Healthy Upside Potential: PetIQ Inc (PETQ)

With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. The 52-week range on PETQ shows that it touched its highest point at $22.98 and its lowest point at $10.78 during that stretch. It currently has a 1-year price target of $29.00. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PETQ was up-trending over the past week, with a rise of 5.78%, but this was up by 1.54% over a month. Three-month performance dropped to -6.66% while six-month performance fell -3.70%. The stock gained 61.63% in the past year, while it has lost -6.38% so far this year. A look at the trailing 12-month EPS for PETQ yields 0.06 with Next year EPS estimates of 1.57. For the next quarter, that number is 0.43. This implies an EPS growth rate of 3.87% for this year and 21.58% for next year.

Float and Shares Shorts:

At present, 29.20 million PETQ shares are outstanding with a float of 27.15 million shares on hand for trading. On Mar 15, 2024, short shares totaled 1.93 million, which was 6.60% higher than short shares on Feb 15, 2024. In addition to PETS as the firm’s PetMed Express, Inc., PET serves as its Wag! Group Co.

Institutional Ownership:

Through their ownership of 99.84% of PETQ’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PETQ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, PETQ has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PETQ currently yields $0.00. In the past year, PETQ’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, PETQ has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.