With 1.35 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.07 million shares. The 52-week range on PRME shows that it touched its highest point at $8.91 and its lowest point at $2.22 during that stretch. It currently has a 1-year price target of $12.90. Beta for the stock currently stands at 1.85.
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 PRME was down-trending over the past week, with a drop of -16.79%, but this was down by -21.25% over a month. Three-month performance dropped to -33.18% while six-month performance fell -48.84%. The stock lost -74.45% in the past year, while it has lost -24.49% so far this year. A look at the trailing 12-month EPS for PRME yields -1.70 with Next year EPS estimates of -1.15. For the next quarter, that number is -0.31. This implies an EPS growth rate of 30.46% for this year and 0.08% for next year. EPS is expected to grow by 12.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -124.13%.
Float and Shares Shorts:
At present, 131.16 million PRME shares are outstanding with a float of 51.92 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 PRME since 5 analysts follow the stock currently. There are 4 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 -$1.32945 being high and -$1.8268 being low. For PRME, this leads to a yearly average estimate of -$1.60682. Based on analyst estimates, the high estimate for the next quarter is -$0.19 and the low estimate is -$0.35. The average estimate for the next quarter is thus -$0.3.
Summary of Insider Activity:
Insiders traded PRME stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
