As of Thursday close, Petco Health and Wellness Company Inc.’s (NASDAQ:WOOF) stock was down -$0.16, moving down -3.05 percent to $5.09. The average number of shares traded per day over the past five days has been 6,706,040 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.10 fall in that time frame. In the last twenty days, the average volume was 5,261,185, while in the previous 50 days, it was 3,574,180.
Since last month, WOOF stock retreated -33.55%. Shares of the company fell to $4.99 on 08/24/23, the lowest level in the past month. A 52-week high of $15.85 was reached on 02/02/23 after having rallying from a 52-week low of $4.99. Since the beginning of this year, WOOF’s stock price has dropped by -46.31% or -$4.39, and marked a new high 12 times. However, the stock has declined by -67.89% since its 52-week high.
WOOF stock investors should be aware that Petco Health and Wellness Company Inc. (WOOF) stock had its last reported insider trading activity 157 days ago on Mar 28. COUGHLIN RON, the CEO & Chairman of the company, purchased of 61,040 shares for $8.27 on Mar 28. It resulted in a $504,801 investment by the insider. Tichy Justin sold 6,500 shares at an average price of $9.85 on Oct 20. The insider now owns 341,254 shares following the transaction.
Valuation Metrics
Right now, Petco Health and Wellness Company Inc. (WOOF) has a P/E ratio of about 37.43. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 0.24, the price-to-book (PB) ratio of 0.56, and the price-to-cash flow ratio of 21.85 may also be considered.
Financial Health
In the three months ended July 30, Petco Health and Wellness Company Inc.’s quick ratio stood at 0.30, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.67, and the total debt-to-equity ratio was 0.67. On the profitability front, the trailing twelve-month gross margin is 39.30% percent. In the year ended July 30, EBITDA margin amounted to 7.57%, whereas operating margins totaled 3.70%. Based on annual data, WOOF earned $2.43 billion in gross profit and brought in $6.04 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.70%. Return on equity (ROE) for the past 12 months was 3.90%.
In Petco Health and Wellness Company Inc.’s quarter-end financial report for July 30, it reported total debt of $1.61 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WOOF’s revenue rose 5.14% to $1.58 billion during the quarter, while net income inched up to $1.56 billion. While analysts expected Petco Health and Wellness Company Inc. to report $0.06 quarterly earnings, the actual figure was $0.06 per share. During the quarter, the company generated $78.11 million in EBITDA. The liabilities of Petco Health and Wellness Company Inc. were 4.17 billion at the end of its most recent quarter ended July 30, and its total debt was $3.03 billion. The value of shareholders’ equity is $304.8 million.
Technical Picture
This quick technical analysis looks at Petco Health and Wellness Company Inc.’s (WOOF) price momentum. With a historical volatility rate of 113.11%, the RSI 9-day stood at 13.74% on 31 August.
With respect to its five-day moving average, the current Petco Health and Wellness Company Inc. price is down by -1.93% percent or -$0.10. At present, WOOF shares trade -33.38% below its 20-day simple moving average and -43.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately -41.09% below its SMA50 and -56.04% below its SMA200.
Stochastic coefficient K was 11.12% and Stochastic coefficient D was 14.46%, while ATR was 0.34. Given the Stochastic reading of 4.61% for the 14-day period, the RSI (14) reading has been calculated as 17.13%. As of today, the MACD Oscillator reading stands at -0.49, while the 14-day reading stands at -0.91.
Analyst Ratings
RBC Capital Mkts reiterated its an Outperform rating on Petco Health and Wellness Company Inc. (NASDAQ: WOOF) in a note to investors. The analysts firm has however raised their price target to $7, representing a possible 49.1% increase in the stock price. Petco Health and Wellness Company Inc. (WOOF) has been rated Overweight by analysts. According to 1 brokerage firm, WOOF is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Petco Health and Wellness Company Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $4.00 – $10.00. Based on these forecasts, analysts predict Petco Health and Wellness Company Inc. (WOOF) will achieve an average price target of $6.62.
