Citigroup has recently reiterated Petco Health and Wellness Company Inc (WOOF) stock to Neutral rating, as announced on July 19, 2024, according to Finviz. Earlier, on April 2, 2024, BofA Securities had reduced the stock from a Buy to Underperform, setting a price target of $1.50 for WOOF stock. Jefferies also initiated Hold rating with a price target of $3.11. Additionally, Robert W. Baird reduced Neutral rating on November 30, 2023, with a target price of $3. Wells Fargo analysts, in their report published on November 29, 2023, also reduced Equal Weight rating for Petco Health and Wellness Company Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Petco Health and Wellness Company Inc (WOOF) Stock Trading Recap
On Monday, Petco Health and Wellness Company Inc (WOOF) stock saw a decline, ending the day at $4.55 which represents a decrease of $-0.13 or -2.78% from the prior close of $4.68. The stock opened at $4.66 and touched a low of $4.5 during the day, reaching a high of $4.83. The volume of shares traded was 2.08 million falling short of the average volume of 4.76 million.
WOOF Stock Performance and Moving Averages
In recent trading, Petco Health and Wellness Company Inc (WOOF) stock price has shown some volatility, fluctuating 2.94% over the last five trades and 42.19% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 118.75%, and it has gained 35.01% in the previous three months. Currently, WOOF is trading at 13.03%, 35.05%, and 59.93% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WOOF, a Consumer Cyclical sector stock, is trading -10.61% below its 52-week high but remains 221.78% above its 52-week low. The Average True Range (ATR) (14 days) of 0.35 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Petco Health and Wellness Company Inc’s Profitability and Valuation Ratios
Petco Health and Wellness Company Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 0.41% and a profit margin of -21.46%, with a gross margin of 118.75%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Petco Health and Wellness Company Inc’s market capitalization stands at $1.25 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 59.86. Additionally, the Price-to-Sales Ratio is 0.2, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.1, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 71.59% of Petco Health and Wellness Company Inc (WOOF)’s shares, while financial institutions hold 57.18%.
