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Wednesday, September 27, 2023

There Is A Quest For Clarity Surrounding Perimeter Solutions SA (NYSE: PRM) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Perimeter Solutions SA (PRM) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $5.68. The Perimeter Solutions SA has recorded 70,034 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Perimeter Solutions’ SOLBERG 3% MIL-SPEC SFFF is First Fluorine-Free Firefighting Foam Concentrate on DoD Qualified Products List.

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Stocks Info

This NYSE-listed company operates within the Specialty Chemicals industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $5.68 and fluctuated between $5.91 as its day high and $5.67 as its day low. The current market capitalization of Perimeter Solutions SA is $877.67M. A total of 0.95 million shares were traded on the day, compared to an average of 1.13M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PRM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 4 SELLs from insiders. Insiders purchased 1,831,653 shares during that period but sold 2,789,597.

In the most recent transaction, Haitham Khouri sold 126,952 shares of PRM for 10.45 per share on Dec 06. After the transaction, the Vice Chairman now owns 1,217,700 company shares. In a previous transaction on Dec 05, Haitham Khouri sold 38,923 shares at 10.84 per share. PRM shares that Vice Chairman owns now total 1,344,652.

Among the insiders who sold shares, Haitham Khouri disposed of 22,599 shares on Dec 02 at a per-share price of $10.96. This resulted in the Vice Chairman holding 1,383,575 shares of PRM after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PRM in the last 3 months, the mean price target is $9.50 with high estimates of $12.00 and low estimates of $7.00. In terms of 52-week highs and lows, PRM has a high of $11.25 and a low of $5.20.

As of this writing, PRM has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.19. The company reported an EPS of $0.06 in the last quarter, which was 140.00% higher than expectations of -$0.15.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PRM’s latest balance sheet shows that the firm has $225.55M in Cash & Short Term Investments as of fiscal 2021. There were $664.13M in debt and $100.49M in liabilities at the time. Its Book Value Per Share was $7.51, while its Total Shareholder’s Equity was $1.09B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRM is Buy with a score of 4.00.

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