PINC Stock Summary and Trading Ideas (Premier - Class A | NASDAQ:PINC)

Premier Inc is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).

Premier - Class A trades on the NASDAQ stock market under the symbol PINC.

As of April 24, 2024, PINC stock price climbed to $21.12 with 1,109,651 million shares trading.

PINC has a beta of 0.91, meaning it tends to be less sensitive to market movements. PINC has a correlation of 0.10 to the broad based SPY ETF.

PINC has a market cap of $2.53 billion. This is considered a Mid Cap stock.

Last quarter Premier - Class A reported $335 million in Revenue and $.60 earnings per share. This fell short of revenue expectation by $-7 million and exceeded earnings estimates by $.03.

In the last 3 years, PINC stock traded as high as $42.15 and as low as $18.89.

The top ETF exchange traded funds that PINC belongs to (by Net Assets): IJR, VTI, VB, FVD, VBR.

PINC has underperformed the market in the last year with a return of -33.5%, while the SPY ETF gained +24.2%. In the last 3 month period, PINC fell short of the market, returning -3.4%, while SPY returned +4.6%. However, in the most recent 2 weeks PINC has outperformed the stock market by returning -2.4%, while SPY returned -2.7%.

PINC support price is $20.70 and resistance is $21.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PINC stock will trade within this expected range on the day.