With 1.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.99 million shares. The 52-week range on PRIM shows that it touched its highest point at $90.86 and its lowest point at $45.92 during that stretch. It currently has a 1-year price target of $85.18. With its current market cap of 3.51 billion, PRIM has annualized dividend of $0.28 while the current yield stands at 0.43%. Beta for the stock currently stands at 1.34.
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 up-trending over the past week, with a rise of 6.22%, but this was up by 23.62% over a month. Three-month performance dropped to -13.36% while six-month performance rose 3.96%. The stock gained 38.42% in the past year, while it has lost -14.79% so far this year. A look at the trailing 12-month EPS for PRIM yields 3.77 with Next year EPS estimates of 4.94. For the next quarter, that number is 1.12. This implies an EPS growth rate of 12.01% for this year and 13.87% for next year. EPS is expected to grow by 11.81% 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, 54.00 million PRIM shares are outstanding with a float of 53.32 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 $1.46 and the low estimate is $1.17. The average estimate for the next quarter is thus $1.34.
