Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares, rose in value on Wednesday, November 20, with price down by -2.22% to the previous day’s close as strong demand from buyers drove the stock to $3.97.
Actively observing the price movement in the last trading, the stock closed the session at $4.06, falling within a range of $3.855 and $4.1. The value of beta (5-year monthly) was 1.928. Referring to stock’s 52-week performance, its high was $5.94, and the low was $1.41. On the whole, WOOF has fluctuated by -15.35% over the past month.
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With the market capitalization of Petco Health and Wellness Co Inc currently standing at about $1.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of WOOF currently trading nearly -8.39% and -14.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.60, while the 7-day volatility ratio is showing 5.46% which for the 30-day chart, stands at 6.36%. Furthermore, Petco Health and Wellness Co Inc (WOOF)’s beta value is 1.91, and its average true range (ATR) is 0.29.
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 -2.22% in last session, and over the past year, it shrunk by -0.50%%.
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 2.86 and over the past 3 months, they’ve averaged 3.82 million. According to company’s latest data on outstanding shares, there are 231.16 million shares outstanding.
Nearly 71.58% of Petco Health and Wellness Co Inc’s shares belong to company insiders and institutional investors own 56.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.85 million shares as on 2024-10-31, resulting in a short ratio of 7.29. According to the data, the short interest in Petco Health and Wellness Co Inc (WOOF) stood at 2580.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 21.23 million. The stock has risen by 25.63% 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.
