Oppenheimer Sticks to Its Hold Rating for Petiq (PETQ)
TipRanks (Fri, 19-Apr 7:45 AM ET)
Small and midcap pair trades for every sector - Oppenheimer
Seeking Alpha News (Mon, 15-Apr 6:38 AM ET)
Globe Newswire (Thu, 14-Mar 9:00 AM ET)
Globe Newswire (Thu, 7-Mar 10:00 AM ET)
PetIQ, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Globe Newswire (Wed, 28-Feb 4:05 PM ET)
Globe Newswire (Wed, 7-Feb 5:00 PM ET)
PetIQ Inc is a manufacturer and distributor of health and wellness products for dogs and cats. The company offers veterinarian-grade pet Rx medications, OTC flea and tick preventatives, vitamins treats, nutritional supplements, and hygiene products. The group operates in two segments namely the Products and Services segments. It also provides third-party products to retailers which for a long time are available for veterinary clinics only. Its proprietary brands include PetIQ, PetArmor, VIP Petcare, VetIQ PetCare, VetIQ, Capstar, Advecta, SENTRY, Sergeants, TruProfen, Betsy Farms, PetAction, Minties, Vera and Delightibles. The company generates maximum revenue from Products segment.
Petiq - Class A trades on the NASDAQ stock market under the symbol PETQ.
As of April 19, 2024, PETQ stock price climbed to $16.28 with 142,045 million shares trading.
PETQ has a beta of 0.86, meaning it tends to be less sensitive to market movements. PETQ has a correlation of 0.06 to the broad based SPY ETF.
PETQ has a market cap of $475.09 million. This is considered a Small Cap stock.
Last quarter Petiq - Class A reported $220 million in Revenue and -$.12 earnings per share. This beat revenue expectation by $31 million and exceeded earnings estimates by $.17.
In the last 3 years, PETQ stock traded as high as $46.00 and as low as $6.66.
The top ETF exchange traded funds that PETQ belongs to (by Net Assets): VTI, IWM, VXF, IWO, PAWZ.
PETQ has outperformed the market in the last year with a return of +46.9%, while the SPY ETF gained +21.2%. However, in the most recent history, PETQ shares have underperformed the stock market with its stock returning -11.3% in the last 3 month period and -12.3% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.
PETQ support price is $15.58 and resistance is $16.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PETQ stock will trade within this expected range on the day.