Petmed Express, Inc. (NASDAQ:PETS) Down Almost -23.03% In One Month, Looking Good For The Long Term

In last trading session, Petmed Express, Inc. (NASDAQ:PETS) saw 0.43 million shares changing hands with its beta currently measuring 0.74. Company’s recent per share price level of $7.62 trading at $0.02 or 0.26% at ring of the bell on the day assigns it a market valuation of $161.16M. That closing price of PETS’s stock is at a discount of -197.11% from its 52-week high price of $22.64 and is indicating a premium of 27.82% from its 52-week low price of $5.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.49 million shares which gives us an average trading volume of 496.08K if we extend that period to 3-months.

For Petmed Express, Inc. (PETS), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.03 in the current quarter.

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Petmed Express, Inc. (NASDAQ:PETS) trade information

Upright in the green during last session for gaining 0.26%, in the last five days PETS remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $7.62 price level, adding 7.86% to its value on the day. Petmed Express, Inc.’s shares saw a change of -56.95% in year-to-date performance and have moved 6.13% in past 5-day. Petmed Express, Inc. (NASDAQ:PETS) showed a performance of -23.03% in past 30-days. Number of shares sold short was 3.51 million shares which calculate 5.91 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $9.75 to the stock, which implies a rise of 21.85% to its current value. Analysts have been projecting $6.50 as a low price target for the stock while placing it at a high target of $13.00. It follows that stock’s current price would drop -70.6% in reaching the projected high whereas dropping to the targeted low would mean a gain of 14.7% for stock’s current value.

Petmed Express, Inc. (PETS) estimates and forecasts

Statistics highlight that Petmed Express, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -48.23% of value to its shares in past 6 months, showing an annual growth rate of -56.76% while that of industry is 21.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. This year revenue growth is estimated to rise 12.70% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $68 million for the same. And 1 analysts are in estimates of company making revenue of $73.5 million in the next quarter that will end on Mar 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -63.68% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -450.00% while estimates for its earnings growth in next 5 years are of -0.02%.

PETS Dividends

Petmed Express, Inc. is more likely to be releasing its next quarterly report between February 05 and February 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Petmed Express, Inc. (NASDAQ:PETS)’s Major holders

Insiders are in possession of 4.07% of company’s total shares while institution are holding 82.22 percent of that, with stock having share float percentage of 85.71%. Investors also watch the number of corporate investors in a company very closely, which is 82.22% institutions for Petmed Express, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at PETS for having 1.69 million shares of worth $23.37 million. And as of Jun 29, 2023, it was holding 8.00% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 1.16 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.46% of outstanding shares, having a total worth of $15.94 million.

On the other hand, Global X Fds-Global X SuperDividend U.S. ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.71 million shares of worth $7.24 million or 3.33% of the total outstanding shares. The later fund manager was in possession of 0.64 million shares on Jun 29, 2023, making its stake of worth around $8.83 million in the company or a holder of 3.02% of company’s stock.

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