PetMed Express Inc (NASDAQ: PETS) stock suffered a major decline of -14.4% on 8/7/24. The shares closed at $3.16. Moreover, unusually high trading volume at 174% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -19.9% 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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PetMed Express has a poor Appreciation Score of 29 and a very low Power Rating of 3, 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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