PEDEVCO Corp. (AMEX:PED) currently has a daily average trading volume of 87.22K but it saw 101737108 shares traded on Thursday. With a market cap of 150.61M USD, the company’s enterprise value now stands nearly at $47.14M. Stock’s current market price of $2.11 came rising about 168.72 while comparing to the previous closing price of $0.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.00 and as low as $0.67. In the recent trading on the day, stock has struck highest price mark of $2.50 while lowest mark touched by it was $1.45.
Taking a look at 20-day trading activity of PEDEVCO Corp. (PED) gives us an average price of $0.88, while its current price level is 5.50% below from 52-week high level whereas it is 216.44% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.85 while that of 200 days or SMA-200 reads an average of $1.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.24% during that period while stretching the period over a month that decreases to 8.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 91.83 which implies that the stock is in overbought territory.
PEDEVCO Corp. (PED)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $7.00 and $7.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $7.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.00. Average price target assigned by them is $7.00 which highlights an upside potential of 69.86% for the stock over that period. And to attain the median price target of $7.00 assigned by those analysts, stock has to add about 69.86% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the ROTH Capital which reiterated the stock as “Buy” in its note to investors issued on April 06, 2015, recommending a price target of between $1.20 and $0.80 for it.
Over the week, PED’s stock price is moving 166.45% up while it is 131.82% when we observe its performance for the past one month. Year-to-date it is 27.11% up and over the past year, the stock is showing an upside performance of 35.26%.
The company is expected to be releasing its next quarterly report in 08/27/2020, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, PEDEVCO Corp.’s total number of outstanding shares is 72.13M with 88.27% of that held by the insiders while 0.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -9.70% and return on equity (ROE) at -12.20%. Stock’s beta reads 1.15. Stock has a price to book (P/B) ratio of 1.52 while price to sale or P/S ratio amounts to 13.95. Its return on asset (ROA) is -11.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Bridgeway Ultra Small Company Mar came shrinking its share ownership by 412.50% in the PEDEVCO Corp. (PED) increasing its stake to 0.28% with control over 0.17 million shares in the company. As per SEC documents, Bridgeway Ultra Small Company Mar shunned 205,000 of company’s common stock of worth $0.18 million as per recent closing price of the stock. Bridgeway Ultra Small Company Mar is not the only institutional holder which restructured its stake in PEDEVCO Corp., as Vanguard Extended Market Index Fu dumped 60,609 shares of worth $52184.0 to bring its holdings to a total of 0.0 shares. In the most recent quarter, Vanguard Total Stock Market Index came cutting its stake by 0.00% in the company and now holds 42749.0 or 0.06% of the company’s stake having worth of about 36807.0.