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PRMW
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$13.57
Change
+$0.19 (+1.42%)
Capitalization
2.15B

PRMW Price Prediction, Primo Water Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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12:00 AM EDT Jul 01, 2022

Momentum Indicator for PRMW turns positive, indicating new upward trend

PRMW saw its Momentum Indicator move above the 0 level on June 27, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In 60 of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at 67%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PRMW's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PRMW just turned positive on June 27, 2022. Looking at past instances where PRMW's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PRMW advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .

PRMW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

PRMW moved below its 50-day moving average on June 09, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PRMW crossed bearishly below the 50-day moving average on June 13, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PRMW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PRMW entered a downward trend on June 01, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.676) is normal, around the industry mean (4.593). P/E Ratio (0.000) is within average values for comparable stocks, (44.916). Projected Growth (PEG Ratio) (1.008) is also within normal values, averaging (7.464). Dividend Yield (0.019) settles around the average of (0.031) among similar stocks. P/S Ratio (1.029) is also within normal values, averaging (2.732).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. PRMW’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PRMW’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.

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published price charts
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A.I. Advisor
published Earnings

PRMW is expected to report earnings to rise 155.56% to 23 cents per share on November 11

Primo Water Corp PRMW Stock Earnings Reports
Q3'21
Est.
$0.23
Q2'22
Beat
by $0.02
Q1'22
Beat
by $0.02
Q1'22
Beat
by $0.04
Q4'21
Missed
by $0.09
The last earnings report on August 03 showed earnings per share of 9 cents, beating the estimate of 6 cents. With 941.18K shares outstanding, the current market capitalization sits at 2.15B.
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A.I.Advisor
published Dividends

PRMW paid dividends on June 22, 2022

Primo Water Corp PRMW Stock Dividends
А dividend of $0.07 per share was paid with a record date of June 22, 2022, and an ex-dividend date of June 09, 2022. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Coca-Cola Company (NYSE:KO), PepsiCo (NASDAQ:PEP).

Industry description

Non-alcoholic drinks include traces of alcohol or low alcohol content or without alcohol or alcohol removed. Functional Beverages, Carbonated Soft Drinks (CSDs), Sports Drinks, Fruit Beverages, and Bottled Water are some common types of non-alcoholic beverages. The largest segment in this market is soft drinks (think Pepsi and Coke). Many established companies in this space have also been stepping up production of low to zero-calorie varieties in recent years, to cater to a rising number of health-conscious consumers. Coca-Cola Company, Pepsico Inc, Keurig Dr Pepper Inc. and Monster Beverage Corporation are some major non-alcoholic beverage makers.

Market Cap

The average market capitalization across the Beverages: Non-Alcoholic Industry is 17.54B. The market cap for tickers in the group ranges from 505 to 272.72B. KO holds the highest valuation in this group at 272.72B. The lowest valued company is MCHA at 505.

High and low price notable news

The average weekly price growth across all stocks in the Beverages: Non-Alcoholic Industry was -1%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was -0%. DNDT experienced the highest price growth at 38%, while FMBV experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Beverages: Non-Alcoholic Industry was -47%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was 36%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 58
Price Growth Rating: 52
SMR Rating: 45
Profit Risk Rating: 75
Seasonality Score: 6 (-100 ... +100)
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published General Information

General Information

a manufacturer of purified bottled water

Industry BeveragesNonAlcoholic

Profile
Fundamentals
Details
Industry
Beverages Non Alcoholic
Address
4221 West Boy Scout Boulevard
Phone
+1 813 313-1732
Employees
8880
Web
https://www.primowatercorp.com

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PRMW and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, PRMW has been loosely correlated with MNST. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if PRMW jumps, then MNST could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PRMW
1D Price
Change %
PRMW100%
+1.42%
MNST - PRMW
55%
Loosely correlated
+2.04%
CCEP - PRMW
53%
Loosely correlated
+3.26%
KO - PRMW
44%
Loosely correlated
+2.34%
CELH - PRMW
43%
Loosely correlated
+1.07%
PEP - PRMW
42%
Loosely correlated
+1.64%
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