In yesterday’s Wall Street session, Pricesmart Inc (NASDAQ:PSMT) shares traded at $93.45, up 1.33% from the previous session.
PSMT stock price is now 2.53% away from the 50-day moving average and 7.89% away from the 200-day moving average. The market capitalization of the company currently stands at $2.87B.
With the price target of $82, Jefferies recently initiated with Buy rating for Pricesmart Inc (NASDAQ: PSMT). On November 29, 2022, Scotiabank Downgraded its previous ‘Sector Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $96 to quote $77, while the Scotiabank previously rated the stock as ‘Sector Outperform’ on April 19, 2022.
In other news, Kovaleski Paul, EVP-Chief Merch. Officer sold 3,235 shares of the company’s stock on Nov 13 ’24. The stock was sold for $291,030 at an average price of $89.96. Upon completion of the transaction, the EVP-Chief Merch. Officer now directly owns 44,309 shares in the company, valued at $4.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, EVP & CFO McCleary Michael sold 4,000 shares of the business’s stock. A total of $358,464 was realized by selling the stock at an average price of $89.62. This leaves the insider owning 62,141 shares of the company worth $5.81 million. A total of 18.16% of the company’s stock is owned by insiders.
During the past 12 months, Pricesmart Inc has had a low of $71.39 and a high of $99.23. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 1.18, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $2818806528, which is based on a 22.69 price-to-earnings ratio, a 1.89 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for PSMT is $91.146 and a two-hundred day moving average price translates $86.69985 for the stock.
The latest earnings results from Pricesmart Inc (NASDAQ: PSMT) was released for 2024-08-31. The net profit margin was 2.58% and return on equity was 11.36% for PSMT. The company reported revenue of $1.23 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.65 percent.
