Primoris Services Corp (NYSE: PRIM) is 43.93% higher on its value in year-to-date trading and has touched a low of $23.70 and a high of $48.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRIM stock was last observed hovering at around $47.67 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $47.80, the stock is 4.78% and 10.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 0.27% at the moment leaves the stock 35.05% off its SMA200. PRIM registered 96.06% gain for a year compared to 6-month gain of 57.55%.
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The stock witnessed a 4.16% loss in the last 1 month and extending the period to 3 months gives it a 31.86%, and is 4.46% 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 2.51% over the week and 2.92% over the month.
Primoris Services Corp (PRIM) has around 14058 employees, a market worth around $2.55B and $5.72B in sales. Current P/E ratio is 20.59 and Fwd P/E is 13.58. Profit margin for the company is 2.21%. Distance from 52-week low is 101.65% and -1.97% from its 52-week high. The company has generated returns on investments over the last 12 months (5.29%).
The EPS is expected to grow by 6.57% this year
The shares outstanding are 53.37M, and float is at 52.75M with Short Float at 2.09%.
Primoris Services Corp (PRIM) Insider Activity
The most recent transaction is an insider sale by Schauerman John P., the company’s Director. SEC filings show that Schauerman John P. sold 20,000 shares of the company’s common stock on Mar 21 ’24 at a price of $41.31 per share for a total of $0.83 million. Following the sale, the insider now owns 0.22 million shares.
Primoris Services Corp disclosed in a document filed with the SEC on Mar 15 ’24 that Schauerman John P. (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $40.61 per share for $0.81 million. Following the transaction, the insider now directly holds 0.24 million shares of the PRIM stock.
Still, SEC filings show that on Mar 13 ’24, King David Lee (Director) disposed off 2,500 shares at an average price of $40.69 for $0.1 million. The insider now directly holds 29,217 shares of Primoris Services Corp (PRIM).
