Premier Inc (PINC) – Don’t Believe the Hype: Check The Facts

Premier Inc (NASDAQ: PINC) is -5.86% lower on its value in year-to-date trading and has touched a low of $18.89 and a high of $33.75 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 PINC stock was last observed hovering at around $21.29 in the last trading session, with the day’s loss setting it -0.24%.

Currently trading at $21.05, the stock is -3.79% and -3.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing -1.13% at the moment leaves the stock -11.59% off its SMA200. PINC registered -36.27% loss for a year compared to 6-month loss of -22.44%. The firm has a 50-day simple moving average (SMA 50) of $1.76 and a 200-day simple moving average (SMA200) of $6.20.

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The stock witnessed a -5.82% gain in the last 1 month and extending the period to 3 months gives it a 6.69%, and is -3.26% 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 3.39% over the week and 2.54% over the month.

Premier Inc (PINC) has around 2800 employees, a market worth around $2.52B and $1.32B in sales. Current P/E ratio is 15.10 and Fwd P/E is 9.04. Profit margin for the company is 12.71%. Distance from 52-week low is 11.43% and -37.63% from its 52-week high. The company has generated returns on investments over the last 12 months (5.51%).

Premier Inc quarterly earnings per share for the current quarter are estimated at $0.48 with sales reaching $320.08M over the same period.The EPS is expected to shrink by -14.07% this year, but quarterly earnings will post -2.80% year-over-year. Quarterly sales are estimated to shrink -0.70% in year-over-year returns.

382 institutions hold shares in Premier Inc (PINC), with institutional investors hold 77.16% of the company’s shares. The shares outstanding are 119.16M, and float is at 118.59M with Short Float at 3.72%. Institutions hold 76.52% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 12.42 million shares valued at $343.44 million. The investor’s holdings represent 10.42% of the PINC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.89 million shares valued at $163.06 million to account for 4.95% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 4.1 million shares representing 3.44% and valued at over $113.38 million, while First Trust Advisors LP holds 2.95% of the shares totaling 3.51 million with a market value of $97.2 million.

Premier Inc (PINC) Insider Activity

A total of 27 insider transactions have happened at Premier Inc (PINC) in the last six months, with sales accounting for 12 and purchases happening 15 times.

Premier Inc (PINC): Who are the competitors?

One of the company’s main competitors (and peers) include InfuSystems Holdings Inc. (INFU) that is trading -7.04% down over the past 12 months.Corvel Corp. (CRVL) lies in the list of competitors of the Premier Inc and is 32.76% higher over the same period from PINCMcKesson Corp. (MCK) is 34.28% up on the 1-year trading charts.