PetIQ Inc (NASDAQ: PETQ)’s stock price has decreased by 0.00 compared to its previous closing price of 30.75. However, the company has seen a -0.03% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-20 that If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, PetIQ (PETQ) could be a great choice. It is one of the several stocks that passed through our ‘Fast-Paced Momentum at a Bargain’ screen.
Is It Worth Investing in PetIQ Inc (NASDAQ: PETQ) Right Now?
The price-to-earnings ratio for PetIQ Inc (NASDAQ: PETQ) is 108.54x, which is above its average ratio. Moreover, the 36-month beta value for PETQ is 1.74. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PETQ is 27.58M and currently, short sellers hold a 4.13% of that float. On September 26, 2024, PETQ’s average trading volume was 821.67K shares.
PETQ’s Market Performance
PETQ’s stock has seen a -0.03% decrease for the week, with a 0.82% rise in the past month and a 38.76% gain in the past quarter. The volatility ratio for the week is 0.21%, and the volatility levels for the past 30 days are at 0.29% for PetIQ Inc The simple moving average for the past 20 days is 0.30% for PETQ’s stock, with a 45.86% simple moving average for the past 200 days.
Analysts’ Opinion of PETQ
Many brokerage firms have already submitted their reports for PETQ stocks, with Truist repeating the rating for PETQ by listing it as a “Hold.” The predicted price for PETQ in the upcoming period, according to Truist is $31 based on the research report published on August 08, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see PETQ reach a price target of $22. The rating they have provided for PETQ stocks is “Buy” according to the report published on December 19th, 2023.
Lake Street gave a rating of “Buy” to PETQ, setting the target price at $28 in the report published on September 06th of the previous year.
PETQ Trading at 10.47% 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 -0.29% of loss for the given period.
Volatility was left at 0.29%, however, over the last 30 days, the volatility rate increased by 0.21%, as shares surge +0.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.95% upper at present.
During the last 5 trading sessions, PETQ fell by -0.03%, which changed the moving average for the period of 200-days by +73.43% in comparison to the 20-day moving average, which settled at $30.67. In addition, PetIQ Inc saw 55.70% 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 PETQ starting from Huff Scott, who sale 12,117 shares at the price of $22.19 back on Jun 12 ’24. After this action, Huff Scott now owns 0 shares of PetIQ Inc, valued at $268,876 using the latest closing price.
Stock Fundamentals for PETQ
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.25 for the gross margin
The net margin for PetIQ Inc stands at 0.01. The total capital return value is set at 0.09. Equity return is now at value 5.37, with 1.48 for asset returns.
Based on PetIQ Inc (PETQ), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.74. The interest coverage ratio of the stock is 1.84.
Currently, EBITDA for the company is 104.59 million with net debt to EBITDA at 3.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 5.28for 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 2.58.
Conclusion
To wrap up, the performance of PetIQ Inc (PETQ) has been better in recent times. The stock has received a bullish 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.
