Primo Brands Corp (NYSE:PRMB) does about 1.89M shares in volume on a normal day but saw 1702381 shares change hands in the recent trading day. The company now has a market cap of 15.65B USD. Its current market price is $28.92, marking an increase of 2.12% compared to the previous close of $28.32. 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 -0.92% off the 52-week high compared with 112.33% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 4.01%, which increases to 4.93% 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 68.22 to suggest the stock is neutral.
The consensus objective for the share price is $32.60, suggesting that the stock has a potential upside of 11.29% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 18, 2024 when Deutsche Bank resumed the stock to “Buy” and issued a price target of $33.
The current price level is 8.45%, 12.55%, and 37.63% 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 1.15% over the week and 8.52% over the past month. Its price is 98.36% year-to-date and 106.02% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.19 and 1.01 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.55B.
To reach the target analysts have set, the stock logically needs to grow 11.29 percent from here.
The company has a return on investment of 8.56% and return on equity of 6.02%. The price to earnings ratio (P/E ratio) amounts to 18.85 while the forward price to earnings ratio is 24.57. The beta has a value of 1.10. Price to book ratio is 3.13 and price to sales ratio is 8.29.
