Primoris Services Corp (PRIM) saw an uptrend of 877066% in the recent trading with $936920.0 being its most recent. The current price level -13.39% lower than the highest price of $90.86 marked by the stock while trading over the past 52-weeks, whereas it is 71.40% higher than the lowest price of $45.92 the company dropped to over past 52-weeks. The latest news story on PRIM appeared in (Zacks) under the title “MasTec, Inc. (MTZ) Soars to 52-Week High, Time to Cash Out?” on Jun-24-25.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 3 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.20 for the stock.
Primoris Services Corp Earnings – What Happened With PRIM
Coming around sales and income figures on PRIM Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Primoris Services Corp – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 54.00 million. PRIM does have institutional investors; and they hold 97.41% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Primoris Services Corp (NYSE:PRIM) with an ownership of 5.59 million shares of the company or 10.419 of the stake worth $278.82 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 9.6167 of the outstanding shares. Its stake is worth $257.35 million for having 5.16 million shares in hand.
DIMENSIONAL FUND ADVISORS LP also came holding a key position in the company during the recent quarter and it now holds 6.6759 of the outstanding shares. With this there are now 495.0 institutions which have possession in PRIM’s shares.
Key Metrics forPRIM
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Primoris Services Corp has a debt to equity ratio of 0.73.
Technical Analysis of Primoris Services Corp (NYSE:PRIM) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Primoris Services Corp (PRIM), we notice that the stock’s 20-day average volume is at 746,070 shares and 100% of short term indicators are suggesting the stock as Buy. And to end, PRIM’s 100-day average volume is 966,677 shares with 50% of the long-term indicators pointing towards Buy for the stock.
