Primoris Services Corp (NYSE:PRIM) shares, rose in value on Friday, May 09, with the stock price down by -0.26% to the previous day’s close as strong demand from buyers drove the stock to $68.30.
Actively observing the price movement in the last trading, the stock closed the session at $68.48. The PE ratio was 18.11 over 12-month period. Referring to stock’s 52-week performance, its high was $90.86, and the low was $45.92. On the whole, PRIM has fluctuated by 16.59% over the past month.
With the market capitalization of Primoris Services Corp currently standing at about $3.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 0.41%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PRIM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.39, with the price of PRIM currently trading nearly 11.76% and 10.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.84, while the 7-day volatility ratio is showing 3.89% which for the 30-day chart, stands at 3.89%. Furthermore, Primoris Services Corp (PRIM)’s beta value is 1.34, and its average true range (ATR) is 3.03.
A comparison of Primoris Services Corp (PRIM) with its peers suggests the former has fared considerably weaker in the market. PRIM showed an intraday change of -0.26% in last session, and over the past year, it grew by 43.28%%.
Data on historical trading for Primoris Services Corp (NYSE:PRIM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.03 million. According to company’s latest data on outstanding shares, there are 54.00 million shares outstanding.
Nearly 1.10% of Primoris Services Corp’s shares belong to company insiders and institutional investors own 95.71% of the company’s shares. The stock has fallen by -10.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRIM stock heading into the next quarter.
