Primoris Services Stock Price on September 9, 2024
| PRIM Stock | USD 83.17 0.51 0.61% |
If you're considering investing in Primoris Stock, it is important to understand the factors that can impact its price. As of today, the current price of Primoris Services stands at 83.17, as last reported on the 28th of November, with the highest price reaching 84.83 and the lowest price hitting 82.16 during the day. Primoris Services appears to be very steady, given 3 months investment horizon. Primoris Services maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Primoris Services' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please evaluate Primoris Services' Semi Deviation of 1.75, risk adjusted performance of 0.1846, and Coefficient Of Variation of 432.12 to confirm if our risk estimates are consistent with your expectations.
Primoris Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Primoris |
Sharpe Ratio = 0.2314
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Estimated Market Risk
| 2.84 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.66 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average Primoris Services is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Primoris Services by adding it to a well-diversified portfolio.
Primoris Services Valuation on September 9, 2024
It is possible to determine the worth of Primoris Services on a given historical date. On September 9, 2024 Primoris was worth 49.01 at the beginning of the trading date compared to the closed value of 48.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Primoris Services stock. Still, in general, we apply an absolute valuation method to find Primoris Services' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Primoris Services where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Primoris Services' related companies.
| Open | High | Low | Close | Volume | |
| 49.86 | 50.55 | 48.28 | 48.67 | 595,426 | |
09/09/2024 | 49.01 | 49.68 | 48.48 | 48.55 | 527,130 |
| 48.61 | 49.93 | 48.34 | 49.46 | 569,010 |
| Backtest Primoris Services | | | Primoris Services History | | | Primoris Services Valuation | Previous | Next |
Primoris Services Trading Date Momentum on September 9, 2024
| On September 10 2024 Primoris Services was traded for 49.46 at the closing time. The top price for the day was 49.93 and the lowest listed price was 48.34 . The trading volume for the day was 569 K. The trading history from September 10, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 1.87% . The trading delta at closing time against the current closing price is 21.40% . |
Primoris Services Fundamentals Correlations and Trends
By evaluating Primoris Services' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Primoris Services' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Primoris financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Primoris Services Stock history
Primoris Services investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Primoris is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Primoris Services will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Primoris Services stock prices may prove useful in developing a viable investing in Primoris Services
Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company was founded in 1960 and is headquartered in Dallas, Texas. Primoris Services operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. It employs 10810 people.
Primoris Services Stock Technical Analysis
Primoris Services technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Primoris Services Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Primoris Services November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Primoris Services stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primoris Services shares will generate the highest return on investment. By undertsting and applying Primoris Services stock market strength indicators, traders can identify Primoris Services entry and exit signals to maximize returns
Primoris Services Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Primoris Services' price direction in advance. Along with the technical and fundamental analysis of Primoris Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Primoris to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1846 | |||
| Jensen Alpha | 0.4281 | |||
| Total Risk Alpha | 0.2197 | |||
| Sortino Ratio | 0.2441 | |||
| Treynor Ratio | 0.3405 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.