On 6/12/24, PetMed Express Inc (NASDAQ: PETS) stock suffered a major decline of -11.5%, closing at $4.17. Moreover, this decline was accompanied by exceptionally high trading volume at 248% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 1.5% during the last week.
Current PriceTarget Research Rating
PETS is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
PetMed Express has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. PetMed Express has a slightly negative Appreciation Score of 39 and a very low Power Rating of 1, with the Lowest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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