Petco Health and Wellness Co Inc (NASDAQ: WOOF)’s stock price has dropped by -3.32 in relation to previous closing price of 4.52. Nevertheless, the company has seen a loss of -1.13% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Petco Health and Wellness Co Inc (NASDAQ: WOOF) Right Now?
The 36-month beta value for WOOF is at 1.92. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 2 as “sell.”
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The public float for WOOF is 77.97M, and currently, shorts hold a 29.30% of that float. The average trading volume for WOOF on November 13, 2024 was 3.94M shares.
WOOF’s Market Performance
WOOF stock saw a decrease of -1.13% in the past week, with a monthly decline of -7.22% and a quarterly a decrease of 89.18%. The volatility ratio for the week is 7.71%, and the volatility levels for the last 30 days are 6.29% for Petco Health and Wellness Co Inc (WOOF). The simple moving average for the last 20 days is -3.34% for WOOF’s stock, with a simple moving average of 39.37% for the last 200 days.
Analysts’ Opinion of WOOF
Many brokerage firms have already submitted their reports for WOOF stocks, with Citigroup repeating the rating for WOOF by listing it as a “Neutral.” The predicted price for WOOF in the upcoming period, according to Citigroup is $4 based on the research report published on July 19, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see WOOF reach a price target of $1.50, previously predicting the price at $5. The rating they have provided for WOOF stocks is “Underperform” according to the report published on April 02nd, 2024.
Jefferies gave a rating of “Hold” to WOOF, setting the target price at $3.11 in the report published on December 19th of the previous year.
WOOF Trading at -3.10% from the 50-Day Moving Average
After a stumble in the market that brought WOOF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.43% of loss for the given period.
Volatility was left at 6.29%, however, over the last 30 days, the volatility rate increased by 7.71%, as shares sank -5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.81% upper at present.
During the last 5 trading sessions, WOOF fell by -1.13%, which changed the moving average for the period of 200-days by +71.37% in comparison to the 20-day moving average, which settled at $4.52. In addition, Petco Health and Wellness Co Inc saw 38.29% 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 WOOF starting from Tichy Justin, who proposed sale 20,743 shares at the price of $2.75 back on Aug 22 ’24. After this action, Tichy Justin now owns shares of Petco Health and Wellness Co Inc, valued at $57,063 using the latest closing price.
Tichy Justin, the Former Officer of Petco Health and Wellness Co Inc, proposed sale 38,611 shares at $2.60 during a trade that took place back on Aug 07 ’24, which means that Tichy Justin is holding shares at $100,390 based on the most recent closing price.
Stock Fundamentals for WOOF
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.37 for the gross margin
The net margin for Petco Health and Wellness Co Inc stands at -0.21. The total capital return value is set at -0.29. Equity return is now at value -75.29, with -22.36 for asset returns.
Based on Petco Health and Wellness Co Inc (WOOF), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 2.64. The interest coverage ratio of the stock is -8.16.
Currently, EBITDA for the company is 280.88 million with net debt to EBITDA at 14.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 132.27for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, Petco Health and Wellness Co Inc (WOOF) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
