Premier Inc (NASDAQ:PINC) currently has a daily average trading volume of 1.48M but it saw 776502 shares traded in last market. With a market cap of 1.86B USD, the company’s current market price of $20.35 came falling about -0.20 while comparing to the previous closing price of $20.39. 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 $20.11 while lowest mark touched by it was $20.45.
Taking a look at 20-day trading activity of Premier Inc (PINC) gives us an average price of $19.60, while its current price level is -13.62% below from 52-week high level whereas it is 18.14% 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 $18.93 while that of 200 days or SMA-200 reads an average of $20.28. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.15% during that period while stretching the period over a month that increases to 2.75%. 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 67.74 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 2.83% up while it is 5.55% when we observe its performance for the past one month. Year-to-date it is -4.01% down and over the past year, the stock is showing a downside performance of -2.91%.
Currently, Premier Inc’s total number of outstanding shares is 91.68M. Company’s return on investment (ROI) stands at -0.20% and return on equity (ROE) at 1.76%. It has a 14.93 of forward P/E ratio. Stock’s beta reads 0.53. Stock has a price to book (P/B) ratio of 1.09 while price to sale or P/S ratio amounts to 1.57. Its return on asset (ROA) is 1.04% on average.
