Do Primoris Services Corporation (PRIM) beta value of 1.24 signposts another twist? – Invest Chronicle

Do Primoris Services Corporation (PRIM) beta value of 1.24 signposts another twist?

Primoris Services Corporation (PRIM) is priced at $26.73 after the most recent trading session. At the very opening of the session, the stock price was $25.80 and reached a high price of $26.90, prior to closing the session it reached the value of $25.56. The stock touched a low price of $25.80.Recently in News on January 6, 2022, Primoris Services Corporation to Present at the Sidoti & Company, LLC 2022 Winter Investor Conference. Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) today announced that Tom McCormick, President and Chief Executive Officer, and Ken Dodgen, Chief Financial Officer, will participate in investor meetings and a fireside chat at the Sidoti & Company, LLC 2022 Winter Virtual Investor Conference on Wednesday, January 19, 2022. The fireside chat is scheduled for 9:30 a.m. Central Time (10:30 a.m. Eastern Time) that same day. You can read further details here

Primoris Services Corporation had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $26.90 on 01/13/22, with the lowest value was $24.16 for the same time period, recorded on 01/03/22.


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Primoris Services Corporation (PRIM) full year performance was -14.55%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Primoris Services Corporation shares are logging -35.99% during the 52-week period from high price, and 24.50% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $21.47 and $41.76.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 564880 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Primoris Services Corporation (PRIM) recorded performance in the market was 11.47%, having the revenues showcasing 0.64% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.44B, as it employees total of 1762 workers.

Market experts do have their say about Primoris Services Corporation (PRIM)

During the last month, 6 analysts gave the Primoris Services Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 25.38, with a change in the price was noted +2.02. In a similar fashion, Primoris Services Corporation posted a movement of +8.17% for the period of last 100 days, recording 396,307 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PRIM is recording 0.69 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.62.

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Technical breakdown of Primoris Services Corporation (PRIM)

Raw Stochastic average of Primoris Services Corporation in the period of last 50 days is set at 66.50%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 96.48%. In the last 20 days, the company’s Stochastic %K was 89.31% and its Stochastic %D was recorded 85.37%.

Bearing in mind the latest performance of Primoris Services Corporation, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 11.47%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -6.54%, alongside a downfall of -14.55% for the period of the last 12 months. The shares increased approximately by 5.07% in the 7-day charts and went down by 12.17% in the period of the last 30 days. Common stock shares were driven by 0.64% during last recorded quarter.

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