Primoris Services ( (PRIM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Primoris Services’ stock has been experiencing unusual movements due to mixed analyst ratings. While some analysts maintain a Buy recommendation because of the company’s strong financial performance in Q3, including better-than-expected revenue and earnings, there are concerns. The Energy segment shows robust performance, and earnings projections for fiscal year 2025 have slightly increased. However, caution is advised for Q4 due to seasonal effects and mixed backlog signals. Despite the strong earnings, insider sentiment is negative, with increased share selling, and the stock’s high valuation suggests investors should be cautious.
More about Primoris Services
YTD Price Performance: 88.09%
Average Trading Volume: 866,781
Technical Sentiment Signal: Buy
Current Market Cap: $7.74B
For further insights into PRIM stock on TipRanks’ Stock Analysis page.
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