After finishing at $2.02 in the prior trading day, Wag! Group Co. (NASDAQ: PET) closed at $2.10, up 3.96%. In other words, the price has increased by $+0.0800 from its previous closing price. On the day, 558762 shares were traded. PET stock price reached its highest trading level at $2.1000 during the session, while it also had its lowest trading level at $1.8550.
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Our goal is to gain a better understanding of PET by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.53.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 17 when Yee Brian bought 3,000 shares for $2.38 per share. The transaction valued at 7,140 led to the insider holds 6,000 shares of the business.
Yee Brian bought 3,000 shares of PET for $7,200 on May 16. The Director now owns 3,000 shares after completing the transaction at $2.40 per share. On Mar 17, another insider, Yee Brian, who serves as the Director of the company, bought 82,693 shares for $2.02 each. As a result, the insider paid 167,040 and bolstered with 1,648,503 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PET now has a Market Capitalization of 90.34M and an Enterprise Value of 78.34M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 8.08. Its current Enterprise Value per Revenue stands at 1.19 whereas that against EBITDA is -2.23.
Stock Price History:
Over the past 52 weeks, PET has reached a high of $13.13, while it has fallen to a 52-week low of $1.58. The 50-Day Moving Average of the stock is 2.2438, while the 200-Day Moving Average is calculated to be 3.0272.
The stock has traded on average 126.62K shares per day over the past 3-months and 161.56k shares per day over the last 10 days, according to various share statistics. A total of 37.60M shares are outstanding, with a floating share count of 34.34M. Insiders hold about 12.90% of the company’s shares, while institutions hold 68.00% stake in the company. Shares short for PET as of Apr 27, 2023 were 156.56k with a Short Ratio of 0.16M, compared to 152.2k on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.42% and a Short% of Float of 1.03%.
Its stock is currently analyzed by 5 different market analysts. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.01 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.09 and -$0.41 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.08, with 5 analysts recommending between $0.04 and -$0.21.
A total of 5 analysts have provided revenue estimates for PET’s current fiscal year. The highest revenue estimate was $82.6M, while the lowest revenue estimate was $76.62M, resulting in an average revenue estimate of $81.16M. In the same quarter a year ago, actual revenue was $54.87M, up 47.90% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $99.21M in the next fiscal year. The high estimate is $103M and the low estimate is $94.75M. The average revenue growth estimate for next year is up 22.20% from the average revenue estimate for this year.