PEDEVCO Corp. (PED) is priced at $1.97 after the most recent trading session. At the very opening of the session, the stock price was $1.81 and reached a high price of $2.09, prior to closing the session it reached the value of $1.78. The stock touched a low price of $1.62.
Recently in News on February 5, 2021, PEDEVCO Corp. Announces Closing of $8.95 Million Underwritten Offering of Common Stock Including Full Exercise of the Underwriters’ Over-Allotment Option. PEDEVCO Corp. (NYSE:PED), today announced the closing of an underwritten public offering of 5,968,500 shares of common stock (the “Shares”) at a public offering price of $1.50 per share, which included the full exercise of the underwriter’s over-allotment option, for gross proceeds to the Company of approximately $8.95 million, before deducting underwriting discounts and other offering expenses. You can read further details here
PEDEVCO Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.5000 on 01/28/21, with the lowest value was $1.2100 for the same time period, recorded on 01/05/21.
PEDEVCO Corp. (PED) full year performance was 49.24%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, PEDEVCO Corp. shares are logging -43.71% during the 52-week period from high price, and 195.44% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.67 and $3.50.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 7107659 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the PEDEVCO Corp. (PED) recorded performance in the market was 30.46%, having the revenues showcasing 27.92% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 145.50M, as it employees total of 16 workers.
Specialists analysis on PEDEVCO Corp. (PED)
During the last month, 0 analysts gave the PEDEVCO Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.4509, with a change in the price was noted +0.6600. In a similar fashion, PEDEVCO Corp. posted a movement of +50.38% for the period of last 100 days, recording 1,873,201 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PED is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: PEDEVCO Corp. (PED)
Raw Stochastic average of PEDEVCO Corp. in the period of last 50 days is set at 35.98%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 29.49%. In the last 20 days, the company’s Stochastic %K was 22.71% and its Stochastic %D was recorded 18.15%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 30.46%. Additionally, trading for the stock in the period of the last six months notably improved by 139.60%, alongside a boost of 49.24% for the period of the last 12 months. The shares increased approximately by 27.10% in the 7-day charts and went down by 39.72% in the period of the last 30 days. Common stock shares were driven by 27.92% during last recorded quarter.