The stock of Petco Health and Wellness Co Inc (NASDAQ: WOOF) has increased by 3.05 when compared to last closing price of 3.94. Despite this, the company has experienced a -7.09% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-13 that SAN DIEGO, Nov. 13, 2024 /PRNewswire/ — Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced Joe Venezia will join the company as Chief Revenue Officer, effective Nov. 17, reporting to Joel Anderson, Chief Executive Officer. In this newly created role, Venezia will be responsible for driving revenue and developing integrated strategies to improve the customer experience.
Is It Worth Investing in Petco Health and Wellness Co Inc (NASDAQ: WOOF) Right Now?
WOOF has 36-month beta value of 1.90. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 2 as “sell.”
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The public float for WOOF is 77.97M, and currently, short sellers hold a 29.30% ratio of that float. The average trading volume of WOOF on November 20, 2024 was 3.85M shares.
WOOF’s Market Performance
The stock of Petco Health and Wellness Co Inc (WOOF) has seen a -7.09% decrease in the past week, with a -12.31% drop in the past month, and a 43.46% gain in the past quarter. The volatility ratio for the week is 6.13%, and the volatility levels for the past 30 days are at 6.23% for WOOF. The simple moving average for the past 20 days is -6.99% for WOOF’s stock, with a 27.82% simple moving average for the past 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 -12.13% 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 -31.65% of loss for the given period.
Volatility was left at 6.23%, however, over the last 30 days, the volatility rate increased by 6.13%, as shares sank -13.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.25% upper at present.
During the last 5 trading sessions, WOOF fell by -7.09%, which changed the moving average for the period of 200-days by +69.17% in comparison to the 20-day moving average, which settled at $4.36. In addition, Petco Health and Wellness Co Inc saw 28.48% 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 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is -8.16.
Currently, EBITDA for the company is -971.83 million with net debt to EBITDA at -2.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. 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
To put it simply, Petco Health and Wellness Co Inc (WOOF) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
