Premier Stock Price on February 7, 2024
PINC Stock | USD 19.50 0.26 1.32% |
Below is the normalized historical share price chart for Premier extending back to September 26, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Premier stands at 19.50, as last reported on the 12th of May 2024, with the highest price reaching 19.80 and the lowest price hitting 19.27 during the day.
If you're considering investing in Premier Stock, it is important to understand the factors that can impact its price. Premier maintains Sharpe Ratio (i.e., Efficiency) of -0.0961, which implies the firm had a -0.0961% return per unit of risk over the last 3 months. Premier exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premier's Variance of 2.5, coefficient of variation of (1,498), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
At present, Premier's Common Stock Total Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 2.3 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 86.4 M. . At present, Premier's Price To Book Ratio is projected to drop slightly based on the last few years of reporting. The current year's Price Fair Value is expected to grow to 3.18, whereas Price To Sales Ratio is forecasted to decline to 1.38. Premier Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of September 2013 | 200 Day MA 21.7571 | 50 Day MA 21.0474 | Beta 0.388 |
Premier |
Sharpe Ratio = -0.0961
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Estimated Market Risk
1.55 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Premier is not performing at its full potential. However, 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 Premier by adding Premier to a well-diversified portfolio.
Price Book 1.0572 | Enterprise Value Ebitda 6.2206 | Price Sales 1.92 | Shares Float 103.8 M | Dividend Share 0.84 |
Premier Valuation on February 7, 2024
It is possible to determine the worth of Premier on a given historical date. On February 7, 2024 Premier was worth 21.64 at the beginning of the trading date compared to the closed value of 21.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Premier stock. Still, in general, we apply an absolute valuation method to find Premier's 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 Premier where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Premier's related companies.
Open | High | Low | Close | Volume | |
22.48 | 22.89 | 21.31 | 21.31 | 3,604,304 | |
02/07/2024 | 21.64 | 22.09 | 21.08 | 21.08 | 1,613,218 |
21.09 | 21.17 | 20.66 | 20.84 | 1,914,630 |
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Premier Trading Date Momentum on February 7, 2024
On February 08 2024 Premier was traded for 20.84 at the closing time. The top price for the day was 21.17 and the lowest listed price was 20.66 . The trading volume for the day was 1.9 M. The trading history from February 8, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.14% . The trading delta at closing time against the current closing price is 0.90% . |
Premier Fundamentals Correlations and Trends
By evaluating Premier's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Premier's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Premier financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Premier Stock history
Premier 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 Premier is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Premier 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 Premier stock prices may prove useful in developing a viable investing in Premier
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 137.9 M | 86.4 M | |
Net Income Applicable To Common Shares | 201.3 M | 146.2 M |
Premier Stock Technical Analysis
Premier 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
Premier Period Price Range
Low | February 7, 2024
| High |
21.64 | 21.08 |
Premier May 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Premier stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Premier shares will generate the highest return on investment. By undertsting and applying Premier stock market strength indicators, traders can identify Premier entry and exit signals to maximize returns
Accumulation Distribution | 73759.63 | |||
Daily Balance Of Power | (0.55) | |||
Rate Of Daily Change | 0.97 | |||
Day Median Price | 21.59 | |||
Day Typical Price | 21.42 | |||
Price Action Indicator | (0.79) | |||
Period Momentum Indicator | (1.58) |
Premier Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Premier's price direction in advance. Along with the technical and fundamental analysis of Premier Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Premier 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 | (0.04) | |||
Jensen Alpha | (0.18) | |||
Total Risk Alpha | (0.30) | |||
Treynor Ratio | (0.14) |
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Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Premier Stock refer to our How to Trade Premier Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Premier Stock analysis
When running Premier's price analysis, check to measure Premier's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Premier is operating at the current time. Most of Premier's value examination focuses on studying past and present price action to predict the probability of Premier's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier's price. Additionally, you may evaluate how the addition of Premier to your portfolios can decrease your overall portfolio volatility.
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Is Premier's industry 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 Premier. If investors know Premier 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 Premier listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 0.84 | Earnings Share 0.68 | Revenue Per Share 11.39 | Quarterly Revenue Growth 0.063 |
The market value of Premier is measured differently than its book value, which is the value of Premier that is recorded on the company's balance sheet. Investors also form their own opinion of Premier's value that differs from its market value or its book value, called intrinsic value, which is Premier's 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 Premier's market value can be influenced by many factors that don't directly affect Premier's 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 Premier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Premier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premier's 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.