With 1.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.85 million shares. The 52-week range on PRIM shows that it touched its highest point at $90.86 and its lowest point at $39.63 during that stretch. It currently has a 1-year price target of $88.00. With its current market cap of 3.46 billion, PRIM has annualized dividend of $0.26 while the current yield stands at 0.40%. Beta for the stock currently stands at 1.16.
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 -3.58%, but this was down by -18.30% over a month. Three-month performance dropped to -22.44% while six-month performance rose 32.12%. The stock gained 57.42% in the past year, while it has lost -15.75% so far this year. A look at the trailing 12-month EPS for PRIM yields 3.31 with Next year EPS estimates of 4.93. For the next quarter, that number is 0.60. This implies an EPS growth rate of 11.22% for this year and 14.47% for next year. EPS is expected to grow by 12.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.51%.
Float and Shares Shorts:
At present, 53.74 million PRIM shares are outstanding with a float of 53.10 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 $1.28 and the low estimate is $1.03. The average estimate for the next quarter is thus $1.16.
