As of Thursday close, Premier Inc.’s (NASDAQ:PINC) stock was down -$0.15, moving down -0.69 percent to $21.64. The average number of shares traded per day over the past five days has been 7,029,340 shares. 1 time new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 3,295,530, while in the previous 50 days, it was 1,729,732.
Since last month, PINC stock retreated -10.02%. Shares of the company fell to $21.05 on 08/25/23, the lowest level in the past month. A 52-week high of $35.57 was reached on 01/04/23 after having rallying from a 52-week low of $21.05. Since the beginning of this year, PINC’s stock price has dropped by -38.14% or -$13.34, and marked a new high 2 times. However, the stock has declined by -39.16% since its 52-week high.
Valuation Metrics
Right now, Premier Inc. (PINC) has a P/E ratio of about 14.81. The stock’s beta is 0.33. Besides these, the trailing price-to-sales (P/S) ratio of 1.89, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 6.98 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 June 29, Premier Inc.’s quick ratio stood at 0.70, 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 0.04, and the total debt-to-equity ratio was 0.18. On the profitability front, the trailing twelve-month gross margin is 67.10% percent. In the year ended June 29, operating margins totaled 18.10%. Based on annual data, PINC earned $896.29 million in gross profit and brought in $1.34 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 6.10%. Return on equity (ROE) for the past 12 months was 7.60%.
In Premier Inc.’s quarter-end financial report for June 29, it reported total debt of $0.73 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PINC’s revenue fell -0.34% to $322.23 million during the quarter, while net income inched up to $339.56 million. While analysts expected Premier Inc. to report $0.66 quarterly earnings, the actual figure was $0.68 per share, beating the consensus estimate by 3.00%. During the quarter, the company generated $66.08 million in EBITDA. The liabilities of Premier Inc. were 1.04 billion at the end of its most recent quarter ended June 29, and its total debt was $451.63 million. The value of shareholders’ equity is $119.17 million.
Technical Picture
This quick technical analysis looks at Premier Inc.’s (PINC) price momentum. With a historical volatility rate of 23.92%, the RSI 9-day stood at 33.23% on 21 September.
With respect to its five-day moving average, the current Premier Inc. price is up by +0.65% percent or $0.14. At present, PINC shares trade -1.14% below its 20-day simple moving average and -35.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.17% below its SMA50 and -36.13% below its SMA200.
Stochastic coefficient K was 19.72% and Stochastic coefficient D was 22.48%, while ATR was 0.67. Given the Stochastic reading of 14.05% for the 14-day period, the RSI (14) reading has been calculated as 33.03%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.51.
Analyst Ratings
Premier Inc. downgraded its rating on Premier Inc. (NASDAQ: PINC) to a Neutral in a note to investors on August 23, 2023. The analysts firm previously had an Overweight rating on the stock.Premier Inc. (PINC) has been rated Hold by analysts. According to 0 brokerage firms, PINC is a sell, and 4 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 2 recommending it as overweight.
With a median target price of $26.00, the current consensus forecast for the stock is $24.00 – $32.00. Based on these forecasts, analysts predict Premier Inc. (PINC) will achieve an average price target of $27.29.
