Primoris Services Corporation | PRIM

Daily Technical Analysis of Primoris Services Corporation

Primoris Services had a nice pop today and is currently up 3.21% we'll see if the cash keeps flowing in. It looks like PRIM may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. In addition to being near an angled support line PRIM is near a weak support line. We'll see if it bounces off or heads lower. The Engineering & Construction company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.

If the price bounces off of the support and moves up it'll probably head up to the $60.51 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Primoris Services By Price Target And Rating

The analysts are pretty neutral on Primoris Services right now, so not much useful information here. The current Analysts Sentiment Score is 1.38. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-05 UBS Group increased their price target by 43.18% to $63.00. On 2024-04-04 The Goldman Sachs Group increased their price target by 13.16% to $43.00. DA Davidson provided a price target boost of 22.22% to $55.00 from $45.00 on 2024-04-04.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Primoris Services

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Primoris Services

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.