With 1.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.87 million shares. The 52-week range on PRME shows that it touched its highest point at $8.14 and its lowest point at $1.11 during that stretch. It currently has a 1-year price target of $7.50. Beta for the stock currently stands at 1.59.
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 -4.07%, but this was down by -31.79% over a month. Three-month performance dropped to -53.17% while six-month performance fell -64.56%. The stock lost -81.85% in the past year, while it has lost -59.59% so far this year. A look at the trailing 12-month EPS for PRME yields -1.66 with Next year EPS estimates of -1.00. For the next quarter, that number is -0.36. This implies an EPS growth rate of 23.35% for this year and 20.77% for next year. EPS is expected to grow by 18.29% 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 51.73 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 -$0.25 and the low estimate is -$0.31. The average estimate for the next quarter is thus -$0.28.
