Primo Water Corporation (NYSE:PRMW) price on Thursday, May 09, rose 8.55% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.83.
A look at the stock’s price movement, the level at last check in today’s session was $20.11. The PE ratio in trailing twelve months stood at 47.37. Turning to its 52-week performance, $20.36 and $12.27 were the 52-week high and 52-week low respectively. Overall, PRMW moved 23.12% over the past month.
Primo Water Corporation’s market cap currently stands at around $3.49 billion. The company has a Forward Dividend ratio of 0.33, with its dividend yield at 1.51%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 439.42M for the company’s revenue for the quarter, with a low and high estimate of 437M and 440M respectively. The average forecast suggests down to a -17.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.86B, representing a 5.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PRMW is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 3.67, with PRMW’s current price about 16.34% and 21.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 91.97, while 7-day volatility ratio is 2.03% and 1.73% in the 30-day chart. Further, Primo Water Corporation (PRMW) has a beta value of 1.05, and an average true range (ATR) of 0.53.
If we refocus on Primo Water Corporation (NYSE:PRMW), historical trading data shows that trading volumes averaged 1.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 159.48 million shares.
The 3.27% of Primo Water Corporation’s shares are in the hands of company insiders while institutional holders own 88.10% of the company’s shares. Current price change has pushed the stock 45.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRMW stock continues to rise going into the next quarter.