With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. The 52-week range on PLMR shows that it touched its highest point at $157.54 and its lowest point at $77.28 during that stretch. It currently has a 1-year price target of $166.50. Beta for the stock currently stands at 0.45.
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 PLMR was up-trending over the past week, with a rise of 8.14%, but this was up by 20.64% over a month. Three-month performance surged to 43.38% while six-month performance rose 77.44%. The stock gained 94.04% in the past year, while it has gained 48.52% so far this year. A look at the trailing 12-month EPS for PLMR yields 5.01 with Next year EPS estimates of 7.88. For the next quarter, that number is 1.64. This implies an EPS growth rate of 33.16% for this year and 16.26% for next year. EPS is expected to grow by 21.21% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 55.93%.
Float and Shares Shorts:
At present, 26.74 million PLMR shares are outstanding with a float of 26.10 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 PLMR since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 $4.9102 being high and $4.69064 being low. For PLMR, this leads to a yearly average estimate of $4.80042.
