In last trading session, Petmed Express, Inc (NASDAQ:PETS) saw 0.54 million shares changing hands with its beta currently measuring 0.67. Company’s recent per share price level of $4.97 trading at -$0.13 or -2.55% at ring of the bell on the day assigns it a market valuation of $102.69M. That closing price of PETS’s stock is at a discount of -56.74% from its 52-week high price of $7.79 and is indicating a premium of 41.65% from its 52-week low price of $2.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.37 million shares which gives us an average trading volume of 283.01K if we extend that period to 3-months.
For Petmed Express, Inc (PETS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 4.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 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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Petmed Express, Inc (NASDAQ:PETS) trade information
Upright in the red during last session for losing -2.55%, in the last five days PETS remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $4.97 price level, adding 14.31% to its value on the day. Petmed Express, Inc’s shares saw a change of -34.26% in year-to-date performance and have moved -9.80% in past 5-day. Petmed Express, Inc (NASDAQ:PETS) showed a performance of 8.52% in past 30-days. Number of shares sold short was 1.17 million shares which calculate 3.46 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 29.0% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would drop -40.85% in reaching the projected high whereas dropping to the targeted low would mean a loss of -40.85% for stock’s current value.
Petmed Express, Inc (PETS) estimates and forecasts
Statistics highlight that Petmed Express, Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 16.53% of value to its shares in past 6 months, showing an annual growth rate of 172.73% while that of industry is 16.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -13.05% 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 60M for the same. And 1 analysts are in estimates of company making revenue of 62M in the next quarter. Company posted 65.32M and 66.5M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 167.57% while estimates for its earnings growth in next 5 years are of -0.02%.
Petmed Express, Inc (NASDAQ:PETS)’s Major holders
Insiders are in possession of 8.60% of company’s total shares while institution are holding 47.79 percent of that, with stock having share float percentage of 52.29%. Investors also watch the number of corporate investors in a company very closely, which is 47.79% institutions for Petmed Express, Inc that are currently holding shares of the company. HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC is the top institutional holder at PETS for having 1.3 million shares of worth $5.25 million. And as of 2024-06-30, it was holding 6.3507 of the company’s outstanding shares.
The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 1.26 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.2001 of outstanding shares, having a total worth of $5.12 million.
