The stock has a 36-month beta value of 0.69. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for PETS is 19.89M, and at present, short sellers hold a 10.60% of that float. On October 09, 2024, the average trading volume of PETS was 236.37K shares.
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PETS) stock’s latest price update
The stock price of Petmed Express, Inc. (NASDAQ: PETS) has jumped by 6.61 compared to previous close of 3.78. Despite this, the company has seen a gain of 8.92% in its stock price over the last five trading days. globenewswire.com reported 2024-09-27 that DELRAY BEACH, Fla., Sept. 27, 2024 (GLOBE NEWSWIRE) — PetMed Express, Inc., dba PetMeds and parent company of PetCareRx, (Nasdaq: PETS), today announced that on September 27, 2024, PetMeds granted two equity awards previously approved by its Board of Directors to two newly hired executives as a material inducement to employment.
PETS’s Market Performance
Petmed Express, Inc. (PETS) has experienced a 8.92% rise in stock performance for the past week, with a 22.87% rise in the past month, and a 9.81% rise in the past quarter. The volatility ratio for the week is 8.40%, and the volatility levels for the past 30 days are at 5.38% for PETS. The simple moving average for the past 20 days is 9.39% for PETS’s stock, with a -12.28% simple moving average for the past 200 days.
Analysts’ Opinion of PETS
Many brokerage firms have already submitted their reports for PETS stocks, with Lake Street repeating the rating for PETS by listing it as a “Buy.” The predicted price for PETS in the upcoming period, according to Lake Street is $20 based on the research report published on May 25, 2023 of the previous year 2023.
Sidoti, on the other hand, stated in their research note that they expect to see PETS reach a price target of $32. The rating they have provided for PETS stocks is “Buy” according to the report published on January 20th, 2022.
Morgan Stanley gave a rating of “Underweight” to PETS, setting the target price at $25 in the report published on November 18th of the previous year.
PETS Trading at 17.03% from the 50-Day Moving Average
After a stumble in the market that brought PETS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.98% of loss for the given period.
Volatility was left at 5.38%, however, over the last 30 days, the volatility rate increased by 8.40%, as shares surge +22.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.75% upper at present.
During the last 5 trading sessions, PETS rose by +8.92%, which changed the moving average for the period of 200-days by -45.02% in comparison to the 20-day moving average, which settled at $3.68. In addition, Petmed Express, Inc. saw -46.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PETS starting from Smith Jacqueline Paula, who sale 601 shares at the price of $3.19 back on Aug 15 ’24. After this action, Smith Jacqueline Paula now owns 20,099 shares of Petmed Express, Inc., valued at $1,917 using the latest closing price.
FULGONI GIAN, the Director of Petmed Express, Inc., purchase 41,000 shares at $7.34 during a trade that took place back on Nov 09 ’23, which means that FULGONI GIAN is holding 109,510 shares at $301,124 based on the most recent closing price.
Stock Fundamentals for PETS
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.26 for the gross margin
The net margin for Petmed Express, Inc. stands at -0.01. The total capital return value is set at -0.02. Equity return is now at value -2.43, with -1.54 for asset returns.
Based on Petmed Express, Inc. (PETS), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -3.6. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -75.47.
Currently, EBITDA for the company is 94000.0 with net debt to EBITDA at -9.24. When we switch over and look at the enterprise to sales, we see a ratio of 0.14. The receivables turnover for the company is 119.76for trailing twelve months and the total asset turnover is 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To sum up, Petmed Express, Inc. (PETS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
