Premier Inc (NASDAQ:PINC) currently has a daily average trading volume of 1.42M but it saw 1484564 shares traded in last market. With a market cap of 1.71B USD, the company’s current market price of $18.71 came falling about -0.64 while comparing to the previous closing price of $18.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $23.56 and as low as $17.23. In the recent trading on the day, stock has struck highest price mark of $18.625 while lowest mark touched by it was $18.94.
Taking a look at 20-day trading activity of Premier Inc (PINC) gives us an average price of $18.20, while its current price level is -20.59% below from 52-week high level whereas it is 8.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $19.69 while that of 200 days or SMA-200 reads an average of $20.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.26% during that period while stretching the period over a month that increases to 2.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.80 which implies that the stock is in neutral territory.
Canaccord Genuity downgraded its recommendation for the stock as a “Hold” from “Buy” on May 08, 2024 while assigning a price target range of $27-$21. Leerink Partners issued its recommendations for the stock as it initiated the price target for the stock is $22.50.
Over the week, PINC’s stock price is moving 4.12% up while it is -0.16% when we observe its performance for the past one month. Year-to-date it is -11.75% down and over the past year, the stock is showing a downside performance of -14.13%.
The company is expected to be releasing its next quarterly report on 2025-Feb-03, for which analysts forecasted an EPS of 0.3 while estimate for next year EPS is 1.29. In next quarter, company is expected to be making quarterly sales of $256.58M as analysts are expecting the sales for current fiscal year at $987.51M and seeing the company making $983.31M in sales next year. Moreover, analysts are in estimates of $242.94M for current-quarter revenue.
Currently, Premier Inc’s total number of outstanding shares is 91.68M with 1.09% of that held by the insiders while 87.37% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.20% and return on equity (ROE) at 1.76%. It has a 13.98 of forward P/E ratio. Stock’s beta reads 0.53. Stock has a price to book (P/B) ratio of 1.00 while price to sale or P/S ratio amounts to 1.45. Its return on asset (ROA) is 1.04% on average.
