How to Buy Petiq Stock
Petiq Inc
PetIQ, Inc. operates as a pet medication and wellness company in the United States and internationally. It operates in two segments, Products and Services.
Petiq stock last closed at $16.53, down 0.42% from the previous day, and has increased 40.56% in one year. It has overperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.51 percentage points. Petiq stock is currently +46.8% from its 52-week low of $11.26, and -28.07% from its 52-week high of $22.98.
At the moment, there are 29.43M PETQ shares outstanding. The market value of PETQ is $486.50M. In the last 24 hours, 123,727 PETQ shares were traded.
How to Buy Petiq Stock
Wondering how to invest in Petiq stock? Here's how.
- Decide where to buy Petiq stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Petiq stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your payment method and add your information.
- Evaluate Petiq stock: The Petiq ticker symbol is PETQ. Is Petiq stock a good investment? Should you buy shares of PETQ? How do PETQ's underlying business fundamentals look? Do top analysts think Petiq is a good buy? Why has PETQ's stock price moved recently? (Hint: Our stock market research website can help you figure out if PETQ is a good stock to buy).
- Make your PETQ trade: Decide if you will purchase PETQ shares at the current market price or use a limit order to purchase PETQ stock at a specific price.
- Get the latest scoop on your PETQ investment: Create a watchlist to important notifications about your investment in Petiq stock.
Step 1: Decide where to buy Petiq stock
You will need an online brokerage account in order to access the NASDAQ market and buy PETQ stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you can invest in PETQ stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have opened your account on a mobile trading app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring money into your brokerage account.
Step 4: Evaluate Petiq stock
Once you have decided on the best place to buy Petiq stock, it's important to analyze their stock before you buy, so you can understand the risk and opportunity.
Petiq shares at a glance
PETQ Due Diligence Checks
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on PETQ's stock page.
Is PETQ stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PETQ's intrinsic value.
Using relative valuations measures:
- PETQ may be overvalued based on its P/E ratio of 236.14x, relative to Drug Manufacturers - Specialty & Generic industry P/E ratio of 47.66x
- PETQ may be overvalued based on its P/B ratio of 2.2x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.06x
You can do additional valuation research on PETQ's stock here.
PETQ Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the PETQ balance sheet.
- PETQ profit margin has gone up from -5.2% to 0.2% in the past year.
Negative Financial Indicators:
- PETQ earnings of $36.51M is not enough to cover its interest payments.
- Total PETQ debt is higher than 5 years ago, relative to shareholder equity.
- PETQ has a relatively high debt to equity ratio of 2.92.
- There are more long-term liabilities than short-term assets on the PETQ balance sheet.
- PETQ's operating cash flow of $61.89M allows it to safely service it's debt of $468.30M.
Is it a good time to buy Petiq stock, according to Wall Street analysts?
Out of 1 Equities analysts who track PETQ, the consensus analyst rating on Petiq is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Petiq stock forecast page.
PETQ Momentum
Is PETQ Making Money?
Last year, PETQ revenue was $1.10B. Over the last five year, PETQ's revenue has increased by 15.83% per year. This was slower than the Drug Manufacturers - Specialty & Generic industry average of 30.89%.
You can research PETQ's earnings and revenue performance here.
Are PETQ executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at PETQ have sold more shares than they have bought.
Mccord Christensen, CHIEF EXECUTIVE OFFICER of PETQ, was the latest PETQ insider to sell. They sold $37,050.52 worth of PETQ stock on Mar 12, 2024.
Research more about who owns PETQ shares here.
Does PETQ stock generate passive income?
No, Petiq doesn't provide an income stream by paying out dividends.
What do other traders have to say about PETQ?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your PETQ trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your PETQ investment
Now that you own some shares in PETQ, you'll want to stay up-to-date on your new stock purchase.
Add PETQ to a watchlist to get the latest updates about your PETQ stock.
PETQ Feed
How to Buy Stock in Petiq
To reiterate, here are the 6 steps to buy stock in Petiq:
- Decide where to buy Petiq stock
- Open your brokerage account
- Put funds into your investment account
- Evaluate Petiq stock
- Make your PETQ trade
- Get the latest scoop on your PETQ investment
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your investment in Petiq, hit the button below to create your watchlist.
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