Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares, rose in value, with the stock price down by -3.21% to the previous day’s close as strong demand from buyers drove the stock to $1.51.
Actively observing the price movement in the last trading, the stock closed the session at $1.56. Referring to stock’s 52-week performance, its high was $10.76, and the low was $1.52. On the whole, WOOF has fluctuated by -19.68% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.13B, with a low estimate of 1.5B and a high estimate of 1.56B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.51B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 -17.33% and -30.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.57, while the 7-day volatility ratio is showing 6.41% which for the 30-day chart, stands at 7.38%. Furthermore, Petco Health and Wellness Co Inc (WOOF)’s beta value is 1.26, and its average true range (ATR) is 0.13.
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 -3.21% in last session, and over the past year, it shrunk by -83.97%%.
Data on historical trading for Petco Health and Wellness Co Inc (NASDAQ:WOOF) indicates that the trading volumes over the past 3 months, they’ve averaged 3.71 million. According to company’s latest data on outstanding shares, there are 231.16 million shares outstanding.
Nearly 49.57% of Petco Health and Wellness Co Inc’s shares belong to company insiders and institutional investors own 56.40% of the company’s shares. The stock has fallen by -52.22% 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.
