At the time of writing, Perimeter Solutions Inc [PRM] stock is trading at $13.02, up 0.46%. 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 PRM shares have gain 1.48% over the last week, with a monthly amount glided 7.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Perimeter Solutions Inc [NYSE: PRM] stock has seen the most recent analyst activity on October 11, 2023, when UBS downgraded its rating to a Neutral and also revised its price target to $4.25 from $7. Previously, Morgan Stanley started tracking the stock with Overweight rating on June 09, 2022, and set its price target to $14. On April 14, 2022, UBS initiated with a Buy rating and assigned a price target of $15 on the stock.
For the past year, the stock price of Perimeter Solutions Inc fluctuated between $3.88 and $14.44. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Perimeter Solutions Inc [NYSE: PRM] shares were valued at $13.02 at the most recent close of the market. An investor can expect a potential drop of -46.24% based on the average PRM price forecast.
Analyzing the PRM fundamentals
According to Perimeter Solutions Inc [NYSE:PRM], the company’s sales were 534.19M for trailing twelve months, which represents an 102.17% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.15 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 12.58 points at the first support level, and at 12.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.27, and for the 2nd resistance point, it is at 13.51.
Ratios To Look Out For
It is important to note that Perimeter Solutions Inc [NYSE:PRM] has a current ratio of 3.91. Further, the Quick Ratio stands at 2.95, while the Cash Ratio is 1.99. Considering the valuation of this stock, the price to sales ratio is 3.56, the price to book ratio is 1.89.
Transactions by insiders
Recent insider trading involved Cool Tracy Britt, Director, that happened on Nov 22 ’24 when 50000.0 shares were sold. Director, Tracy Britt Cool completed a deal on Nov 22 ’24 to buy 50000.0 shares. Meanwhile, Chief Executive Officer Khouri Haitham sold 100000.0 shares on Nov 14 ’24.
