PETQ - short positionThe resistance seems to be strong. The price is creating higher lows. Enter the short position and wait for the price to hit the target. Stop loss is shown on the chart.Shortby vf_investmentUpdated 666
PetIQ, Inc. Announces $30 Million Stock Repurchase ProgramPETQ: PetIQ, Inc. 2022-09-06 08:00:00 PetIQ, Inc. Announces $30 Million Stock Repurchase ProgramLongby MarketMoversReport0
Potential rocket 🚀 (veterinary)PetIQ, Inc. is a holding company that manufactures and distributes products and provides services for the health of pets. The company was founded in 2010 and is headquartered in Eagle, Idaho. The PetIQ network includes 3,400 inpatient clinics and 70,000 mobile, 100+ wellness centers, 1.2 million pets served in 2019 The company's products include 6 main brands and 4 additional ones. The company sells prescription drugs for pets, including products for arthritis, thyroid, diabetes, and pain, as well as heartworm prevention, antibiotics, and over-the-counter drugs and supplies such as flea and tick products in various forms, chewing gums and collars. The name of the drugs produced by the company has 1200 names. The products are sold through 250 veterinary networks. Capitalization $ 700 million The company is on the verge of breakeven in 2021. In 2021, analysts predict the campaign will close with a profit for the first time in 4 years. The negative financial result was associated with high caps. costs associated with the expansion of the network of clinics. The $ PETQ quote is trading near the annual low. After bouncing from the upper border of the ascending channel in May this year, the price is approaching the $ 21-23 support block. Where do I expect a trend reversal. The first target is the lower border of the ascending channel at $ 29. The second (will have to wait) - closing the gap at $ 34.5. NOT IRR.by Trader_Ivankov0
PetIQ setback forecast before new All-Time-HighAfter a GAP-UP followed by a strong rallye in the last days the RSI seems overbought and the old ATH presents a strong resistance. However, volume is still quite high. I could imagine that we will encouter a setback to the support zone between $38 - $40 before, fueling up and then crashing through the old ATH to above $50+. 2nd alternative would be a continuation of the uptrend towards 47-48$ with sell-on-news on the 5th of May after earnings, followed by a 1 or 2 week setback phase before rising again.Shortby pastacal0
Quick jump coming?I think a move up is coming up shortly for PETQ. Also love the fundamentals of this company and is a LT hold for me. Let me know what you all think. Thanks.Longby StkMktBulldog0
PETQ Short Reasons for short : -Double top pattern -Excess debt, although they can meet debt obligations at this time . -High Short float -Eps this year is down -Forward P/E at 25 is not amazing -Price to free cash flow is over 50 . -PETQ Profit margin is -10.1 at this time and gross margin is only 16.5% (a competitor, PETS gross margin is 25.5%, and their profit margin is + 9.8% ) **Side note: In regards to a comparison of PETS and PETQ, I suppose a ratio trade on PETS/PETQ may be worth researching. Those kinds of trades I still have much to learn about but I am starting to take some small ones and there might be something there worth hedging would love to hear your opinions on that if you wish to share .... Good luck ~ Shortby NAK1987220
$PETQ can fall in the next daysContextual immersion trading strategy idea. PetIQ, Inc. operates as a pet medication and wellness company. The share price fell after bad earnings. It looks like it will continue falling. The demand for shares of the company still looks lower than the supply. So I opened a short position from $23,54; Information about stop-loss and take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!Shortby KozakHlibUpdated 8
Pet IQ (PETQ) health and wellness.Any thoughts on the wisdom of the 'Pet' space? Do success models go private? by BARK_Y0