At the time of writing, Primo Water Corporation [PRMW] stock is trading at $15.96, up 1.33%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PRMW shares have gain 4.59% over the last week, with a monthly amount glided 7.84%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 22, February 2024, Primo Water Reports Full-Year And Fourth Quarter 2023 Results. In a post published today on Yahoo Finance, Reports strong year-over-year growth in Revenue, Net Income, Adjusted EBITDA, Margins and Adjusted Free Cash Flow.
From an analyst’s perspective:
Primo Water Corporation [NYSE: PRMW] stock has seen the most recent analyst activity on February 24, 2023, when CIBC downgraded its rating to a Neutral. Previously, Scotiabank upgraded its rating to Sector Outperform on March 09, 2021. On January 08, 2021, upgrade upgraded it’s rating to Strong Buy and revised its price target to $21 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $17 on September 22, 2020. Deutsche Bank initiated its recommendation with a Hold and recommended $12 as its price target on April 20, 2020. BMO Capital Markets downgraded its rating to Market Perform for this stock on January 14, 2020. In a note dated November 06, 2019, Lake Street downgraded an Hold rating on this stock and revised its target price from $18 to $14.
For the past year, the stock price of Primo Water Corporation fluctuated between $12.27 and $15.94. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Primo Water Corporation [NYSE: PRMW] shares were valued at $15.96 at the most recent close of the market. An investor can expect a potential return of 0.25% based on the average PRMW price forecast.
Analyzing the PRMW fundamentals
According to Primo Water Corporation [NYSE:PRMW], the company’s sales were 2.20B for trailing twelve months, which represents an -17.69% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.59 points at the first support level, and at 15.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.18, and for the 2nd resistance point, it is at 16.40.
Primo Water Corporation [PRMW] reported earnings per share of $0.12 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.05 and a surprise factor of -29.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.33 per share as compared to estimates of $0.27 per share, a difference of $0.06 representing a surprise of 22.20%.
Ratios To Look Out For
It is important to note that Primo Water Corporation [NYSE:PRMW] has a current ratio of 2.03. Further, the Quick Ratio stands at 1.92, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 10.75.
