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Tuesday, March 21, 2023

Momentum Is Strong For PetIQ Inc. (NASDAQ: PETQ)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for PetIQ Inc. (PETQ) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $11.78. The PetIQ Inc. has recorded 17,598 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed PetIQ, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Drug Manufacturers – Specialty & Generic industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $11.78 and fluctuated between $11.87 as its day high and $10.99 as its day low. The current market capitalization of PetIQ Inc. is $315.70M. A total of 0.56 million shares were traded on the day, compared to an average of 317.72K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PETQ has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 9,128 and the disposition of 5,119 shares. Over the last 12 months, there were 24 BUYs and 10 SELLs from insiders. Insiders purchased 83,021 shares during that period but sold 16,240.

In the most recent transaction, Herrman Robert Michael bought 1,376 shares of PETQ for 10.90 per share on Sep 07. After the transaction, the GENERAL COUNSEL AND SECRETARY now owns 9,050 company shares. In a previous transaction on Sep 06, Smith Michael A bought 10,000 shares at 9.71 per share. PETQ shares that PRESIDENT owns now total 38,155.

Among the insiders who bought shares, Hall Allan acquired of 600 shares on Jun 14 at a per-share price of $15.08. This resulted in the Director holding 600 shares of PETQ after the transaction. In another insider transaction, Glasman Zvi bought 5,800 shares at $13.73 per share on May 24. Company shares held by the CHIEF FINANCIAL OFFICER now total 9,800.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PETQ in the last 3 months, the mean price target is $21.75 with high estimates of $30.00 and low estimates of $16.00. In terms of 52-week highs and lows, PETQ has a high of $25.40 and a low of $6.66.

As of this writing, PETQ has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.1 per share and a lower estimate of -$0.1. The company reported an EPS of $0.51 in the last quarter, which was 50.00% higher than expectations of $0.34.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PETQ is Overweight with a score of 4.40. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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