PRIM Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: A strong Q4 earnings report could drive a bullish rally for PRIM, leveraging high historical returns from the current price levels. Supportive market sentiment is indicated by low implied volatility, allowing for significant price appreciation.




Bearish Case: High implied volatility, nearing 50%, signals potential downside risks as market sentiment remains uncertain. Negative macroeconomic events or regulatory challenges could push PRIM below its current levels, foreseeing a bearish trend.




Potential Outcomes:

1. 40% chance of a price rally to $85 on robust earnings updates.

2. 30% chance of a stable price range between $75-$80 amid ongoing market volatility.

3. 20% risk of a decline below $70 due to adverse news or sector pullbacks.

4. 10% chance of extreme volatility resulting in a sharp price movement.




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November 19, 2024


Primoris Services Forecast

PRIM        Primoris Services











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KKR Forecast + Options Trading Strategies   KKR  KKR (0.96)


KCE Forecast + Options Trading Strategies   KCE  SPDR Series Trust - SPDR S&P Capital Markets (0.96)



Uncorrelated Assets

Assets with little price relationship to PRIM



IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (0.01)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (0.02)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (-0.02)


IONQ Forecast + Options Trading Strategies   IONQ  IonQ (0.02)


INTU Forecast + Options Trading Strategies   INTU  Intuit (0.02)



Anticorrelated Assets

Assets that tend to move strongly against PRIM



AZUL Forecast + Options Trading Strategies   AZUL  Azul (-0.89)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.89)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.9)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.91)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.95)









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