Why Wag Group Co (NASDAQ: PET) Stock Should Not Be Discarded By Investors In 2024

In the last trading session, 1.23 million shares of the Wag Group Co (NASDAQ:PET) were traded, and its beta was 1.12. Most recently the company’s share price was $0.18, and it changed around $0.01 or 4.57% from the last close, which brings the market valuation of the company to $8.76M. PET currently trades at a discount to its 52-week high of $2.47, offering almost -1272.22% off that amount. The share price’s 52-week low was $0.14, which indicates that the current value has risen by an impressive 22.22% since then. We note from Wag Group Co’s average daily trading volume that its 10-day average is 2.13 million shares, with the 3-month average coming to 435.15K.

Wag Group Co stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended PET as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Wag Group Co is expected to report earnings per share of -0.09 for the current quarter.

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Wag Group Co (NASDAQ:PET) trade information

Instantly PET has showed a green trend with a performance of 4.57% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.7200 on recent trading dayincreased the stock’s daily price by 75.0%. The company’s shares are currently down -89.56% year-to-date, but still down -71.95% over the last five days. On the other hand, Wag Group Co (NASDAQ:PET) is -77.72% down in the 30-day period. We can see from the shorts that 1.52 million shares have been sold at a short interest cover period of 16.39 day(s).

The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 94.86% from its current value. Analyst projections state that PET is forecast to be at a low of $0.5 and a high of $4.

Wag Group Co (PET) estimates and forecasts

Wag Group Co share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -89.84 percent over the past six months and at a 42.42% annual growth rate that is well above the industry average of 4.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 5.56% in revenue this quarter, and will report an increase of 27.27% in the next quarter. The year-over-year growth rate is expected to be -16.02%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 15.4M in revenue for the current quarter. 2 analysts expect Wag Group Co to make 18.65M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 21.67M and 23.22M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -28.94%. Forecasts for the next quarter put sales growth at -19.68%.

PET Dividends

Wag Group Co’s next quarterly earnings report is expected to be released in December.

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

Upon looking at major shareholders, it appears that insiders hold 12.80% of Wag Group Co shares, and 60.31% of them are in the hands of institutional investors. The stock currently has a share float of 69.17%.