PEDEVCO Corp (AMEX: PED) has a price-to-earnings ratio that is above its average at 291.43x. The stock has a 36-month beta value of 0.59. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PED is 25.78M, and at present, short sellers hold a 0.12% of that float. On October 02, 2024, the average trading volume of PED was 71.72K shares.
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PED) stock’s latest price update
The stock price of PEDEVCO Corp (AMEX: PED) has jumped by 8.51 compared to previous close of 0.94. Despite this, the company has seen a gain of 10.49% in its stock price over the last five trading days. accesswire.com reported 2024-10-01 that HOUSTON, TX / ACCESSWIRE / October 1, 2024 / PEDEVCO Corp. (NYSE American:PED) (“PEDEVCO”) today announced that it has entered into a five year Participation Agreement (“PA”) and Area of Mutual Interest (“AMI”) with a large, Denver, Colorado-based private equity-backed D-J Basin E&P Company with extensive operational experience (“Operator”), pursuant to which the companies have agreed to participate in the joint development of approximately 10,750 net acres collectively held by the companies in the SW Pony Prospect located in Weld County, Colorado. The parties have formed an approximately 16,900 gross acre AMI in the prospect, with PEDVCO holding a 30% interest and the Operator holding a 70% interest in the combined acreage.
PED’s Market Performance
PEDEVCO Corp (PED) has experienced a 10.49% rise in stock performance for the past week, with a 19.27% rise in the past month, and a 13.33% rise in the past quarter. The volatility ratio for the week is 5.76%, and the volatility levels for the past 30 days are at 6.49% for PED. The simple moving average for the past 20 days is 12.05% for PED’s stock, with a 19.12% 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 11.18% 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 -7.27% of loss for the given period.
Volatility was left at 6.49%, however, over the last 30 days, the volatility rate increased by 5.76%, as shares surge +22.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.56% lower at present.
During the last 5 trading sessions, PED rose by +10.49%, which changed the moving average for the period of 200-days by +26.71% in comparison to the 20-day moving average, which settled at $0.9197. In addition, PEDEVCO Corp saw 32.45% 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 PINKSTON PAUL ANTHONY, who sale 35,000 shares at the price of $0.64 back on Jan 25 ’24. After this action, PINKSTON PAUL ANTHONY now owns 499,700 shares of PEDEVCO Corp, valued at $22,292 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:
- 0.12 for the present operating margin
- 0.42 for the gross margin
The net margin for PEDEVCO Corp stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 0.37, with 0.35 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 56.42. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 31.55.
Currently, EBITDA for the company is 15.04 million with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The receivables turnover for the company is 4.09for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.94.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
