Petmed Express, Inc (NASDAQ:PETS)’s traded shares stood at 0.55 million during the last session, with the company’s beta value hitting 0.70. At the close of trading, the stock’s price was $5.75, to imply an increase of 8.29% or $0.44 in intraday trading. The PETS share’s 52-week high remains $7.90, putting it -37.39% down since that peak but still an impressive 49.57% since price per share fell to its 52-week low of $2.90. The company has a valuation of $118.81M, with an average of 0.24 million shares in intraday trading volume over the past 10 days and average of 256.72K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Petmed Express, Inc (PETS), translating to a mean rating of 4.00. Of 2 analyst(s) looking at the stock, 1 analyst(s) give PETS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 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.
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Petmed Express, Inc (NASDAQ:PETS) trade information
After registering a 8.29% upside in the last session, Petmed Express, Inc (PETS) has traded red over the past five days. The 5-day price performance for the stock is 24.19%, and 36.26% over 30 days. With these gigs, the year-to-date price performance is -23.94%. Short interest in Petmed Express, Inc (NASDAQ:PETS) saw shorts transact 1.35 million shares and set a 3.93 days time to cover.
The extremes give us $7 and $7 for target low and target high price respectively. As such, PETS has been trading -21.74% off suggested target high and -21.74% from its likely low.
Petmed Express, Inc (PETS) estimates and forecasts
Looking at statistics comparing Petmed Express, Inc share performance against respective industry, we note that the company has outperformed competitors. Petmed Express, Inc (PETS) shares are 32.49% up over the last 6 months, with its year-to-date growth rate higher than industry average at 172.73% against 16.70%. The rating firms project that company’s revenue will shrink -13.05% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 60M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 62M.Earnings reports from the last fiscal year show that sales brought in 65.32M and 66.5M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -8.14% before dropping -6.77% in the following quarter.
PETS Dividends
Petmed Express, Inc has its next earnings report out in January. 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. The company’s average dividend yield trailing the past 5-year period is 6.86%.
Petmed Express, Inc (NASDAQ:PETS)’s Major holders
Petmed Express, Inc insiders hold 8.10% of total outstanding shares, with institutional holders owning 47.84% of the shares at 52.06% float percentage. In total, 47.84% institutions holds shares in the company, led by HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 1.3 million shares (or 6.3507% of shares), all amounting to roughly $5.25 million.
The next major institution holding the largest number of shares is RENAISSANCE TECHNOLOGIES LLC with 1.26 million shares, or about 6.2001% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.12 million.
