As of Thursday close, Primo Water Corporation’s (NYSE:PRMW) stock was down -$0.2, moving down -1.39 percent to $14.23. The average number of shares traded per day over the past five days has been 1,264,520 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.59 fall in that time frame. In the last twenty days, the average volume was 858,795, while in the previous 50 days, it was 970,998.
Since last month, PRMW stock retreated -4.62%. Shares of the company fell to $14.23 on 09/21/23, 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 -8.43% or -$1.31, and marked a new high 5 times. However, the stock has declined by -13.60% since its 52-week high.
PRMW stock investors should be aware that Primo Water Corporation (PRMW) stock had its last reported insider trading activity 226 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 27.00. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 1.02, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 28.45 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 3.71% to $546.3 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 14.85%, the RSI 9-day stood at 27.05% on 21 September.
With respect to its five-day moving average, the current Primo Water Corporation price is down by -3.98% percent or -$0.59. At present, PRMW shares trade -4.94% below its 20-day simple moving average and -6.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately +11.26% above its SMA50 and -11.56% below its SMA200.
Stochastic coefficient K was 6.78% and Stochastic coefficient D was 14.36%, while ATR was 0.27. Given the Stochastic reading of 0.40% for the 14-day period, the RSI (14) reading has been calculated as 37.02%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.33.
Analyst Ratings
Primo Water Corporation downgraded its rating on Primo Water Corporation (NYSE: PRMW) to a Neutral in a note to investors on February 24, 2023. The analysts firm previously had a Sector outperform rating on the stock.Primo Water Corporation (PRMW) has been rated Overweight by analysts. According to 0 brokerage firms, PRMW is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Primo Water Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $15.00 – $25.00. Based on these forecasts, analysts predict Primo Water Corporation (PRMW) will achieve an average price target of $20.07.
