The stock of PetIQ Inc (PETQ) has gone up by 10.99% for the week, with a 5.30% rise in the past month and a 5.71% rise in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are 3.35% for PETQ. The simple moving average for the past 20 days is 12.17% for PETQ’s stock, with a 1.91% simple moving average for the past 200 days.
Is It Worth Investing in PetIQ Inc (NASDAQ: PETQ) Right Now?
PetIQ Inc (NASDAQ: PETQ) has a higher price-to-earnings ratio of 85.54x compared to its average ratio, The 36-month beta value for PETQ is at 1.72. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PETQ is 27.45M, and currently, shorts hold a 6.67% of that float. The average trading volume for PETQ on May 10, 2024 was 292.88K shares.
PETQ) stock’s latest price update
PetIQ Inc (NASDAQ: PETQ)’s stock price has gone rise by 5.89 in comparison to its previous close of 17.65, however, the company has experienced a 10.99% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that PetIQ’s (PETQ) first-quarter results are likely to reflect growth in the Product and Services segments of the business.
Analysts’ Opinion of PETQ
Many brokerage firms have already submitted their reports for PETQ stocks, with Jefferies repeating the rating for PETQ by listing it as a “Buy.” The predicted price for PETQ in the upcoming period, according to Jefferies is $22 based on the research report published on December 19, 2023 of the previous year 2023.
Lake Street, on the other hand, stated in their research note that they expect to see PETQ reach a price target of $28. The rating they have provided for PETQ stocks is “Buy” according to the report published on September 06th, 2023.
PETQ Trading at 9.63% from the 50-Day Moving Average
After a stumble in the market that brought PETQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.67% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +7.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.02% upper at present.
During the last 5 trading sessions, PETQ rose by +10.99%, which changed the moving average for the period of 200-days by +15.30% in comparison to the 20-day moving average, which settled at $16.73. In addition, PetIQ Inc saw -5.37% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PETQ
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.23 for the gross margin
The net margin for PetIQ Inc stands at 0.0. The total capital return value is set at 0.07. Equity return is now at value 3.21, with 0.84 for asset returns.
Based on PetIQ Inc (PETQ), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 2.05. The interest coverage ratio of the stock is 1.42.
Currently, EBITDA for the company is 104.59 million with net debt to EBITDA at 3.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.82. The receivables turnover for the company is 7.73for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.
Conclusion
In conclusion, PetIQ Inc (PETQ) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
