Could Wag Group Co (NASDAQ: PET) Regain All Of Its Losses Given A -21.85% Dip From High?

During the last session, Wag Group Co (NASDAQ:PET)’s traded shares were 0.43 million, with the beta value of the company hitting 1.25. At the end of the trading day, the stock’s price was $0.94, reflecting an intraday gain of 9.90% or $0.08. The 52-week high for the PET share is $2.47, that puts it down -162.77 from that peak though still a striking 29.79% gain since the share price plummeted to a 52-week low of $0.66. The company’s market capitalization is $46.08M, and the average intraday trading volume over the past 10 days was 0.14 million shares, and the average trade volume was 166.55K shares over the past three months.

Wag Group Co (PET) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. PET has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.

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Wag Group Co (NASDAQ:PET) trade information

Wag Group Co (PET) registered a 9.90% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.90% in intraday trading to $0.94, hitting a weekly high. The stock’s 5-day price performance is 27.91%, and it has moved by 32.12% in 30 days. Based on these gigs, the overall price performance for the year is -49.52%. The short interest in Wag Group Co (NASDAQ:PET) is 1.35 million shares and it means that shorts have 7.86 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 73.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $4 respectively. As a result, PET is trading at a discount of -325.53% off the target high and -219.15% off the low.

Wag Group Co (PET) estimates and forecasts

Statistics show that Wag Group Co has outperformed its competitors in share price, compared to the industry in which it operates. Wag Group Co (PET) shares have gone down -52.80% during the last six months, with a year-to-date growth rate more than the industry average at 36.36% against 4.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 33.30% this quarter and then jump 77.80% in the quarter after that. In the rating firms’ projections, revenue will increase 8.00% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 20.9M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 27.82M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 21.8M and 21.67M respectively. In this case, analysts expect current quarter sales to shrink by -4.10% and then jump by 28.40% in the coming quarter.

While earnings are projected to return 40.00% in 2024.

PET Dividends

Wag Group Co is due to release its next quarterly earnings on 2024-Aug-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Wag Group Co (NASDAQ:PET)’s Major holders

Wag Group Co insiders own 17.02% of total outstanding shares while institutional holders control 56.60%, with the float percentage being 68.21%.