Petco Health and Wellness Co Inc (NASDAQ:WOOF) price on Wednesday, February 05, fall -2.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.31.
A look at the stock’s price movement, the close in the last trading session was $3.38, moving within a range at $3.325 and $3.42. The beta value (5-Year monthly) was 1.928. Turning to its 52-week performance, $6.29 and $1.41 were the 52-week high and 52-week low respectively. Overall, WOOF moved -18.47% over the past month.
Petco Health and Wellness Co Inc’s market cap currently stands at around $912.42 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.56B for the company’s revenue for the quarter, with a low and high estimate of 1.54B and 1.58B respectively. The average forecast suggests down to a -6.97% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.12B, representing a -2.13% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WOOF is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 7 recommend WOOF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WOOF’s current price about -10.78% and -19.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.89, while 7-day volatility ratio is 5.26% and 6.59% in the 30-day chart. Further, Petco Health and Wellness Co Inc (WOOF) has a beta value of 1.88, and an average true range (ATR) of 0.25. Analysts have given the company’s stock an average 52-week price target of $4.55, forecast between a low of $3.5 and high of $5.5. Looking at the price targets, the low is -5.74% off current price level while to achieve the yearly target high, price needs to move -66.16%. Nonetheless, investors will most likely welcome a -37.46% jump to $4.55 which is the analysts’ median price.
If we refocus on Petco Health and Wellness Co Inc (NASDAQ:WOOF), historical trading data shows that trading volumes averaged 3.14 over the past 10 days and 4.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 237.16 million shares.
The 49.69% of Petco Health and Wellness Co Inc’s shares are in the hands of company insiders while institutional holders own 56.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 23.09 million on 2024-11-15, giving us a short ratio of 8.58. The data shows that as of 2024-11-15 short interest in Petco Health and Wellness Co Inc (WOOF) stood at 2608.0 of shares outstanding, with shares short rising to 22.66 million registered in 2024-10-15. Current price change has pushed the stock -13.12% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WOOF stock continues to rise going into the next quarter.
