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How to Buy Primo Water Stock

Primo Water Corp

Primo Water is a beverage company located in Florida, United States, which is part of the Consumer Defensive sector, and is traded under the ticker PRMW on the NYSE exchange.

Primo Water stock last closed at $22.63, down 0.09% from the previous day, and has increased 73.94% in one year. It has overperformed other stocks in the Beverages - Non-Alcoholic industry by 0.45 percentage points. Primo Water stock is currently +84.51% from its 52-week low of $12.27, and -2.08% from its 52-week high of $23.11.

As of May 28, 2024, there are 159.97M shares of PRMW outstanding. The market cap of PRMW is $3.62B. In the last 24 hours, 1.07M PRMW shares were traded.

How to Buy Primo Water Stock

Wondering how to invest in Primo Water stock? Here's how.
  1. Choose where to buy Primo Water stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Primo Water stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Select your method of payment and add your details.
  4. Evaluate Primo Water stock: The Primo Water ticker symbol is PRMW. Is Primo Water stock a good investment? Should you buy shares of PRMW? How do PRMW's underlying business fundamentals look? Do top analysts think Primo Water is a good buy? Why has PRMW's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if PRMW is a good stock to buy).
  5. Execute your PRMW buy order: Decide if you will purchase PRMW shares at the current market price or use a limit order to purchase PRMW shares at a given price.
  6. Get updates on your investment in PRMW: Create a watchlist to keep track of your investment in Primo Water shares.

Step 1: Choose where to buy Primo Water stock

You need a brokerage account to access the NYSE market and buy PRMW shares.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've selected your brokerage, you'll need to fill out some personal info so you can buy PRMW today.

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Step 3: Deposit funds into your investment account

Now that you have finished signing up on mobile trading apps, your next step is to transfer the money for your investment:

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Step 4: Evaluate Primo Water stock

Once you have figured out the best place to buy Primo Water stock, it's absolutely critical to analyze their stock before you invest, so you actually comprehend the risk and opportunity.

Primo Water stock data

PRMW Price
$22.63
1w %
2.21%
1y %
73.94%
5y %
73.41%
P/E
14.06x
P/B
2.51x
P/S
2.15x
PEG
N/A
Revenue
$1.68B
Earnings
$257.30M
Fore. Rev. Growth
6.68%
Fore. Earn. Growth
-23.88%
Market Cap
$3.62B
Next Earnings
N/A
Next Dividend
Jun 18, 2024

Primo Water Fundamentals

WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on PRMW's stock page.

Is PRMW stock properly valued?

Analysts use many financial metrics, analyses, models, and charts to gauge PRMW's intrinsic value.

Using relative valuations methods:

  • PRMW could be undervalued based on its P/E ratio of 14.06x, relative to Beverages - Non-Alcoholic industry P/E ratio of 26.59x
  • PRMW may be undervalued based on its P/B ratio of 2.51x, relative to Beverages - Non-Alcoholic industry P/B ratio of 6.97x

You can access additional valuation research on PRMW's stock here.

PRMW Financial Summary

Pros:

  • PRMW profit margin has gone up from 2.7% to 15.3% in the past year.
  • Total PRMW debt is lower than 5 years ago, relative to shareholder equity.
  • PRMW's operating cash flow of $380.20M allows it to safely service it's debt of $1.42B.
  • There are more short-term assets than short-term liabilities on the PRMW balance sheet.
  • PRMW earnings of $353.20M is not sufficient to cover its interest payments.

Cons:

  • PRMW has a relatively high debt to equity ratio of 1.42.
  • There are more long-term liabilities than short-term assets on the PRMW balance sheet.

Is PRMW stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 5 Equities analysts who track PRMW, the consensus analyst rating on PRMW is a Buy

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

You can dive deeper into what analysts are forecasting on the Primo Water stock forecast page.

PRMW Technical Indicators

SMA10
21.89
SMA20
20.99
SMA50
19.29
SMA100
17.31
SMA200
15.9
MACD
1.01
MACD Signal
0.92
MACD Histogram
0.08
RSI
87.9
Stochastic %K
80.5
Stochastic %D
77.41
StochRSI %K
53.78
StochRSI %D
62.61

Is PRMW Making Money?

Last year, PRMW earnings were $257.30M. In the past 5 year, PRMW's earnings have gone up by 140.52% per year. This was faster than the Beverages - Non-Alcoholic industry average of 11.25%.

Last year, PRMW revenue was $1.68B. During the last five year, PRMW's revenue has gone up by 0.23% per year. This was slower than the Beverages - Non-Alcoholic industry average of 9.87%.

Dive into PRMW's earnings and revenue performance here.

What are PRMW insiders up to?

In the last year, insiders at PRMW have bought more shares than they have sold.

Britta Bomhard, Director of PRMW, was the latest PRMW insider to buy. They bought $134,998.43 worth of PRMW shares on May 8, 2024.

Get more info about who owns PRMW shares here.

Can I rely on PRMW as an income stream?

Primo Water pays a dividend of 1.46%, compared to the Beverages - Non-Alcoholic industry's average dividend yield of 2.26%. If you owned $1,000 worth of PRMW stock, you would have been paid $14.58 last year.

Primo Water dividend payments have consistently grown over the past decade and have remained stable.

Get more analysis about Primo Water dividend yield and history here.

What do other traders have to say about PRMW?

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Step 5: Execute your PRMW buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given price, place a limit order.

Hit the Open button and your broker will place your order.

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Step 6: Get updates on your investment in PRMW

Now that you own some PRMW shares, you'll want to stay up-to-date on your new shares.

Start a watchlist to get notified of the latest news about your PRMW stock.

PRMW Feed

How to Buy Stock in Primo Water

To reiterate, here are the 6 steps for buying Primo Water stock:

  1. Choose where to buy Primo Water stock
  2. Sign up for a brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Primo Water stock
  5. Execute your PRMW buy order
  6. Get updates on your investment in PRMW

If you require a online brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your new investment in Primo Water, create your watchlist below.

NYSE: PRMW
$22.63-0.02 (-0.09%)
Updated May 28, 2024
Open eToro Account
NYSE: PRMW
$22.63-0.02 (-0.09%)
Updated May 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Primo Water share?

As of May 28, 2024, it costs $22.63 to buy one share of Primo Water stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.442 shares of PRMW.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Primo Water stock?

According to 5 Wall Street analysts who monitor Primo Water, their consensus recommendation is to buy Primo Water stock.

What is the best way to buy Primo Water stock?

One way to place an order for Primo Water stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.