Primoris Services Stock Probability of Future Stock Price Finishing Over 80.41
| PRIM Stock | USD 77.73 3.39 4.18% |
Primoris |
Primoris Services Target Price Odds to finish over 80.41
The tendency of Primoris Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 80.41 or more in 90 days |
| 77.73 | 90 days | 80.41 | about 20.4 |
Based on a normal probability distribution, the odds of Primoris Services to move over $ 80.41 or more in 90 days from now is about 20.4 (This Primoris Services probability density function shows the probability of Primoris Stock to fall within a particular range of prices over 90 days) . Probability of Primoris Services price to stay between its current price of $ 77.73 and $ 80.41 at the end of the 90-day period is about 8.28 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.44 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Primoris Services will likely underperform. Additionally Primoris Services has an alpha of 0.4355, implying that it can generate a 0.44 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Primoris Services Price Density |
| Price |
Predictive Modules for Primoris Services
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Primoris Services. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Primoris Services Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Primoris Services is not an exception. The market had few large corrections towards the Primoris Services' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Primoris Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Primoris Services within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | 1.44 | |
σ | Overall volatility | 10.13 | |
Ir | Information ratio | 0.17 |
Primoris Services Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Primoris Services for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Primoris Services can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Primoris Services is unlikely to experience financial distress in the next 2 years | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Primoris Services Corp Shares Gap Down to 77.775 on Dec 27 |
Primoris Services Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Primoris Stock often depends not only on the future outlook of the current and potential Primoris Services' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Primoris Services' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 54.2 M | |
| Cash And Short Term Investments | 217.8 M |
Primoris Services Technical Analysis
Primoris Services' future price can be derived by breaking down and analyzing its technical indicators over time. Primoris Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Primoris Services. In general, you should focus on analyzing Primoris Stock price patterns and their correlations with different microeconomic environments and drivers.
Primoris Services Predictive Forecast Models
Primoris Services' time-series forecasting models is one of many Primoris Services' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Primoris Services' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Primoris Services
Checking the ongoing alerts about Primoris Services for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Primoris Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Primoris Services is unlikely to experience financial distress in the next 2 years | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Primoris Services Corp Shares Gap Down to 77.775 on Dec 27 |
Check out Primoris Services Backtesting, Primoris Services Valuation, Primoris Services Correlation, Primoris Services Hype Analysis, Primoris Services Volatility, Primoris Services History as well as Primoris Services Performance. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.
Quarterly Earnings Growth 0.202 | Dividend Share 0.24 | Earnings Share 3.03 | Revenue Per Share 114.686 | Quarterly Revenue Growth 0.078 |
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.