Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares, rose in value, with the stock price up by 3.09% to the previous day’s close as strong demand from buyers drove the stock to $2.00.
Actively observing the price movement in the last trading, the stock closed the session at $1.94. The value of beta (5-year monthly) was 1.18. Referring to stock’s 52-week performance, its high was $10.76, and the low was $1.86. On the whole, WOOF has fluctuated by -25.65% over the past month.
With the market capitalization of Petco Health and Wellness Co Inc currently standing at about $536.98 million, investors are eagerly awaiting this quarter’s results, scheduled for May 22, 2024 – May 27, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to $0.02 for fiscal year -$0.08 and then to about $0.09 by fiscal year 2026. Data indicates that the EPS growth is expected to be -188.90% in 2026, while the next year’s EPS growth is forecast to be 212.50%.
Analysts have estimated the company’s revenue for the quarter at $1.51 billion, with a low estimate of $1.5 billion and a high estimate of $1.56 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $6.13 billion, representing a decrease of -2.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WOOF’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WOOF currently trading nearly -10.17% and -17.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.79, while the 7-day volatility ratio is showing 10.31% which for the 30-day chart, stands at 8.44%. Furthermore, Petco Health and Wellness Co Inc (WOOF)’s beta value is 1.17, and its average true range (ATR) is 0.18.
A comparison of Petco Health and Wellness Co Inc (WOOF) with its peers suggests the former has fared considerably weaker in the market. WOOF showed an intraday change of 3.09% in last session, and over the past year, it shrunk by -77.78%%.
Data on historical trading for Petco Health and Wellness Co Inc (NASDAQ:WOOF) indicates that the trading volumes over the past 10 days have averaged 4.13 million and over the past 3 months, they’ve averaged 4.25 million. According to company’s latest data on outstanding shares, there are 231.20 million shares outstanding.
Nearly 48.06% of Petco Health and Wellness Co Inc’s shares belong to company insiders and institutional investors own 56.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.97 million shares as on Mar 15, 2024, resulting in a short ratio of 5.92. According to the data, the short interest in Petco Health and Wellness Co Inc (WOOF) stood at 8.91% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 21.58 million. The stock has fallen by -36.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WOOF stock heading into the next quarter.
