PSMT Stock Summary and Trading Ideas (Pricesmart | NASDAQ:PSMT)

Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.

Pricesmart trades on the NASDAQ stock market under the symbol PSMT.

As of April 24, 2024, PSMT stock price declined to $80.91 with 118,158 million shares trading.

PSMT has a beta of 0.13, meaning it tends to be less sensitive to market movements. PSMT has a correlation of 0.01 to the broad based SPY ETF.

PSMT has a market cap of $2.48 billion. This is considered a Mid Cap stock.

Last quarter Pricesmart reported $1 billion in Revenue and $1.31 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.07.

In the last 3 years, PSMT stock traded as high as $95.47 and as low as $56.29.

The top ETF exchange traded funds that PSMT belongs to (by Net Assets): IJR, VTI, VB, IWM, AVUV.

PSMT stock has underperformed the market in the last year with a return of +10.7%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PSMT shares. However, PSMT has outperformed the market in the last 3 month and 2 week periods, returning +7.9% and -1.4%, while SPY returned +4.6% and -2.7%, respectively. This indicates PSMT has been having a stronger performance recently.

PSMT support price is $80.38 and resistance is $82.78 (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 PSMT stock will trade within this expected range on the day.