Primo Water Corporation [PRMW] has traded in a range of $6.33 to $16.00 in the last 1 year. As of this writing, the stock is at $13.91, down -2.25%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, PRMW shares are -1.52% down with the monthly amount drift of -1.86% and seems bad in a long time frame.

On 13, October 2020, Primo Water Corporation Announces Acquisition of Mountain Valley Water Company of Los Angeles, Adding Over 8,000 Customers. According to news published on Yahoo Finance, Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the “Company” or “Primo”), a leading provider of water direct to consumers and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada, today announced that Primo Water North America (“Primo NA”), a wholly-owned subsidiary of Primo, has acquired substantially all of the assets of Mountain Valley Water Company of Los Angeles (“MVLA”).

Analyst Birdseye View:

The most recent analyst activity for Primo Water Corporation [NYSE:PRMW] stock was on April 20, 2020, when it was Initiated with a Hold rating from Deutsche Bank, which also raised its 12-month price target on the stock to $12. Before that, on September 22, 2020, Raymond James Recapitulated an Outperform rating and elevated its amount target to $17. On January 14, 2020, BMO Capital Markets Downgrade a Market perform rating. On November 06, 2019, Lake Street Downgrade a Hold rating and decreased its price target from $18 to $14. On September 06, 2019, B. Riley FBR Resumed a Buy rating and increased its price target to $18. On June 18, 2019, Imperial Capital Reiterated an Outperform rating and boosted its amount target on this stock to $18. On March 08, 2019, Imperial Capital Reiterated an Outperform rating and decreased its target amount on this stock from $20 to $18. On November 16, 2018, BMO Capital Markets Upgrade an Outperform rating and amplified its amount target to $17.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.33 and a peak of $16.00. Right now, according to Wall Street analyst the average 12-month amount target is $16.92. At the most recent market close, shares of Primo Water Corporation [NYSE:PRMW] were valued at $13.91. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Primo Water Corporation [NYSE:PRMW] most recently reported quarterly sales of 632.87 billion, which represented growth of 0.30%. This publicly-traded organization’s revenue is $274,374 per employee, while its income is -$11 per employee. This company’s Gross Margin is currently 54.00%, its Operating Margin is -2.60%, its Pretax Margin is +0.39, and its Net Margin is +0.00. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.00, -0.01, 4.67 and 0.00 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 57.37 and the whole liability to whole assets at 46.29. It shows enduring liability to the whole principal at 52.20 and enduring liability to assets at 0.42 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 14.08 points at 1st support level, the second support level is making up to 13.94. But as of 1st resistance point, this stock is sitting at 14.46 and at 14.69 for 2nd resistance point.

Primo Water Corporation [PRMW] reported its earnings at $0.08 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.03/share signifying the difference of 0.05 and 166.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.04 calling estimates for -$0.01/share with the difference of 0.05 depicting the surprise of 500.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Primo Water Corporation [NYSE:PRMW] is 0.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.34. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.75 and it’s amount to book ratio is 1.57.

Insider Stories

The most recent insider trade was by BRENNER RICHARD A, Director, and it was the sale of 90.0 shares on Feb 14. BRENNER RICHARD A, the Director, completed a sale of 90.0 shares on Feb 14. On Feb 13, PRIM BILLY D, Interim CEO; Exec. Chairman, completed a sale of 5361.0 shares.