PEDEVCO Corp (AMEX: PED) has a higher price-to-earnings ratio of 321.87x compared to its average ratio, The 36-month beta value for PED is at 0.49. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PED is 26.00M, and currently, shorts hold a 0.49% of that float. The average trading volume for PED on April 22, 2024 was 135.44K shares.
PED) stock’s latest price update
PEDEVCO Corp (AMEX: PED) has experienced a rise in its stock price by 10.75 compared to its previous closing price of 0.93. However, the company has seen a gain of 16.37% in its stock price over the last five trading days. 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?
PED’s Market Performance
PEDEVCO Corp (PED) has experienced a 16.37% rise in stock performance for the past week, with a 27.14% rise in the past month, and a 54.42% rise in the past quarter. The volatility ratio for the week is 7.78%, and the volatility levels for the past 30 days are at 7.19% for PED. The simple moving average for the past 20 days is 24.86% for PED’s stock, with a 20.59% simple moving average for the past 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 33.63% 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 -8.85% of loss for the given period.
Volatility was left at 7.19%, however, over the last 30 days, the volatility rate increased by 7.78%, as shares surge +26.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.06% upper at present.
During the last 5 trading sessions, PED rose by +16.37%, which changed the moving average for the period of 200-days by +11.81% in comparison to the 20-day moving average, which settled at $0.8357. In addition, PEDEVCO Corp saw 33.75% 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 2.1. 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
In conclusion, PEDEVCO Corp (PED) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
