PRIM’s Stock Journey: What Investors Need to Know About Primoris Services Corp’s Performance

Primoris Services Corp’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $43.06 on 04/03/24, and the lowest price during that time was $23.48, recorded on 05/04/23.

52-week price history of PRIM Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Primoris Services Corp’s current trading price is 5.74% away from its 52-week high, while its distance from the 52-week low is 93.91%. The stock’s price range for this period has remained between $23.48 and $43.06. The Industrials sector company’s shares managed to surpass a trading volume of around 1.17 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.46 million over the last three months.

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Financial Performance and Market Capitalization

Primoris Services Corp (PRIM) has experienced a quarterly rise of 38.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.43B and boasts a workforce of 14058 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 35.23, with a change in price of +15.77. Similarly, Primoris Services Corp recorded 448,265 in trading volume during the last 100 days, posting a change of +52.99%.

PRIM Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PRIM stands at 1.07. Similarly, the long-term debt-to-equity ratio is also 0.93.

PRIM Stock Stochastic Average

As of today, the raw stochastic average of Primoris Services Corp over the last 50 days is at 99.78%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 99.58%. Further, the company’s Stochastic %K and %D values for the last 20 days were 91.82% and 90.35%, respectively.

PRIM Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The metric has seen a significant gain of 37.10% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 44.72%. Over the past 30 days, the price of PRIM has fallen by 15.68%. And in the last five days, it has surged by 10.51%.

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