Primech Holdings Ltd Stock Price on September 24, 2024
| PMEC Stock | 0.74 0.03 3.90% |
If you're considering investing in Primech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Primech Holdings stands at 0.74, as last reported on the 30th of November, with the highest price reaching 0.77 and the lowest price hitting 0.74 during the day. Primech Holdings appears to be out of control, given 3 months investment horizon. Primech Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0735, which implies the firm had a 0.0735% return per unit of risk over the last 3 months. We have found thirty technical indicators for Primech Holdings, which you can use to evaluate the volatility of the company. Please evaluate Primech Holdings' Semi Deviation of 4.99, coefficient of variation of 1391.84, and Risk Adjusted Performance of 0.0637 to confirm if our risk estimates are consistent with your expectations.
As of November 30, 2024, Total Stockholder Equity is expected to decline to about 13.3 M. In addition to that, Common Stock Shares Outstanding is expected to decline to about 28.2 M. At present, Primech Holdings' Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 4.68, whereas Price Earnings Ratio is projected to grow to (10.35). Primech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Primech |
Sharpe Ratio = 0.0735
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Estimated Market Risk
| 6.54 actual daily | 58 58% of assets are less volatile |
Expected Return
| 0.48 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Primech Holdings is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Primech Holdings by adding it to a well-diversified portfolio.
Price Book 1.8914 | Enterprise Value Ebitda 31.898 | Price Sales 0.391 | Shares Float 6.7 M | Earnings Share (0.10) |
Primech Holdings Valuation on September 24, 2024
It is possible to determine the worth of Primech Holdings on a given historical date. On September 24, 2024 Primech was worth 0.81 at the beginning of the trading date compared to the closed value of 0.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Primech Holdings stock. Still, in general, we apply an absolute valuation method to find Primech Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Primech Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Primech Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 0.75 | 0.84 | 0.73 | 0.79 | 503,947 | |
09/24/2024 | 0.81 | 0.81 | 0.74 | 0.78 | 288,025 |
| 0.78 | 0.78 | 0.74 | 0.77 | 130,673 |
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Primech Holdings Trading Date Momentum on September 24, 2024
| On September 25 2024 Primech Holdings Ltd was traded for 0.77 at the closing time. The top price for the day was 0.78 and the lowest listed price was 0.74 . The trading volume for the day was 130.7 K. The trading history from September 25, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.28% . The trading delta at closing time against the current closing price is 3.85% . |
Primech Holdings Fundamentals Correlations and Trends
By evaluating Primech Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Primech Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Primech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Primech Holdings Stock history
Primech Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Primech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Primech Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Primech Holdings stock prices may prove useful in developing a viable investing in Primech Holdings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 33.9 M | 28.2 M | |
| Net Loss | -1.1 M | -1.1 M |
Primech Holdings Stock Technical Analysis
Primech Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Primech Holdings Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Primech Holdings Ltd cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Primech Holdings November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Primech Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primech Holdings shares will generate the highest return on investment. By undertsting and applying Primech Holdings stock market strength indicators, traders can identify Primech Holdings Ltd entry and exit signals to maximize returns
Primech Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Primech Holdings' price direction in advance. Along with the technical and fundamental analysis of Primech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Primech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.3848 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | 0.8858 |
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| Volume Indicators |
Complementary Tools for Primech Stock analysis
When running Primech Holdings' price analysis, check to measure Primech Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Primech Holdings is operating at the current time. Most of Primech Holdings' value examination focuses on studying past and present price action to predict the probability of Primech Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primech Holdings' price. Additionally, you may evaluate how the addition of Primech Holdings to your portfolios can decrease your overall portfolio volatility.
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