Primo Brands Corp (NYSE:PRMB) does about 1.73M shares in volume on a normal day but saw 5437341 shares change hands in the recent trading day. The company now has a market cap of 4.62B USD. Its current market price is $28.59, marking an increase of 0.78% compared to the previous close of $28.37. The 52 week high reached by this stock is $29.19 whilst the lowest price level in 52 weeks is $13.62.
Primo Brands Corp (PRMB) has the current price is -2.06% off the 52-week high compared with 109.90% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 5.29%, which decreases to 4.43% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.03 to suggest the stock is overbought.
The consensus objective for the share price is $32.50, suggesting that the stock has a potential upside of 12.03% over the period.
The current price level is 8.78%, 13.70%, and 38.39% away from its SMA20, SMA50, and SMA200 respectively, with the PRMB price moving above the 50-day SMA on current market day. Primo Brands Corp (PRMB) stock is up 18.09% over the week and 8.30% over the past month. Its price is 96.09% year-to-date and 101.17% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of 0.12 below consensus estimates by -0.05. The company’s next earnings report forecasts estimating quarterly EPS at 0.23 and 0.99 for whole year. Expected sales for next quarter are $470M, which analysts say will come at $1.89B for the current fiscal year and next year at $2B. In addition, estimates put the company’s current quarterly revenue at an average of $454.82M.
To reach the target analysts have set, the stock logically needs to grow 12.03 percent from here.
The company has a return on investment of 2.86% and return on equity of 6.02%. The price to earnings ratio (P/E ratio) amounts to 55.94 while the forward price to earnings ratio is 24.56. The beta has a value of 1.10. Price to book ratio is 3.09 and price to sales ratio is 2.45.
