In yesterday’s Wall Street session, Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares traded at $4.08, up 32.90% from the previous session.
WOOF stock price is now 33.03% away from the 50-day moving average and 47.07% away from the 200-day moving average. The market capitalization of the company currently stands at $1.11B.
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With the price target enhanced from $3 to $4, Citigroup maintained Neutral rating for Petco Health and Wellness Co Inc (NASDAQ: WOOF). On April 02, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $5 to quote $1.50, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Tichy Justin, Former Officer bought 20,743 shares of the company’s stock on Aug 22 ’24. The stock was bought for $57,063 at an average price of $2.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Former Officer Tichy Justin bought 38,611 shares of the business’s stock. A total of $100,390 was incurred on buying the stock at an average price of $2.60. A total of 71.95% of the company’s stock is owned by insiders.
During the past 12 months, Petco Health and Wellness Co Inc has had a low of $1.41 and a high of $5.01. As of last week, the company has a debt-to-equity ratio of 2.64, a current ratio of 0.84, and a quick ratio of 0.24. The fifty day moving average price for WOOF is $3.0811 and a two-hundred day moving average price translates $2.775275 for the stock.
The latest earnings results from Petco Health and Wellness Co Inc (NASDAQ: WOOF) was released for 2024-08-03. The net profit margin was -21.46% and return on equity was -75.29% for WOOF. The company reported revenue of $1.52 billion for the quarter, compared to $1.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.46 percent. For the current quarter, analysts expect WOOF to generate $1.51B in revenue.
