The stock of Dogness (International) Corp (NASDAQ: DOGZ) has decreased by -0.60 when compared to last closing price of 20.00.Despite this, the company has seen a gain of 18.05% in its stock price over the last five trading days. prnewswire.com reported 2024-05-17 that PLANO, Texas, May 17, 2024 /PRNewswire/ — Dogness (International) Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced that it closed a private placement transaction (the “Private Placement”), raising US$5.0 million in gross proceeds, from the sale of 2,000,000 of the Company’s Class A common shares (the “Shares”) to various purchasers (the “Purchasers”), priced at US$2.50 per share. On May 9, 2024, the Company entered into a securities purchase agreement with certain non-U.S. purchasers (the “Purchasers”) for the aforementioned placement offering.
Is It Worth Investing in Dogness (International) Corp (NASDAQ: DOGZ) Right Now?
Moreover, the 36-month beta value for DOGZ is 1.30. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DOGZ is 1.66M and currently, short sellers hold a 4.79% of that float. On August 22, 2024, DOGZ’s average trading volume was 193.00K shares.
DOGZ’s Market Performance
DOGZ’s stock has seen a 18.05% increase for the week, with a 48.36% rise in the past month and a 69.77% gain in the past quarter. The volatility ratio for the week is 12.68%, and the volatility levels for the past 30 days are at 11.65% for Dogness (International) Corp. The simple moving average for the past 20 days is 24.41% for DOGZ’s stock, with a 134.51% simple moving average for the past 200 days.
DOGZ Trading at 23.37% from the 50-Day Moving Average
After a stumble in the market that brought DOGZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.25% of loss for the given period.
Volatility was left at 11.65%, however, over the last 30 days, the volatility rate increased by 12.68%, as shares surge +42.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.32% upper at present.
During the last 5 trading sessions, DOGZ rose by +18.76%, which changed the moving average for the period of 200-days by +232.23% in comparison to the 20-day moving average, which settled at $16.28. In addition, Dogness (International) Corp saw 290.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DOGZ
Current profitability levels for the company are sitting at:
- -0.69 for the present operating margin
- 0.16 for the gross margin
The net margin for Dogness (International) Corp stands at -0.54. The total capital return value is set at -0.11. Equity return is now at value -9.38, with -7.16 for asset returns.
Based on Dogness (International) Corp (DOGZ), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -1.2.
Currently, EBITDA for the company is -6.23 million with net debt to EBITDA at -2.53. When we switch over and look at the enterprise to sales, we see a ratio of 19.18. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
To wrap up, the performance of Dogness (International) Corp (DOGZ) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
