When Should You Buy PetIQ, Inc. (NASDAQ:PETQ)?

Simply Wall St.08-14

PetIQ, Inc. (NASDAQ:PETQ), might not be a large cap stock, but it received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. The company is now trading at ...

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The company is now trading at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-petiq-inc-nasdaq-petq-103921166.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>When Should You Buy PetIQ, Inc. 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(NASDAQ:PETQ)?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-14 18:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/buy-petiq-inc-nasdaq-petq-103921166.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PetIQ, Inc. (NASDAQ:PETQ), might not be a large cap stock, but it received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. The company is now trading at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-petiq-inc-nasdaq-petq-103921166.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://finance.yahoo.com/news/buy-petiq-inc-nasdaq-petq-103921166.html","article_id":"2459240126","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/mqTkKyjDNcFqvOf.wSUauQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/0d420881cf99e8229dddbfddf7bc7ebf"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459240126","pubTimestamp":1723631961,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"PetIQ, Inc. , might not be a large cap stock, but it received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. The company is now trading at yearly-high levels following the recent surge in its share price. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy?Let’s examine PetIQ’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.If you’ve been keeping tabs on PETQ for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for PETQ, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","TQQQ":"纳指三倍做多ETF","BK4588":"碎股","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","PSQ":"纳指反向ETF","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4112":"金融交易所和数据","BK4175":"保健护理产品经销商","QID":"纳指两倍做空ETF","BK4567":"ESG概念","PETQ":"Petiq Inc.","SQQQ":"纳指三倍做空ETF","BK4585":"ETF&股票定投概念","NDAQ":"纳斯达克OMX交易所","QLD":"纳指两倍做多ETF"},"translate_title":"你应该什么时候购买PetIQ，Inc.（纳斯达克：PETQ）？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PETQ":1,"NDAQ":1,".IXIC":1,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"PetIQ, Inc. (NASDAQ:PETQ), might not be a large cap stock, but it received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. The company is now trading at yearly-high levels following the recent surge in its share price. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s examine PetIQ’s valuation and outlook in more detail to determine if there’s still a bargain opportunity. \n View our latest analysis for PetIQ \n What Is PetIQ Worth? \n PetIQ appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. We’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 68.35x is currently well-above the industry average of 28.57x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that PetIQ’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. \n What does the future of PetIQ look like? \n\n\n\n  NasdaqGS:PETQ Earnings and Revenue Growth August 14th 2024\n \n\n Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. In PetIQ's case, its earnings over the next year are expected to double, indicating an incredibly optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. \nWhat This Means For You\nAre you a shareholder? It seems like the market has well and truly priced in PETQ’s positive outlook, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe PETQ should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. \nAre you a potential investor? If you’ve been keeping tabs on PETQ for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for PETQ, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop. \n If you want to dive deeper into PetIQ, you'd also look into what risks it is currently facing. Every company has risks, and we've spotted 4 warning signs for PetIQ (of which 1 shouldn't be ignored!) you should know about. \n If you are no longer interested in PetIQ, you can use our free platform to see our list of over 50 other stocks with a high growth potential. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459240126"}