Research Recommendations For PetVivo Holdings Inc. (PETV): Here is What You Should Know

PetVivo Holdings Inc. (NASDAQ:PETV) saw an upside of 14.45% to $2.93 after adding $0.37 on Tuesday. The 5-day average trading volume is 881,049 shares of the company’s common stock. It has gained $3.22 in the past week. An average of 299,502 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 618,459.

PETV’s 1-month performance is -22.66% or -$0.29 on its low of $2.36 reached on 10/05/21. The company’s shares have touched a 52-week low of $1.96 and high of $17.00, with the stock’s rally to the 52-week high happening on 01/04/21. YTD, PETV has lost -80.68% or -$10.23. However, the current price is down -82.77%% from the 52-week high price.


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Valuation Metrics

PetVivo Holdings Inc. (PETV) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.24 for the sector.PETV stock has a beta of 1.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1676.86.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$0.51 million. PETV stock balance sheet for the recent quarter shows that total liabilities totaled 1.66 million, with total debt at $0.46 million. Shareholders hold equity totaling $9.65 million

Technical Picture

Let’s look briefly at PetVivo Holdings Inc. (PETV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 61.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 100.26%.

The stock’s 5-day moving average is $2.61, reflecting a +25.83% or $0.62 change from its current price. PETV is currently trading unch above its 20-day SMA, -66.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -62.72% and -41.92% respectively.

Stochastic %K and %D was 38.76% and 23.90% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 49.84%, while the 14-day stochastic is at 76.74% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at 0.09 and -0.02 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for PETV stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PETV as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is PETV’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $7.00 and a high of $7.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for PetVivo Holdings Inc. (PETV) stock is $7.00.

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