Is PEDEVCO Corp. (AMEX: PED) Stock On Course For Another Boom Or Bust?

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During the last session, PEDEVCO Corp. (AMEX:PED)’s traded shares were 0.45 million, with the beta value of the company hitting 0.98. At the end of the trading day, the stock’s price was $1.16, reflecting an intraday loss of 0.00% or $0.0. The 52-week high for the PED share is $3.50, that puts it down -201.72 from that peak though still a striking 19.83% gain since the share price plummeted to a 52-week low of $0.93. The company’s market capitalization is $94.88M, and the average trade volume was 4.14 million shares over the past three months.

PEDEVCO Corp. (PED) registered a 0.00% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet 0.00% in intraday trading to $1.16 this Friday, 01/07/22, hitting a weekly high. The stock’s 5-day price performance is 9.43%, and it has moved by -4.13% in 30 days. Based on these gigs, the overall price performance for the year is -15.33%.

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The consensus price target of analysts on Wall Street is $7.00, which implies an increase of 83.43% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.00 and $7.00 respectively. As a result, PED is trading at a discount of -503.45% off the target high and -503.45% off the low.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 38.50%. While earnings are projected to return -108.80% in 2022.

PED Dividends

PEDEVCO Corp. is due to release its next quarterly earnings on November 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

PEDEVCO Corp. (AMEX:PED)’s Major holders

PEDEVCO Corp. insiders own 73.07% of total outstanding shares while institutional holders control 2.05%, with the float percentage being 7.61%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 21 institutions own stock in it. As of Sep 29, 2021, the company held over 0.6 million shares (or 0.71% of all shares), a total value of $0.88 million in shares.

The next largest institutional holding, with 0.43 million shares, is of Bridgeway Capital Management, Inc.’s that is approximately 0.51% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $0.64 million.

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Also, the Mutual Funds coming in first place with the largest holdings of PEDEVCO Corp. (PED) shares are Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Market Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.46 million shares. This amounts to just over 0.55 percent of the company’s overall shares, with a $0.68 million market value. The same data shows that the other fund manager holds slightly less at 0.42 million, or about 0.50% of the stock, which is worth about $0.62 million.