As of Thursday close, Perimeter Solutions SA’s (NYSE:PRM) stock was down -$0.36, moving down -6.56 percent to $5.13. The average number of shares traded per day over the past five days has been 1,153,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.73 fall in that time frame. In the last twenty days, the average volume was 973,890, while in the previous 50 days, it was 997,092.
Since last month, PRM stock retreated -7.73%. Shares of the company fell to $5.12 on 09/21/23, the lowest level in the past month. A 52-week high of $11.25 was reached on 02/03/23 after having rallying from a 52-week low of $5.20. Since the beginning of this year, PRM’s stock price has dropped by -43.87% or -$4.01, and marked a new high 3 times. However, the stock has declined by -54.40% since its 52-week high.
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Sponsored
PRM stock investors should be aware that Perimeter Solutions SA (PRM) stock had its last reported insider trading activity 290 days ago on Dec 06. Haitham Khouri, the Vice Chairman of the company, disposed of 126,952 shares for $10.45 on Dec 06. It resulted in a $1,326,648 divestment by the insider. Haitham Khouri sold 38,923 shares at an average price of $10.84 on Dec 05. The insider now owns 1,344,652 shares following the transaction. On Dec 02, Vice Chairman Haitham Khouri sold 22,599 shares at $10.96 apiece. The transaction was valued at $247,685.
Valuation Metrics
Right now, Perimeter Solutions SA (PRM) has a P/E ratio of about 8.45. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 2.46, the price-to-book (PB) ratio of 0.68.
Financial Health
In the three months ended June 29, Perimeter Solutions SA’s quick ratio stood at 1.50, while its current ratio was 3.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.66, and the total debt-to-equity ratio was 0.66. On the profitability front, the trailing twelve-month gross margin is 45.30% percent. In the year ended June 29, EBITDA margin amounted to 55.83%, whereas operating margins totaled 48.10%. Based on annual data, PRM earned $142.65 million in gross profit and brought in $360.5 million 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 6.50%. Return on equity (ROE) for the past 12 months was 9.30%.
In Perimeter Solutions SA’s quarter-end financial report for June 29, it reported total debt of $665.88 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PRM’s revenue fell -32.61% to $43.86 million during the quarter, while net income inched up to $76.14 million. While analysts expected Perimeter Solutions SA to report -$0.05 quarterly earnings, the actual figure was $0.31 per share. During the quarter, the company generated $79.89 million in EBITDA. The liabilities of Perimeter Solutions SA were 1.21 billion at the end of its most recent quarter ended June 29, and its total debt was $792.6 million. The value of shareholders’ equity is $154.52 million.
Technical Picture
This quick technical analysis looks at Perimeter Solutions SA’s (PRM) price momentum. With a historical volatility rate of 49.08%, the RSI 9-day stood at 29.83% on 21 September.
With respect to its five-day moving average, the current Perimeter Solutions SA price is down by -12.46% percent or -$0.73. At present, PRM shares trade -9.20% below its 20-day simple moving average and -31.42% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.22% below its SMA50 and -52.94% below its SMA200.
Stochastic coefficient K was 24.83% and Stochastic coefficient D was 40.31%, while ATR was 0.23. Given the Stochastic reading of 1.10% for the 14-day period, the RSI (14) reading has been calculated as 35.70%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.17.
Analyst Ratings
Morgan Stanley launched its rating on Perimeter Solutions SA (NYSE: PRM) to an Overweight in a note to investors on June 09, 2022. Perimeter Solutions SA (PRM) has been rated Buy by analysts. According to 0 brokerage firms, PRM is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Perimeter Solutions SA stock as buy, with 2 recommending it as overweight.
With a median target price of $9.50, the current consensus forecast for the stock is $7.00 – $12.00. Based on these forecasts, analysts predict Perimeter Solutions SA (PRM) will achieve an average price target of $9.50.
