Primo Water Corporation (NYSE: PRMW) is 72.23% higher on its value in year-to-date trading and has touched a low of $13.62 and a high of $27.18 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 PRMW stock was last observed hovering at around $25.42 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $25.11, the stock is -3.19% and 2.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.76 million and changing -1.22% at the moment leaves the stock 24.47% off its SMA200. PRMW registered 75.49% gain for a year compared to 6-month gain of 28.76%. The firm has a 50-day simple moving average (SMA 50) of $25.0914 and a 200-day simple moving average (SMA200) of $20.76735.
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The stock witnessed a 2.78% loss in the last 1 month and extending the period to 3 months gives it a 18.90%, and is -3.86% 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 2.89% over the week and 2.31% over the month.
Primo Water Corporation (PRMW) has around 6400 employees, a market worth around $5.78B and $2.00B in sales. Current P/E ratio is 47.29 and Fwd P/E is 25.16. Profit margin for the company is 4.26%. Distance from 52-week low is 84.35% and -7.63% from its 52-week high. The company has generated returns on investments over the last 12 months (3.00%).
The EPS is expected to grow by 50.75% this year.
Primo Water Corporation (PRMW) Top Institutional Holders
406.0 institutions hold shares in Primo Water Corporation (PRMW), with institutional investors hold 93.45% of the company’s shares. The shares outstanding are 159.48M, and float is at 156.16M with Short Float at 2.85%. Institutions hold 91.32% of the Float.
The top institutional shareholder in the company is FMR LLC with over 14.67 million shares valued at $320.63 million. The investor’s holdings represent 9.1917% of the PRMW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.0 million shares valued at $262.21 million to account for 7.517 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.86 million shares representing 6.8032% and valued at over $237.31 million, while FULLER & THALER ASSET MANAGEMENT, INC. holds 4.8001 of the shares totaling 7.66 million with a market value of $167.44 million.
Primo Water Corporation (PRMW) Insider Activity
The most recent transaction is an insider purchase by PRIM BILLY D, the company’s Director. SEC filings show that PRIM BILLY D bought 2 shares of the company’s common stock on Jun 17 ’24 at a price of $24.99 per share for a total of $50.0. Following the purchase, the insider now owns 1.11 million shares.
