The stock price of PEDEVCO Corp (AMEX: PED) has surged by 9.43 when compared to previous closing price of 0.80, but the company has seen a 6.45% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-07-04 that While the market offers myriad avenues for high-risk speculation, the best penny stocks under $1 may present some of the most sweat-inducing, blood-pressure-racing moments ever. Yeah, sure, they’re priced below a buck – what can go wrong?
Is It Worth Investing in PEDEVCO Corp (AMEX: PED) Right Now?
PEDEVCO Corp (AMEX: PED) has a price-to-earnings ratio that is above its average at 271.88x. The stock has a 36-month beta value of 0.56. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PED is 18.95M, and at present, short sellers hold a 0.68% of that float. On April 12, 2024, the average trading volume of PED was 113.44K shares.
PED’s Market Performance
PED stock saw an increase of 6.45% in the past week, with a monthly gain of 16.47% and a quarterly increase of 16.76%. The volatility ratio for the week is 5.09%, and the volatility levels for the last 30 days are 6.29% for PEDEVCO Corp (PED). The simple moving average for the last 20 days is 7.48% for PED stock, with a simple moving average of 1.76% for the last 200 days.
Analysts’ Opinion of PED
Many brokerage firms have already submitted their reports for PED stocks, with ROTH Capital repeating the rating for PED by listing it as a “Buy.” The predicted price for PED in the upcoming period, according to ROTH Capital is $0.80 based on the research report published on April 06, 2015 of the previous year 2015.
PED Trading at 15.60% from the 50-Day Moving Average
After a stumble in the market that brought PED to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.01% of loss for the given period.
Volatility was left at 6.29%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +6.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.33% upper at present.
During the last 5 trading sessions, PED rose by +2.77%, which changed the moving average for the period of 200-days by -7.70% in comparison to the 20-day moving average, which settled at $0.8120. In addition, PEDEVCO Corp saw 12.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PED starting from Schick John Douglas, who sale 50,000 shares at the price of $0.64 back on Jan 25 ’24. After this action, Schick John Douglas now owns 730,467 shares of PEDEVCO Corp, valued at $31,870 using the latest closing price.
Clark Moore, the Executive VP of PEDEVCO Corp, sale 50,000 shares at $0.64 during a trade that took place back on Jan 25 ’24, which means that Clark Moore is holding 455,334 shares at $31,860 based on the most recent closing price.
Stock Fundamentals for PED
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.49 for the gross margin
The net margin for PEDEVCO Corp stands at 0.07. The total capital return value is set at 0.06. Equity return is now at value 0.27, with 0.22 for asset returns.
Based on PEDEVCO Corp (PED), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 74.31.
Currently, EBITDA for the company is 15.04 million with net debt to EBITDA at -1.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 6.03for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
To sum up, PEDEVCO Corp (PED) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
