PEDEVCO Corp. (PED) Price Target: Is It Set To Rise Or Fall In Price?

PEDEVCO Corp. (AMEX:PED) finished Wednesday with a subtraction of -$0.09 to close at $1.95, a downside of -4.41 percent. An average of 26,871,379 shares of common stock have been traded in the last five days. There was a gain of $0.32 in the past week. The last 20 days have seen an average of 13,685,665 shares traded, while the 50-day average volume stands at 5,573,126.

PED stock has increased by 44.44% in the last month. The company shares reached their 1-month lowest point of $1.31 on 09/29/21. With the stock rallying to its 52-week high on 01/28/21, shares of the company touched a low of $0.93 and a high of $3.50 in 52 weeks. In spite of this, the price is down -44.29% from the 52-week high.


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Insider Transactions

16 days have passed since PEDEVCO Corp. (PED) last reported insider trading activity. Schick John Douglas, who is President, most recently acquired $77,067 shares at $1.37 per share on Sep 28. In this transaction, the insider spent $105,351. Director, SIEM IVAR, disposed of 35,000 shares at a price of $1.35 on Jul 12. The insider now owns more than $47,397 worth of shares. Prior to that, Director SCELFO JOHN J went on to Sale 45,000 shares at $1.36 each on Jul 12. An amount of $61,074 was transacted.

Valuation Metrics

PEDEVCO Corp. (PED) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. In the last five years, PEDEVCO Corp.’s PE ratio has ranged between 110.50 and 0.2784. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.31, the price-to-book (PB) ratio at 1.81, and the price-to-cash flow ratio at 523.45.

The quick ratio of PEDEVCO Corp. for the recent quarter was 9.30, and the current ratio was 9.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. On the profitability front, the trailing 12-month gross margin is 58.60% against a 5-year average of -75.9%. PEDEVCO Corp.’s EBITDA margin is -37.95%. Its gross profit as reported stood at $41.88 million compared to revenue of $8.06 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PEDEVCO Corp.’s return on assets was -27.80%, compared to -10.0% over the last five years. For the broader industry, ROE averaged 12.45 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at PEDEVCO Corp. (PED) price momentum. RSI 9-day as of the close on 13 October was 60.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 231.91%.

As of today, PED’s price is $2.00 +19.63% or $0.32 from its 5-day moving average. PED is currently trading +39.29% higher than its 20-day SMA and +41.30% higher than its 100-day SMA. However, the stock’s current price level is +71.05% above the SMA50 and +62.50% above the SMA200.

The stochastic %K and %D were 60.37% and 62.17%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 57.66% and the average true range at 0.24, the RSI (14) stands at 61.64%. The stock has reached 0.06 on the 9-day MACD Oscillator while the 14-day reading was at 0.24.

Analyst Ratings

ROTH Capital reiterated its a Buy rating on PEDEVCO Corp. (AMEX: PED), but raised their price target to $1.20, indicating a potential price decrease of -38.46% for the stock.The consensus rating for PEDEVCO Corp. (PED) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PED, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $7.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for PEDEVCO Corp. (PED) stock is $7.00.

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