A share price of PetIQ Inc [PETQ] is currently trading at $30.52, down -0.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PETQ shares have gain 0.07% over the last week, with a monthly amount glided 47.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PetIQ Inc [NASDAQ: PETQ] stock has seen the most recent analyst activity on August 08, 2024, when Truist downgraded its rating to a Hold and also boosted its price target to $31 from $30. Previously, Jefferies started tracking the stock with Buy rating on December 19, 2023, and set its price target to $22. On September 06, 2023, Lake Street initiated with a Buy rating and assigned a price target of $28 on the stock. Oppenheimer downgraded its rating to a Perform. The Benchmark Company initiated its recommendation with a Buy and recommended $30 as its price target on November 30, 2021. In a note dated May 23, 2019, Guggenheim initiated an Buy rating and provided a target price of $35 on this stock.
PetIQ Inc experienced fluctuations in its stock price throughout the past year between $15.09 and $30.68. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. PetIQ Inc [NASDAQ: PETQ] shares were valued at $30.52 at the most recent close of the market. An investor can expect a potential return of 1.57% based on the average PETQ price forecast.
Analyzing the PETQ fundamentals
Trailing Twelve Months sales for PetIQ Inc [NASDAQ:PETQ] were 1.13B which represents 4.58% growth. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.74.
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 30.47 points at the first support level, and at 30.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.62, and for the 2nd resistance point, it is at 30.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PetIQ Inc [NASDAQ:PETQ] is 2.58. As well, the Quick Ratio is 1.68, while the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 3.51 and price to earnings (TTM) ratio is 107.73.
Transactions by insiders
Recent insider trading involved Huff Scott, Director, that happened on Jun 12 ’24 when 12117.0 shares were sold.
