Wag Group Co’s (NASDAQ:PET) Forecasted Growth Is -138.1% Or More

In last trading session, Wag Group Co (NASDAQ:PET) saw 2.16 million shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $0.21 trading at $0.01 or 4.22% at ring of the bell on the day assigns it a market valuation of $10.77M. That closing price of PET’s stock is at a discount of -1076.19% from its 52-week high price of $2.47 and is indicating a premium of 33.33% from its 52-week low price of $0.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.87 million shares which gives us an average trading volume of 2.12 million if we extend that period to 3-months.

For Wag Group Co (PET), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 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 in the current quarter.

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Wag Group Co (NASDAQ:PET) trade information

Upright in the green during last session for gaining 4.22%, in the last five days PET remained trading in the red while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $0.21 price level, adding 20.75% to its value on the day. Wag Group Co’s shares saw a change of -88.15% in year-to-date performance and have moved -1.24% in past 5-day. Wag Group Co (NASDAQ:PET) showed a performance of -73.04% in past 30-days. Number of shares sold short was 2.14 million shares which calculate 2.25 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 94.0% to its current value. Analysts have been projecting 0.5 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -138.1% in reaching the projected high whereas dropping to the targeted low would mean a loss of -138.1% for stock’s current value.

Wag Group Co (PET) estimates and forecasts

Statistics highlight that Wag Group Co is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -86.61% of value to its shares in past 6 months, showing an annual growth rate of 42.42% while that of industry is 4.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -15.54% 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 15.8M for the same. And 1 analysts are in estimates of company making revenue of 19.3M in the next quarter. Company posted 21.67M and 23.22M of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 12.37% of company’s total shares while institution are holding 60.31 percent of that, with stock having share float percentage of 68.82%. Investors also watch the number of corporate investors in a company very closely, which is 60.31% institutions for Wag Group Co that are currently holding shares of the company.

On the other hand, Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Market Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 618.22 shares of worth $0.13 million or 1.24% of the total outstanding shares. The later fund manager was in possession of 147.0 shares on Sep 30, 2024 , making its stake of worth around $30502.0 in the company or a holder of 0.30% of company’s stock.