Wag Group Co (NASDAQ:PET) shares traded -6.04% lower at $0.20 on Wall Street last session.
PET stock price is now -72.23% away from the 50-day moving average and -86.13% away from the 200-day moving average. The market capitalization of the company currently stands at $9.83M.
On May 30, 2024, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $4, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Smallwood Garrett, Chief Executive Officer sold 34,746 shares of the company’s stock on Nov 19 ’24. The stock was sold for $5,907 at an average price of $0.17. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,036,573 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Chief Marketing Officer McCarthy Patrick sold 23,105 shares of the business’s stock. A total of $3,928 was realized by selling the stock at an average price of $0.17. This leaves the insider owning 699,500 shares of the company worth $0.14 million. A total of 53.18% of the company’s stock is owned by insiders.
During the past 12 months, Wag Group Co has had a low of $0.14 and a high of $2.47. As of last week, the company has a debt-to-equity ratio of 8.39, a current ratio of 0.62, and a quick ratio of 0.62. The fifty day moving average price for PET is $0.72176 and a two-hundred day moving average price translates $1.43113 for the stock.
The latest earnings results from Wag Group Co (NASDAQ: PET) was released for 2024-09-30. The net profit margin was -21.13% and return on equity was -515.05% for PET. The company reported revenue of $13.2 million for the quarter, compared to $21.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.43 percent.
