Understanding the Risks of Investing in Petmed Express, Inc. (PETS)

In a filing, Petmed Express, Inc. revealed its Director FULGONI GIAN acquired Company’s shares for reported $0.3 million on Nov 09. In the deal valued at $7.34 per share,41,000 shares were bought. As a result of this transaction, FULGONI GIAN now holds 109,510 shares worth roughly $0.65 million.

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Then, Hulett Mathew N bought 13,850 shares, generating $100,551 in total proceeds. Upon buying the shares at $7.26, the CEO & President now owns 613,850 shares.

Before that, Chambers Christine bought 6,888 shares. Petmed Express, Inc. shares valued at $50,007 were divested by the CFO at a price of $7.26 per share. As a result of the transaction, Chambers Christine now holds 19,888 shares, worth roughly $0.12 million.

Lake Street initiated its Petmed Express, Inc. [PETS] rating to a Buy in a research note published on May 25, 2023; the price target was $20.

Price Performance Review of PETS

On Friday, Petmed Express, Inc. [NASDAQ:PETS] saw its stock jump 1.87% to $5.98. Over the last five days, the stock has lost -1.97%. Petmed Express, Inc. shares have fallen nearly -20.90% since the year began. Nevertheless, the stocks have fallen -68.90% over the past one year. While a 52-week high of $20.35 was reached on 01/02/24, a 52-week low of $5.50 was recorded on 02/09/24. SMA at 50 days reached $7.03, while 200 days put it at $10.82. A total of 0.8 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For PETS Stock

The 24-hour chart illustrates a support level at 5.48, which if violated will result in even more drops to 4.98. On the upside, there is a resistance level at 6.36. A further resistance level may holdings at 6.74. The Relative Strength Index (RSI) on the 14-day chart is 30.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.02%. Stochastics %K at 15.42% indicates the stock is a buying.

How much short interest is there in Petmed Express, Inc.?

A steep rise in short interest was recorded in Petmed Express, Inc. stocks on Jan 31, 2024, growing by 0.55 million shares to a total of 4.1 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.55 million shares. There was a rise of 13.41%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 24.28% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.86.

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