PEDEVCO Corp (PED) with a beta value of 0.15 appears to be a promising investment opportunity.

PEDEVCO Corp (AMEX: PED) on Friday, soared 4.83% from the previous trading day, before settling in for the closing price of $0.58. Within the past 52 weeks, PED’s price has moved between $0.47 and $1.07.

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The company achieved an average annual earnings per share of -93.40%. With a float of $25.54 million, this company’s outstanding shares have now reached $91.83 million.

PEDEVCO Corp (PED) Breakdown of a Key Holders of the stock

Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of PEDEVCO Corp is 72.23%, while institutional ownership is 2.45%. The most recent insider transaction that took place on Jan 27 ’25, was worth 49,562. In this transaction CAO and PFO and AO of this company sold 65,000 shares at a rate of $0.76, taking the stock ownership to the 816,700 shares. Before that another transaction happened on Jan 23 ’25, when Company’s CAO and PFO and AO sold 23,000 for $0.85, making the entire transaction worth $19,656. This insider now owns 691,700 shares in total.

PEDEVCO Corp (PED) Recent Fiscal highlights

As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.03 earnings per share (EPS) for the period topping the consensus outlook (set at 0.02) by 0.01. According to the Wall Street analysts, stocks earnings will be around -93.40% per share during the next fiscal year.

PEDEVCO Corp (AMEX: PED) Trading Performance Indicators

PEDEVCO Corp (PED) is currently performing well based on its current performance indicators. A quick ratio of 1.67 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.58. Likewise, its price to free cash flow for the trailing twelve months is 3.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.14 and is forecasted to reach 0.04 in one year’s time.

Technical Analysis of PEDEVCO Corp (PED)

Compared to the last year’s volume of 0.18 million, its volume of 0.2 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.30%.

During the past 100 days, PEDEVCO Corp’s (PED) raw stochastic average was set at 38.31%, which indicates a significant decrease from 47.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0205 in the past 14 days, which was lower than the 0.0351 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.6285, while its 200-day Moving Average is $0.6994. Nevertheless, the first resistance level for the watch stands at $0.6441 in the near term. At $0.6801, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7042. If the price goes on to break the first support level at $0.5840, it is likely to go to the next support level at $0.5599. Now, if the price goes above the second support level, the third support stands at $0.5239.

PEDEVCO Corp (AMEX: PED) Key Stats

Market capitalization of the company is 55.92 million based on 91,979K outstanding shares. Right now, sales total 39,550 K and income totals 17,790 K. The company made 6,970 K in profit during its latest quarter, and -1,680 K in sales during its previous quarter.

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