Are Wag Group Co (NASDAQ: PET) Shares Worth Your Money In 2024?

In the latest trading session,, 4.69 million Wag Group Co (NASDAQ:PET) shares changed hands as the company’s beta touched 1.24. With the company’s most recent per share price at $0.19 changed hands at -$0.47 or -70.44% at last look, the market valuation stands at $9.46M. PET’s current price is a discount, trading about -1200.0% off its 52-week high of $2.47. The share price had its 52-week low at $0.56, which suggests the last value was -194.74% down since then. When we look at Wag Group Co’s average trading volume, we note the 10-day average is 0.19 million shares, with the 3-month average coming to 135.28K.

Analysts gave the Wag Group Co (PET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended PET as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Wag Group Co’s EPS for the current quarter is expected to be -0.04.

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Wag Group Co (NASDAQ:PET) trade information

Instantly PET was in red as seen in intraday trades today. With action -67.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -88.93%, with the 5-day performance at -67.88% in the red. However, in the 30-day time frame, Wag Group Co (NASDAQ:PET) is -76.12% down. Looking at the short shares, we see there were 1.52 million shares sold at short interest cover period of 16.39 days.

The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 94.57% from its recent market value. According to analyst projections, PET’s forecast low is 3 with 4 as the target high. To hit the forecast high, the stock’s price needs a -2005.26% plunge from its current level, while the stock would need to soar -1478.95% for it to hit the projected low.

Wag Group Co (PET) estimates and forecasts

Data shows that the Wag Group Co share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -90.59% over the past 6 months, a 36.36% in annual growth rate that is considerably higher than the industry average of 3.70%. Year-over-year growth is forecast to reach 8.00% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 20.9M. 4 analysts are of the opinion that Wag Group Co’s revenue for the current quarter will be 27.82M. The company’s revenue for the corresponding quarters a year ago was 21.8M and 21.67M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.10%. The estimates for the next quarter sales put growth at 28.40%.

The 2024 estimates are for Wag Group Co earnings to increase by 40.00%.

PET Dividends

Wag Group Co is expected to release its next quarterly earnings report on 2024-Nov-13.

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

If we look at who the major shareholders are, we find that insiders hold 13.05% of Wag Group Co shares while 56.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.03%.