Perimeter Solutions Inc (NYSE: PRM) is 0.94% higher on its value in year-to-date trading and has touched a low of $3.88 and a high of $14.44 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 PRM stock was last observed hovering at around $12.63 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $12.90, the stock is 1.43% and -0.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing 2.14% at the moment leaves the stock 24.59% off its SMA200. PRM registered 216.95% gain for a year compared to 6-month gain of 61.86%. The firm has a 50-day simple moving average (SMA 50) of $12.942 and a 200-day simple moving average (SMA200) of $10.32595.
The stock witnessed a 0.55% loss in the last 1 month and extending the period to 3 months gives it a 3.04%, and is 4.03% 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 6.46% over the week and 4.35% over the month.
Perimeter Solutions Inc (PRM) has around 228 employees, a market worth around $1.89B and $534.19M in sales. Fwd P/E is 19.63. Profit margin for the company is -30.57%. Distance from 52-week low is 232.47% and -10.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.08%).
with sales reaching $71.48M over the same period.The EPS is expected to grow by 1892.30% this year, but quarterly earnings will post 68.55% year-over-year. Quarterly sales are estimated to grow 20.23% in year-over-year returns.
Perimeter Solutions Inc (PRM) Top Institutional Holders
246.0 institutions hold shares in Perimeter Solutions Inc (PRM), with institutional investors hold 90.68% of the company’s shares. The shares outstanding are 145.24M, and float is at 138.03M with Short Float at 2.25%. Institutions hold 83.15% of the Float.
The top institutional shareholder in the company is WINDACRE PARTNERSHIP LLC with over 21.6 million shares valued at $169.13 million. The investor’s holdings represent 14.863% of the PRM Shares outstanding. As of 2024-06-30, the second largest holder is PRINCIPAL FINANCIAL GROUP INC with 10.58 million shares valued at $82.86 million to account for 7.2821 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.41 million shares representing 7.1666% and valued at over $81.55 million, while JPMORGAN CHASE & CO holds 6.1896 of the shares totaling 8.99 million with a market value of $70.39 million.
Perimeter Solutions Inc (PRM) Insider Activity
The most recent transaction is an insider sale by Cool Tracy Britt, the company’s Director. SEC filings show that Cool Tracy Britt sold 50,000 shares of the company’s common stock on Nov 22 ’24 at a price of $12.81 per share for a total of $0.64 million. Following the sale, the insider now owns 0.17 million shares.
Still, SEC filings show that on Nov 14 ’24, Khouri Haitham (Chief Executive Officer) disposed off 100,000 shares at an average price of $12.17 for $1.22 million. The insider now directly holds 329,989 shares of Perimeter Solutions Inc (PRM).
