PRIM Stock Summary and Trading Ideas (Primoris Services | NYSE:PRIM)

Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance and others.

Primoris Services trades on the NYSE stock market under the symbol PRIM.

As of April 18, 2024, PRIM stock price declined to $43.13 with 576,591 million shares trading.

PRIM has a beta of 0.97, meaning it tends to be less sensitive to market movements. PRIM has a correlation of 0.15 to the broad based SPY ETF.

PRIM has a market cap of $2.31 billion. This is considered a Mid Cap stock.

Last quarter Primoris Services reported $2 billion in Revenue and $.85 earnings per share. This fell short of revenue expectation by $-34 million and exceeded earnings estimates by $.18.

In the last 3 years, PRIM stock traded as high as $47.87 and as low as $15.90.

The top ETF exchange traded funds that PRIM belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

PRIM has outperformed the market in the last year with a return of +70.7%, while the SPY ETF gained +22.3%. In the last 3 month period, PRIM beat the market returning +30.0%, while SPY returned +6.1%. However, in the most recent 2 weeks PRIM has underperformed the stock market by returning -5.3%, while SPY returned -3.8%.

PRIM support price is $42.16 and resistance is $44.16 (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 PRIM stock will trade within this expected range on the day.