Wall Street Analysts Think PetIQ Could Surge 76.18 percent Read This Before Placing a Bet
PETQDelisted Stock | USD 30.98 0.00 0.00% |
Slightly above 56% of PetIQ's investor base is looking to short. The analysis of current outlook of investing in PetIQ Inc suggests that many traders are alarmed regarding PetIQ's prospects. PetIQ's investing sentiment overview a quick insight into current market opportunities from investing in PetIQ Inc. Many technical investors use PetIQ Inc stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
PetIQ |
The average of price targets set by Wall Street analysts indicates a potential upside of 76.2 percent in PetIQ . While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Read at zacks.com
PetIQ Fundamental Analysis
We analyze PetIQ's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PetIQ using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PetIQ based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
PetIQ is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
PetIQ Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PetIQ stock to make a market-neutral strategy. Peer analysis of PetIQ could also be used in its relative valuation, which is a method of valuing PetIQ by comparing valuation metrics with similar companies.
Peers
PetIQ Related Equities
BHC | Bausch Health | 4.27 | ||||
EBS | Emergent Biosolutions | 3.35 | ||||
RGC | Regencell Bioscience | 2.49 | ||||
ANIP | ANI Pharmaceuticals | 1.97 | ||||
PBH | Prestige Brand | 0.92 | ||||
RDY | Dr Reddys | 0.51 | ||||
ZTS | Zoetis | 0.43 | ||||
COLL | Collegium Pharmaceutical | 0.14 | ||||
PAHC | Phibro Animal | 0.14 | ||||
NBIX | Neurocrine Biosciences | 0.41 | ||||
PCRX | Pacira BioSciences, | 0.53 | ||||
SUPN | Supernus Pharmaceuticals | 2.03 | ||||
EVO | Evotec SE | 4.15 |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in PetIQ Stock
If you are still planning to invest in PetIQ Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PetIQ's history and understand the potential risks before investing.
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |