Market Watch: Petco Health and Wellness Co Inc (WOOF)’s Noteworthy Drop, Closing at 3.54

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As of close of business last night, Petco Health and Wellness Co Inc’s stock clocked out at $3.54, down -2.75% from its previous closing price of $3.64. In other words, the price has decreased by -$2.75 from its previous closing price. On the day, 5.24 million shares were traded. WOOF stock price reached its highest trading level at $3.81 during the session, while it also had its lowest trading level at $3.462.

Ratios:

To gain a deeper understanding of WOOF’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.21 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 2.56 whereas as Long-Term Debt/Eq ratio is at 2.30.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on April 02, 2024, Downgraded its rating to Underperform and sets its target price to $1.50 from $5 previously.

On December 19, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $3.11.

Robert W. Baird Downgraded its Outperform to Neutral on November 30, 2023, whereas the target price for the stock was revised from $8 to $3.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 29 ’24 when Breitner Cameron bought 750,000 shares for $3.14 per share. The transaction valued at 2,354,325 led to the insider holds 750,000 shares of the business.

BRIGGS GARY S bought 30,000 shares of WOOF for $99,924 on Dec 01 ’23. The Director now owns 70,085 shares after completing the transaction at $3.33 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WOOF now has a Market Capitalization of 966391680 and an Enterprise Value of 3852262400. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 0.618 whereas that against EBITDA is 19.106.

Stock Price History:

Over the past 52 weeks, WOOF has reached a high of $9.74, while it has fallen to a 52-week low of $1.41. The 50-Day Moving Average of the stock is 40.42%, while the 200-Day Moving Average is calculated to be 19.04%.

Shares Statistics:

It appears that WOOF traded 5.11M shares on average per day over the past three months and 4391450 shares per day over the past ten days. A total of 231.16M shares are outstanding, with a floating share count of 77.88M. Insiders hold about 71.47% of the company’s shares, while institutions hold 55.64% stake in the company. Shares short for WOOF as of 1715731200 were 27985849 with a Short Ratio of 3.30, compared to 1713139200 on 25876140. Therefore, it implies a Short% of Shares Outstanding of 27985849 and a Short% of Float of 32.11.

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