Primo Q3 Earnings Snapshot
Slightly above 67% of Primo Water's investor base is looking to short. The analysis of current outlook of investing in Primo Water Corp suggests that many traders are alarmed regarding Primo Water's prospects. Primo Water's investing sentiment can be driven by a variety of factors including economic data, Primo Water's earnings reports, geopolitical events, and overall market trends.
Primo |
TAMPA, Fla. AP Primo Water Corporation on Thursday reported third-quarter net income of 38.6 million. On a per-share basis, the Tampa, Florida-based company said it had net income of 24 cents.
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Primo Water Fundamental Analysis
We analyze Primo Water's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Primo Water using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Primo Water based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Primo Water is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Primo Water Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Primo Water stock to make a market-neutral strategy. Peer analysis of Primo Water could also be used in its relative valuation, which is a method of valuing Primo Water by comparing valuation metrics with similar companies.
Peers
Primo Water Related Equities
| COCO | Vita Coco | 1.77 | ||||
| KOF | Coca Cola | 0.82 | ||||
| AKO-B | Embotelladora Andina | 0.35 | ||||
| AQPW | Signet International | 0.00 | ||||
| AKO-A | Embotelladora Andina | 0.20 | ||||
| FIZZ | National Beverage | 0.47 | ||||
| CCEP | Coca Cola | 0.51 | ||||
| MNST | Monster Beverage | 0.63 | ||||
| PEP | PepsiCo | 1.15 | ||||
| KDP | Keurig Dr | 1.55 | ||||
| COKE | Coca Cola | 5.77 |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Consideration for investing in Primo Stock
If you are still planning to invest in Primo Water Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Primo Water's history and understand the potential risks before investing.
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