Primech (PMEC) Stock Price, News & Analysis

Company Overview

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include educational institutions cleaning, airport cleaning, and conservancy areas cleaning services, as well as offers cleaning of hotels, public spaces, roads, condominium, office, industrial, and retail stores. The company offers housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services. In addition, it provides stewarding services comprising cleaning of the kitchen area of healthcare facilities, hotels, and restaurants, as well as supplies ad hoc customer service officers, and food and beverage service crews to healthcare facilities, hotels, and restaurants. Further, the company operates HomeHelpy, an online portal that allows individual customers to book cleaning services in homes and offices; and manufactures and sells cleaning supplies, such as hand soaps, hand soap dispensers, cleaning fluids, and garbage bags used for general, floor, carpet, restroom, or kitchen purposes, as well as treatment products used in the marine industry under the D'Bond brand name. The company was incorporated in 2020 and is based in Singapore. Primech Holdings Ltd. is a subsidiary of Sapphire Universe Holdings Limited.

Key Stats

• Today's Range: $0.66 to $0.79
• 50-Day Range: $0.69 to $0.85
• 52-Week Range: $0.49 to $4.15
• Volume: 116,042 shs
• Average Volume: 658,949 shs
• Market Capitalization: $28.26 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Primech Stock Analysis - MarketRank™

Primech scored higher than 8% of companies evaluated by MarketBeat, and ranked 319th out of 332 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Primech.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Primech has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.49% of the float of Primech has been sold short.

Short Interest Ratio / Days to Cover

Primech has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Primech has recently increased by 29.34%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Primech does not currently pay a dividend.

Dividend Growth

Primech does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.49% of the float of Primech has been sold short.

Short Interest Ratio / Days to Cover

Primech has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Primech has recently increased by 29.34%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: N/A

News Sentiment

Primech has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Primech this week, compared to 0 articles on an average week.

Search Interest

1 people have searched for PMEC on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Primech to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Primech insiders have not sold or bought any company stock.

Percentage Held by Institutions

88.06% of the stock of Primech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PMEC Stock Analysis - Frequently Asked Questions

How have PMEC shares performed this year?

Primech's stock was trading at $2.40 at the beginning of 2024. Since then, PMEC stock has decreased by 69.1% and is now trading at $0.7413.
View the best growth stocks for 2024 here.

When did Primech IPO?

Primech (PMEC) raised $14 million in an IPO on the week of October 9th 2023. The company issued 3,100,000 shares at $4.00-$5.00 per share. Spartan Capital Securities served as the underwriter for the IPO.

How do I buy shares of Primech?

Shares of PMEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Primech own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Primech investors own include Top KingWin (TCJH), Top KingWin (TCJH), Cogent Communications (CCOI), Cavco Industries (CVCO), Fitell (FTEL), J-Long Group (JL) and Liberty Broadband (LBRDK).

Company Calendar

• Today: 12/19/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Services to dwellings & other buildings
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:PMEC
• Previous Symbol: NASDAQ:PMEC
• CUSIP: N/A
• CIK: 1891944
• Web: www.primechholdings.com
• Phone: 65-6286-1868
• Fax: N/A
• Employees: 2,744
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 1.38
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: $72.52 million
• Price / Sales: 0.36
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.42 per share
• Price / Book: 1.63

Miscellaneous

• Outstanding Shares: 38,126,000
• Free Float: N/A
• Market Cap: $26.12 million
• Optionable: Not Optionable
• Beta: 2.79