With 0.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. The 52-week range on PRIM shows that it touched its highest point at $90.86 and its lowest point at $37.00 during that stretch. It currently has a 1-year price target of $89.89. With its current market cap of 3.55 billion, PRIM has annualized dividend of $0.26 while the current yield stands at 0.39%. Beta for the stock currently stands at 1.13.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PRIM was down-trending over the past week, with a drop of -11.42%, but this was down by -24.95% over a month. Three-month performance dropped to -16.49% while six-month performance rose 24.97%. The stock gained 71.75% in the past year, while it has lost -13.59% so far this year. A look at the trailing 12-month EPS for PRIM yields 3.02 with Next year EPS estimates of 4.00. For the next quarter, that number is 0.75. This implies an EPS growth rate of 22.31% for this year and 14.85% for next year. EPS is expected to grow by 18.03% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.19%.
Float and Shares Shorts:
At present, 53.71 million PRIM shares are outstanding with a float of 53.12 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PRIM since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.49595 being high and $3.46581 being low. For PRIM, this leads to a yearly average estimate of $3.4859. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.47. The average estimate for the next quarter is thus $0.54.
