Premier Inc (PINC) down -2.33% since start of the year

Premier Inc (NASDAQ: PINC) is -2.33% 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 $21.24 in the last trading session, with the day’s gains setting it 0.6%.

Currently trading at $21.84, the stock is 0.36% and -0.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.64 million and changing 2.82% at the moment leaves the stock -7.82% off its SMA200. PINC registered -32.65% loss for a year compared to 6-month loss of -18.87%. The firm has a 50-day simple moving average (SMA 50) of $1.83 and a 200-day simple moving average (SMA200) of $6.46.

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The stock witnessed a -1.80% gain in the last 1 month and extending the period to 3 months gives it a 13.75%, and is 4.25% up 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 3.82% over the week and 2.62% over the month.

Premier Inc (PINC) has around Feb 29 2024 employees, a market worth around $2.62B and $1.32B in sales. Current P/E ratio is 15.66 and Fwd P/E is 9.37. Profit margin for the company is 12.71%. Distance from 52-week low is 15.62% and -35.29% 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.

Premier Inc (PINC) Top Institutional Holders

380 institutions hold shares in Premier Inc (PINC), with institutional investors hold 78.67% of the company’s shares. The shares outstanding are 119.16M, and float is at 118.74M with Short Float at 3.58%. Institutions hold 78.02% 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?

The company’s main competitors (and peers) include InfuSystems Holdings Inc. (INFU) that is trading -1.73% down over the past 12 months. Corvel Corp. (CRVL) that is 36.58% higher over the same period.