In the last trading session, 4.88 million shares of the Primo Brands Corp (NYSE:PRMB) were traded, and its beta was 0.74. Most recently the company’s share price was $30.06, and it changed around $0.35 or 1.18% from the last close, which brings the market valuation of the company to $11.32B. PRMB currently trades at a discount to its 52-week high of $35.85, offering almost -19.26% off that amount. The share price’s 52-week low was $19.53, which indicates that the current value has risen by an impressive 35.03% since then. We note from Primo Brands Corp’s average daily trading volume that its 10-day average is 8.17 million shares, with the 3-month average coming to 5.56 million.
Primo Brands Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.09. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 0 recommended PRMB as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
Primo Brands Corp (NYSE:PRMB) trade information
Instantly PRMB has showed a green trend with a performance of 1.18% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 30.21 on recent trading dayincreased the stock’s daily price by 0.5%. The company’s shares are currently down -2.31% year-to-date, but still up 2.70% over the last five days. On the other hand, Primo Brands Corp (NYSE:PRMB) is -6.99% down in the 30-day period. We can see from the shorts that 12.63 million shares have been sold at a short interest cover period of 2.01 day(s).
The consensus price target as assigned by Wall Street analysts is $40, which translates to bulls needing to increase their stock price by 24.85% from its current value. Analyst projections state that PRMB is forecast to be at a low of $40 and a high of $40.
Primo Brands Corp earnings are expected to increase by 53.02% in 2025, but the outlook is positive 27.83% per year for the next five years.
PRMB Dividends
Primo Brands Corp’s next quarterly earnings report is expected to be released on 2025-May-07. The annual dividend yield of the stock is 1.25 percent and its annual dividend per share was 0.38. It is important to note, however, that the 1.25% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Primo Brands Corp (NYSE:PRMB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.41% of Primo Brands Corp shares, and 92.13% of them are in the hands of institutional investors. The stock currently has a share float of 105.19%.
