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Legacy AI Deep Dive Analysis of Wag! Group Co. Common Stock (PET)

As a financial analyst, I don't see any relevant financial information in the given chunk. It appears to be a cute news story about a Bernedoodle's unique way of wagging his tail. Would you like to proceed to the next section or provide a different text to analyze?
According to Benzinga, insiders have been aggressively purchasing shares in three penny stocks under $5: Super League Enterprise, Wag! Group, and Retractable Technologies. The article provides an overview of these companies' business activities and highlights recent insider transactions.
The total current liabilities as of September 30, 2024, are $29,630, an increase from the previous total of $18,399. The non-current portion of operating lease liabilities has decreased to $556 from $816 as of December 31, 2023. The notes payable non-current portion, net of debt discount and warrant allocation, is $25,664 as of December 31, 2023. Total liabilities have decreased to $30,217 from $45,051. In terms of stockholders' equity, the common stock remains stable at $0.0001 par value. The number of authorized shares is 110,000 for both the periods. The issued and outstanding shares have increased to 49,785 from 39,597. Additional paid-in capital has increased to $176,859 from $163,376. However, the accumulated deficit has also increased to $(174,488) from $(161,734). The total stockholder's equity has increased to $2,375 from $1,646. The total liabilities and stockholders' equity have decreased to $32,592 from $46,697.
1) Brief Summary: Wag! Group Co. appears to be in a challenging financial position with a steady decline in several key metrics. The company's Simple Moving Average (SMA) over 50 days and 200 days are -14.74% and -67.04%, respectively, indicating a consistent downward trend. The sales over the past 5 years have grown 26.48%, but the recent quarterly sales showed a sharp drop of -39.43% YoY. This is also reflected in the significantly negative EPS and sales surprises. The company's debt-to-equity ratio is high at 8.39, suggesting a high level of risk. Insider transactions have been primarily to cover tax obligations from vested RSUs, not discretionary trades. 2) MARKET_SCORE: Considering the negative trends in various metrics, the likelihood of an upward move seems low. Hence, the MARKET_SCORE: 20

3) PRICE_TARGET: Given the company's poor performance and high debt levels, it is unlikely that the stock will see significant appreciation in the near term. The current price is $0.2355, with the 30-day low being the same. Considering the state of affairs, a 10% appreciation seems optimistic. Thus, PRICE_TARGET: $0.259

4) AI_RPT_HEADLINE: "Wag! Group's Troubled Waters: Sales Dip, Debt Rises, Outlook Gloomy"
-> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes
====================================================== : 2025-03-21 02:05:41

# Analysis Completed Elapsed Time: 45.83 seconds


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