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Is Perimeter Solutions SA (PRM) a good stock to buy now?

Perimeter Solutions SA (NYSE: PRM) is -35.28% lower on its value in year-to-date trading and has touched a low of $7.92 and a high of $15.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRM stock was last observed hovering at around $9.36 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $14.25 for the next 12 months. It is also 38.0% off the consensus price target high of $14.50 offered by 2 analysts, but current levels are 35.79% higher than the price target low of $14.00 for the same period.

Currently trading at $8.99, the stock is -12.32% and -15.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.44 million and changing -3.95% at the moment leaves the stock -21.49% off its SMA200. PRM registered a loss of -24.14% in past 6-months.

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The stock witnessed a -21.07% gain in the last 1 month and extending the period to 3 months gives it a -24.77%, and is -10.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.05% over the week and 4.43% over the month.

Perimeter Solutions SA (PRM) has around 226 employees, a market worth around $1.60B and $400.00M in sales. Fwd P/E is 37.46. Distance from 52-week low is 13.51% and -40.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.80%).

Perimeter Solutions SA (PRM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Perimeter Solutions SA (PRM) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Perimeter Solutions SA is expected to release its quarterly report on 12/13/2022.

Perimeter Solutions SA (PRM) Top Institutional Holders

The shares outstanding are 162.92M, and float is at 153.92M with Short Float at 3.05%.

Perimeter Solutions SA (PRM) Insider Activity

A total of 7 insider transactions have happened at Perimeter Solutions SA (PRM) in the last six months, with sales accounting for 0 and purchases happening 7 times. The most recent transaction is an insider purchase by WindAcre Partnership Master Fu,the company’s10% Owner. SEC filings show that WindAcre Partnership Master Fu bought 1,600,000 shares of the company’s common stock on May 09 at a price of $8.65 per share for a total of $13.84 million. Following the purchase, the insider now owns 21.6 million shares.

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