PRMW Stock Summary and Trading Ideas (Primo Water | NYSE:PRMW)

Primo Water is a pure-play water provider with a variety of products and services, including water delivery, exchange, refill/filtration, and water dispensers. Its operations are largely concentrated in North America following the divestment of a significant portion of its international business, which has struggled to turn a profit. The firm usually initiates the customer relationship with the sale of water dispensers, and then generates recurring revenue via the water direct and exchange services (two thirds of total sales) by delivering large-format (typically three gallons or greater) water bottles to residential and commercial customers for use atop or inside the dispensers.

Primo Water trades on the NYSE stock market under the symbol PRMW.

As of April 19, 2024, PRMW stock price climbed to $18.43 with 759,206 million shares trading.

PRMW has a beta of 0.93, meaning it tends to be less sensitive to market movements. PRMW has a correlation of 0.21 to the broad based SPY ETF.

PRMW has a market cap of $2.94 billion. This is considered a Mid Cap stock.

Last quarter Primo Water reported $439 million in Revenue and $.12 earnings per share. This fell short of revenue expectation by $-138 million and missed earnings estimates by -$.05.

In the last 3 years, PRMW stock traded as high as $20.12 and as low as $12.15.

The top ETF exchange traded funds that PRMW belongs to (by Net Assets): VTI, IWM, FIW, IWN, VTWO.

PRMW has outperformed the market in the last year with a price return of +23.3% while the SPY ETF gained +21.2%. PRMW has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +29.4% and +2.7%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

PRMW support price is $17.88 and resistance is $18.36 (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 PRMW stock will trade within this expected range on the day.