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Red day on Thursday for Primoris Services Corporation stock after losing 0.719%
(Updated on Feb 13, 2025)

Sell candidate since Feb 11, 2025 Loss -3.65%

The Primoris Services Corporation stock price fell by -0.719% on the last day (Thursday, 13th Feb 2025) from $75.07 to $74.53. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.86% from a day low at $72.56 to a day high of $76.09. The price has fallen in 6 of the last 10 days and is down by -3.26% for this period. Volume has increased on the last day by 319 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 847 thousand shares were bought and sold for approximately $63.11 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between $64.83 and $83.56 at the end of this 3-month period.

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PRIM Signals & Forecast

There are few to no technical positive signals at the moment. The Primoris Services Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $77.36 and $79.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 10, 2025, and so far it has fallen -6.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Primoris Services Corporation stock

Primoris Services Corporation finds support from accumulated volume at $72.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.53 between high and low, or 4.86%. For the last week, the stock has had daily average volatility of 3.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PRIM) For The Upcoming Trading Day Of Friday 14th

For the upcoming trading day on Friday, 14th we expect Primoris Services Corporation to open at $74.39, and during the day (based on 14 day Average True Range), to move between $71.02 and $78.04, which gives a possible trading interval of +/-$3.51 (+/-4.71%) up or down from last closing price. If Primoris Services Corporation takes out the full calculated possible swing range there will be an estimated 9.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $76.41 (2.52%) than the support at $72.27 (3.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Primoris Services Corporation stock A Buy?

Primoris Services Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.503 Strong Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on February 14, 2025 - $74.39 ( 0.183%).

PRIM Performance

Trading levels for PRIM

Fibonacci Support & Resistance Levels

Level Price
R3 77.92 4.55%
R2 76.57 2.74%
R1 75.74 1.63%
Price 74.53
S1 73.04 -1.99%
S2 72.21 -3.11%
S3 70.86 -4.92%

Accumulated Volume Support & Resistance Levels

Level Price
R3 77.99 4.64%
R2 76.82 3.07%
R1 76.41 2.52%
Price 74.53
S1 72.27 -3.03%
S2 69.06 -7.34%
S3 0 -

PRIM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 04, 2024 Dec 31, 2024 Jan 15, 2025 $0.0800 0.0953%
2 Aug 05, 2024 Sep 27, 2024 Oct 11, 2024 $0.0600 0.0976%
3 Aug 19, 2024 Aug 19, 2024 Aug 30, 2024 $0.300 0.532%
4 May 01, 2024 Jun 28, 2024 Jul 15, 2024 $0.0600 0.115%
5 Feb 21, 2024 Mar 27, 2024 Apr 15, 2024 $0.0600 0.134%

FAQ

What is the symbol for Primoris Services Corporation Stock and on which exchange is it traded?
The symbol for Primoris Services Corporation is PRIM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Primoris Services Corporation Stock?
Primoris Services Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Primoris Services Corporation Stock?
Primoris Services Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Primoris Services Corporation Stock.

What's the current price of Primoris Services Corporation Stock?
As of the end of day on the Feb 13, 2025, the price of an Primoris Services Corporation (PRIM) share was $74.53.

What is the 52-week high and low for Primoris Services Corporation Stock?
The 52-week high for Primoris Services Corporation Stock is $90.86 and the 52-week low is $37.00.

What is the market capitalization of Primoris Services Corporation Stock?
As of the Feb 13, 2025, the market capitalization of Primoris Services Corporation is 4.032B.

When is the next earnings date for Primoris Services Corporation?
The upcoming earnings date for Primoris Services Corporation is Feb 24, 2025.
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ABOUT PRIMORIS SERVICES CORPORATION
Primoris Services
Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmissio...
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