Set Your Sights On Petco Health and Wellness Co Inc (NASDAQ: WOOF)’S Upside Potential

Petco Health and Wellness Co Inc (WOOF) concluded trading on Thursday at a closing price of $2.43, with 3.5 million shares of worth about $8.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.57% during that period and on August 08, 2024 the price saw a loss of about -2.80%. Currently the company’s common shares owned by public are about 231.16M shares, out of which, 76.58M shares are available for trading.

Stock saw a price change of -23.34% in past 5 days and over the past one month there was a price change of -26.81%. Year-to-date (YTD), WOOF shares are showing a performance of -23.10% which decreased to -66.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.41 but also hit the highest price of $7.49 during that period. The average intraday trading volume for Petco Health and Wellness Co Inc shares is 6.17 million. The stock is currently trading -25.96% below its 20-day simple moving average (SMA20), while that difference is down -29.57% for SMA50 and it goes to -15.08% lower than SMA200.

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Petco Health and Wellness Co Inc (NASDAQ: WOOF) currently have 231.16M outstanding shares and institutions hold larger chunk of about 56.26% of that.

The stock has a current market capitalization of $663.37M and its 3Y-monthly beta is at 1.98. It has posted earnings per share of -$4.94 in the same period. It has Quick Ratio of 0.21 while making debt-to-equity ratio of 2.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WOOF, volatility over the week remained 7.44% while standing at 8.14% over the month.

Stock’s fiscal year EPS is expected to drop by -148.42% while it is estimated to increase by 367.39% in next year. EPS is likely to grow at an annualized rate of 48.80% for next 5-years, compared to annual growth of -25.03% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on July 19, 2024 offering a Neutral rating for the stock and assigned a target price range of between $3 and $4 to it. Coverage by BofA Securities stated Petco Health and Wellness Co Inc (WOOF) stock as an Underperform in their note to investors on April 02, 2024, suggesting a price target of $1.50 for the stock. On December 19, 2023, Jefferies Initiated their recommendations, while on November 30, 2023, Robert W. Baird Downgrade their ratings for the stock with a price target of $3. Stock get an Equal weight rating from Wells Fargo on November 29, 2023.

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