PetIQ Inc. (NASDAQ:PETQ) saw an upside of 8.62% to $18.91 after adding $1.5 on Wednesday. The 5-day average trading volume is 347,843 shares of the company’s common stock. It has gained $20.03 in the past week and touched a new high 5 times within the past 5 days. An average of 210,776 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 199,150.
PETQ’s 1-month performance is 21.69% or $4.13 on its low of $14.81 reached on 07/10/23. The company’s shares have touched a 52-week low of $6.66 and high of $18.19, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, PETQ has achieved 105.10% or $9.97 and has reached a new high 35 times. However, the current price is up 3.96% from the 52-week high price.
Valuation Metrics
PETQ stock has a beta of 1.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.56 while the price-to-book (PB) in the most recent quarter is 2.49, with the price to cash flow ratio at 12.57.
PetIQ Inc.’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.00, while the total debt to equity was 2.04. In terms of profitability, the gross margin trailing 12 months is 22.90%. The trailing 12-month EBITDA margin is 7.19% while for the period ending June 29, PetIQ Inc.’s operating margin was -1.10%. The firm’s gross profit as reported stood at $209.66 million against revenue of $921.51 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 67.73% to $9.7 million, while revenue of -$6.84 million was 170.52% off the previous quarter. Analysts expected PETQ to announce $0.26 per share in earnings in its latest quarter, but it posted $0.46, representing a 76.90% surprise. EBITDA for the quarter stood at more than $27.4 million. PETQ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 644.57 million, with total debt at $468.68 million. Shareholders hold equity totaling $29.38 million.
Let’s look briefly at PetIQ Inc. (PETQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 86.44% to suggest the stock is trending Overbought, with historical volatility in this time period at 52.61%.
The stock’s 5-day moving average is $17.39, reflecting a +18.27% or $2.97 change from its current price. PETQ is currently trading +22.81% above its 20-day SMA, +53.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +52.22% and SMA200 by+162.23%.
Stochastic %K and %D was 91.18% and 88.28% and the average true range (ATR) pointed at 0.74. The RSI (14) points at 82.61%, while the 14-day stochastic is at 80.44% with the period’s ATR at 0.65. The stock’s 9-day MACD Oscillator is pointing at 0.96 and 1.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PetIQ Inc. (NASDAQ: PETQ), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for PETQ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PETQ as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is PETQ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.00 and a high of $30.00, with their median price target at $27.50. Looking at these predictions, the average price target given by analysts is for PetIQ Inc. (PETQ) stock is $27.50.
