PEDEVCO Corp. (AMEX: PED) is 19.21% higher on its value in year-to-date trading and has touched a low of $0.67 and a high of $3.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PED stock was last observed hovering at around $1.75 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $7.00 for the next 12 months. It is also 74.29% off the consensus price target high of $7.00 offered by 1 analysts, but current levels are 74.29% higher than the price target low of $7.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $1.80, the stock is -1.59% and 18.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.67 million and changing 2.86% at the moment leaves the stock 49.63% off its SMA200. PED registered 42.86% gain for a year compared to 6-month gain of 130.95%. The firm has a 50-day simple moving average (SMA 50) of $1.6664 and a 200-day simple moving average (SMA200) of $1.3817.
The stock witnessed a 13.92% loss in the last 1 month and extending the period to 3 months gives it a 36.36%, and is -1.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.25% over the week and 19.38% over the month.
PEDEVCO Corp. (PED) has around 16 employees, a market worth around $141.48M and $10.10M in sales. Distance from 52-week low is 169.95% and -48.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.70%).
PEDEVCO Corp. (PED) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for PEDEVCO Corp. (PED) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
PEDEVCO Corp. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -104.60% this year.
PEDEVCO Corp. (PED) Top Institutional Holders
14 institutions hold shares in PEDEVCO Corp. (PED), with 63.75M shares held by insiders accounting for 87.98% while institutional investors hold 10.84% of the company’s shares. The shares outstanding are 72.25M, and float is at 15.33M with Short Float at 1.09%. Institutions hold 1.30% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 0.52 million shares valued at $0.79 million. The investor’s holdings represent 0.66% of the PED Shares outstanding. As of Dec 30, 2020, the second largest holder is Bridgeway Capital Management, Inc. with 0.28 million shares valued at $0.43 million to account for 0.36% of the shares outstanding. The other top investors are Traynor Capital Management, Inc. which holds 100000.0 shares representing 0.13% and valued at over $0.15 million, while Shufro, Rose & Co., LLC holds 0.09% of the shares totaling 71095.0 with a market value of $0.11 million.
PEDEVCO Corp. (PED) Insider Activity
A total of 17 insider transactions have happened at PEDEVCO Corp. (PED) in the last six months, with sales accounting for 10 and purchases happening 7 times. The most recent transaction is an insider sale by SIEM IVAR, the company’s Director. SEC filings show that SIEM IVAR sold 50,000 shares of the company’s common stock on Jan 19 at a price of $1.40 per share for a total of $69800.0. Following the sale, the insider now owns 0.12 million shares.
PEDEVCO Corp. disclosed in a document filed with the SEC on Jan 13 that PINKSTON PAUL ANTHONY (CAO and PFO and AO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jan 13 and was made at $1.38 per share for $13777.0. Following the transaction, the insider now directly holds 100000.0 shares of the PED stock.
Still, SEC filings show that on Jan 13, Schick John Douglas (President) disposed off 21,600 shares at an average price of $1.38 for $29758.0. The insider now directly holds 222,400 shares of PEDEVCO Corp. (PED).
PEDEVCO Corp. (PED): Who are the competitors?
The company’s main competitors (and peers) include Dawson Geophysical Company (DWSN) that is trading 54.85% up over the past 12 months. RigNet Inc. (RNET) is 144.47% up on the 1-year trading charts. Short interest in the company’s stock has fallen -33.56% from the last report on Dec 30, 2020 to stand at a total of 0.22 million short shares sold with a short interest ratio of 0.05.