Investors may find better financial performance in PetMed Express Inc. (PETS)

PetMed Express Inc. [PETS] stock prices are up 1.74% to $20.48 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PETS shares have gain 7.00% over the last week, with a monthly amount drifted -5.75%, and not seem to be holding up well over a long-time horizon.

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On 7, November 2022, PetMeds® Announces Its Second Quarter Financial Results and Declares a Quarterly Dividend of $0.30 Per Share. In a post published today on Yahoo Finance, PetMed Express, Inc. (NASDAQ: PETS), Your Trusted Pet Health ExpertTM, today announced its financial results for its second quarter ended September 30, 2022.

From an analyst’s perspective:

PetMed Express Inc. [NASDAQ: PETS] stock has seen the most recent analyst activity on January 20, 2022, when Sidoti upgraded its rating to a Buy but kept the price target unchanged to $32 for it. Previously, Morgan Stanley started tracking the stock with Underweight rating on November 18, 2021, and set its price target to $25. On October 01, 2021, Jefferies initiated with a Hold rating and assigned a price target of $28 on the stock. Sidoti downgraded its rating to a Neutral but $39 remained the price target by the analyst firm on June 03, 2021. Sidoti upgraded its rating to Buy for this stock on March 05, 2021. In a note dated January 27, 2021, Sidoti downgraded an Neutral rating on this stock.

The stock price of PetMed Express Inc. [PETS] has been fluctuating between $18.22 and $29.53 over the past year. Currently, Wall Street analysts expect the stock to reach $20.67 within the next 12 months. PetMed Express Inc. [NASDAQ: PETS] shares were valued at $20.48 at the most recent close of the market. An investor can expect a potential return of 0.93% based on the average PETS price forecast.

Analyzing the PETS fundamentals

Gross Margin for this corporation currently stands at +27.55% with Operating Margin at +9.40%, Pretax Margin comes in at +9.90%, and Net Margin reading is +7.72%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.21 points at the first support level, and at 19.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.62, and for the 2nd resistance point, it is at 20.77.

PetMed Express Inc. [PETS] reported earnings per share of $0.14 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of -$0.11 and a surprise factor of -44.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.3 per share as compared to estimates of $0.26 per share, a difference of $0.04 representing a surprise of 15.40%.

Ratios To Look Out For

It’s worth pointing out that PetMed Express Inc. [NASDAQ:PETS]’s Current Ratio is 4.50. In addition, the Quick Ratio stands at 3.57 and the Cash Ratio stands at 3.35. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 3.81 and the P/E (TTM) ratio is 26.56.