider trading activity 192 days ago on Feb 08. FOWDEN JEREMY S G, the Director of the company, disposed of 47,630 shares for $16.01 on Feb 08. It resulted in a $762,685 divestment by the insider. FOWDEN JEREMY S G sold 90,463 shares at an average price of $16.12 on Jan 09. The insider now owns 1,268,770 shares following the transaction. On Jan 06, Director FOWDEN JEREMY S G sold 3,760 shares at $16.00 apiece. The transaction was valued at $60,159.
Valuation Metrics
Right now, Primo Water Corporation (PRMW) has a P/E ratio of about 28.86. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 1.08, the price-to-book (PB) ratio of 1.91, and the price-to-cash flow ratio of 30.25 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08. On Wednesday February 22 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Primo Water Corporation’s quick ratio stood at 0.60, while its current ratio was 0.80, 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 June 29 was 1.02, and the total debt-to-equity ratio was 1.21. On the profitability front, the trailing twelve-month gross margin is 60.20% percent. In the year ended June 29, EBITDA margin amounted to 17.34%, whereas operating margins totaled 7.80%. Based on annual data, PRMW earned $1.29 billion in gross profit and brought in $2.22 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 3.90%. Return on equity (ROE) for the past 12 months was 6.80%.
In Primo Water Corporation’s quarter-end financial report for June 29, it reported total debt of $1.29 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 3.69% to $546.5 million during the quarter, while net income inched up to $593.3 million. While analysts expected Primo Water Corporation to report $0.2 quarterly earnings, the actual figure was $0.24 per share. During the quarter, the company generated $111.4 million in EBITDA. The liabilities of Primo Water Corporation were 2.39 billion at the end of its most recent quarter ended June 29, and its total debt was $1.75 billion. The value of shareholders’ equity is $159.38 million.
Technical Picture
This quick technical analysis looks at Primo Water Corporation’s (PRMW) price momentum. With a historical volatility rate of 50.87%, the RSI 9-day stood at 65.30% on 18 August.
With respect to its five-day moving average, the current Primo Water Corporation price is up by +0.40% percent or $0.06. At present, PRMW shares trade +9.11% above its 20-day simple moving average and +4.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.97% above its SMA50 and +4.25% above its SMA200.
Stochastic coefficient K was 84.28% and Stochastic coefficient D was 87.16%, while ATR was 0.38. Given the Stochastic reading of 84.46% for the 14-day period, the RSI (14) reading has been calculated as 65.09%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at 0.61.
