Primoris Services Stock Price on September 30, 2023
| PRIM Stock | USD 83.26 2.84 3.53% |
Below is the normalized historical share price chart for Primoris Services extending back to January 10, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Primoris Services stands at 83.26, as last reported on the 22nd of November, with the highest price reaching 83.26 and the lowest price hitting 79.38 during the day.
If you're considering investing in Primoris Stock, it is important to understand the factors that can impact its price. Primoris Services appears to be very steady, given 3 months investment horizon. Primoris Services maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Primoris Services' technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please evaluate Primoris Services' Semi Deviation of 1.7, coefficient of variation of 412.49, and Risk Adjusted Performance of 0.1899 to confirm if our risk estimates are consistent with your expectations.
At this time, Primoris Services' Total Stockholder Equity is very stable compared to the past year. As of the 22nd of November 2024, Liabilities And Stockholders Equity is likely to grow to about 4 B, while Common Stock Shares Outstanding is likely to drop about 48.4 M. . At this time, Primoris Services' Price Fair Value is very stable compared to the past year. Primoris Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of August 2008 | 200 Day MA 52.2336 | 50 Day MA 64.6044 | Beta 1.063 |
Primoris |
Sharpe Ratio = 0.2429
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Estimated Market Risk
| 2.85 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Primoris Services is performing at about 19% 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 Primoris Services by adding it to a well-diversified portfolio.
Price Book 3.1809 | Enterprise Value Ebitda 13.1187 | Price Sales 0.7034 | Shares Float 53.1 M | Dividend Share 0.24 |
Primoris Services Valuation on September 30, 2023
It is possible to determine the worth of Primoris Services on a given historical date. On September 30, 2023 Primoris was worth 32.89 at the beginning of the trading date compared to the closed value of 32.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Primoris Services stock. Still, in general, we apply an absolute valuation method to find Primoris Services' 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 Primoris Services where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Primoris Services' related companies.
| Open | High | Low | Close | Volume | |
| 32.68 | 33.20 | 32.66 | 32.74 | 225,614 | |
09/29/2023 | 32.89 | 33.31 | 32.45 | 32.55 | 421,963 |
| 32.56 | 32.81 | 31.10 | 31.29 | 495,790 |
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Primoris Services Trading Date Momentum on September 30, 2023
| On October 02 2023 Primoris Services was traded for 31.29 at the closing time. The top price for the day was 32.81 and the lowest listed price was 31.10 . The trading volume for the day was 495.8 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.87% . The trading delta at closing time against the current closing price is 5.28% . |
Primoris Services Fundamentals Correlations and Trends
By evaluating Primoris Services' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Primoris Services' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Primoris financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Primoris Services Stock history
Primoris Services 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 Primoris is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Primoris Services 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 Primoris Services stock prices may prove useful in developing a viable investing in Primoris Services
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 54.2 M | 48.4 M | |
| Net Income Applicable To Common Shares | 153 M | 82.3 M |
Primoris Services Quarterly Net Working Capital |
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Primoris Services Stock Technical Analysis
Primoris Services 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
Primoris Services Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Primoris Services cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Primoris Services November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Primoris Services stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primoris Services shares will generate the highest return on investment. By undertsting and applying Primoris Services stock market strength indicators, traders can identify Primoris Services entry and exit signals to maximize returns
Primoris Services Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Primoris Services' price direction in advance. Along with the technical and fundamental analysis of Primoris Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Primoris 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 | 0.1899 | |||
| Jensen Alpha | 0.4925 | |||
| Total Risk Alpha | 0.3506 | |||
| Sortino Ratio | 0.266 | |||
| Treynor Ratio | 0.3258 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.202 | Dividend Share 0.24 | Earnings Share 3.03 | Revenue Per Share 114.686 | Quarterly Revenue Growth 0.078 |
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.