As of Friday close, Premier Inc.’s (NASDAQ:PINC) stock was down -$0.4, moving down -1.55 percent to $25.36. The average number of shares traded per day over the past five days has been 783,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.56 fall in that time frame. In the last twenty days, the average volume was 590,560, while in the previous 50 days, it was 631,312.
Since last month, PINC stock retreated -8.91%. Shares of the company fell to $25.34 on 08/18/23, the lowest level in the past month. A 52-week high of $38.10 was reached on 01/04/23 after having rallying from a 52-week low of $24.88. Since the beginning of this year, PINC’s stock price has dropped by -27.50% or -$9.62, and marked a new high 2 times. However, the stock has declined by -33.43% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Right now, Premier Inc. (PINC) has a P/E ratio of about 16.56. The stock’s beta is 0.31. Besides these, the trailing price-to-sales (P/S) ratio of 2.25, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 8.45 may also be considered.
The latest dividend of $0.21 per share was paid out, remained unchanged from last year’s $0.21. On Thursday August 4 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended March 30, Premier Inc.’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 0.05, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 66.40% percent. In the year ended March 30, EBITDA margin amounted to 27.96%, whereas operating margins totaled 19.60%. Based on annual data, PINC earned $885.04 million in gross profit and brought in $1.43 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 7.50%. Return on equity (ROE) for the past 12 months was 8.00%.
In Premier Inc.’s quarter-end financial report for March 30, it reported total debt of $1.01 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PINC’s revenue fell -7.94% to $359.63 million during the quarter, while net income inched up to $322.23 million. While analysts expected Premier Inc. to report $0.58 quarterly earnings, the actual figure was $0.58 per share. During the quarter, the company generated $94.76 million in EBITDA. The liabilities of Premier Inc. were 1.18 billion at the end of its most recent quarter ended March 30, and its total debt was $498.32 million. The value of shareholders’ equity is $119.08 million.
Technical Picture
This quick technical analysis looks at Premier Inc.’s (PINC) price momentum. With a historical volatility rate of 7.65%, the RSI 9-day stood at 15.57% on 18 August.
With respect to its five-day moving average, the current Premier Inc. price is down by -5.79% percent or -$1.56. At present, PINC shares trade -8.02% below its 20-day simple moving average and -20.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.93% below its SMA50 and -27.29% below its SMA200.
Stochastic coefficient K was 6.24% and Stochastic coefficient D was 5.92%, while ATR was 0.47. Given the Stochastic reading of 0.71% for the 14-day period, the RSI (14) reading has been calculated as 24.01%. As of today, the MACD Oscillator reading stands at -0.81, while the 14-day reading stands at -1.26.
Analyst Ratings
Premier Inc. downgraded its rating on Premier Inc. (NASDAQ: PINC) to a Neutral in a note to investors on May 03, 2023. The analysts firm previously had an Outperform rating on the stock.Premier Inc. (PINC) has been rated Overweight by analysts. According to 0 brokerage firms, PINC is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Premier Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $26.00 – $44.00. Based on these forecasts, analysts predict Premier Inc. (PINC) will achieve an average price target of $33.40.
