Wag Group Co (NASDAQ: PET) Down -90.01% YTD: Could Trouble Be Ahead?

Wag Group Co (NASDAQ:PET)’s traded shares stood at 2.34 million during the last session, with the company’s beta value hitting 1.01. At the close of trading, the stock’s price was $0.17, to imply a decrease of -3.85% or -$0.01 in intraday trading. The PET share’s 52-week high remains $2.47, putting it -1352.94% down since that peak but still an impressive 5.88% since price per share fell to its 52-week low of $0.16. The company has a valuation of $8.71M, with an average of 1.9 million shares in intraday trading volume over the past 10 days and average of 398.87K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Wag Group Co (PET), translating to a mean rating of 2.33. Of 2 analyst(s) looking at the stock, 0 analyst(s) give PET a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.0.

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Wag Group Co (NASDAQ:PET) trade information

After registering a -3.85% downside in the last session, Wag Group Co (PET) has traded red over the past five days. The 5-day price performance for the stock is -72.67%, and -79.42% over 30 days. With these gigs, the year-to-date price performance is -90.01%. Short interest in Wag Group Co (NASDAQ:PET) saw shorts transact 1.52 million shares and set a 16.39 days time to cover.

The extremes give us $0.5 and $4 for target low and target high price respectively. As such, PET has been trading -2252.94% off suggested target high and -194.12% from its likely low.

Wag Group Co (PET) estimates and forecasts

Looking at statistics comparing Wag Group Co share performance against respective industry, we note that the company has outperformed competitors. Wag Group Co (PET) shares are -90.94% down over the last 6 months, with its year-to-date growth rate higher than industry average at 42.42% against 5.30%. Revenue is forecast to grow 100.00% this quarter before jumping 88.34% for the next one. The rating firms project that company’s revenue will shrink -9.93% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 15.4M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 20.1M.Earnings reports from the last fiscal year show that sales brought in 21.67M and 23.22M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -28.94% before dropping -13.43% in the following quarter.

PET Dividends

Wag Group Co has its next earnings report out on 2024-Nov-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Wag Group Co insiders hold 12.80% of total outstanding shares, with institutional holders owning 60.32% of the shares at 69.18% float percentage. In total, 60.32% institutions holds shares in the company.