Last Updated: 10 Nov 2024
Executive Summary
Wag! Group Co. (PET) is a pet care company that provides dog walking, pet sitting, and other services. The company's stock has underperformed the market in recent months, and is currently trading at $0.64. This report provides a fundamental and technical analysis of PET, and offers a short-term and long-term outlook for the stock.
Company Overview
Wag! Group Co. was founded in 2015 and is headquartered in New York City. The company operates in the United States and the United Kingdom. PET provides a variety of pet care services, including dog walking, pet sitting, and pet training. The company also offers a subscription service that provides pet owners with access to exclusive discounts and benefits.
Fundamental Analysis
PET's financial performance has been mixed in recent quarters. The company's revenue has grown in recent quarters, but its profitability has declined. In the most recent quarter, PET reported a loss of $0.31 per share. The company's gross profit margin has also declined in recent quarters.
PET's balance sheet is relatively strong. The company has a low level of debt and a high level of cash. However, PET's book value is negative, which is a concern.
Technical Analysis
PET's stock price has been in a downtrend in recent months. The stock has broken below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 30, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for PET is negative. The stock is in a downtrend and has broken below its key moving averages. The stock's RSI is also below 30, which indicates that the stock is oversold.
Long Term Outlook
The long-term outlook for PET is uncertain. The company's financial performance has been mixed in recent quarters, and its stock price has been in a downtrend. However, PET has a strong balance sheet and a loyal customer base. If the company can improve its profitability, its stock price could recover.
Analyst Recommendations
Analysts are mixed on PET. One analyst has a strong buy rating on the stock, while three analysts have a buy rating. No analysts have a hold, sell, or strong sell rating on the stock. The average analyst price target for PET is $2.38.
