PEDEVCO Corp. (PED)
NYSEAMERICAN: PED · IEX Real-Time Price · USD
1.040
+0.010 (0.97%)
At close: Jul 19, 2024, 4:00 PM
1.000
-0.040 (-3.85%)
Pre-market: Jul 22, 2024, 7:03 AM EDT
PEDEVCO Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for PEDEVCO stock have an average target of 2.17, with a low estimate of 1.75 and a high estimate of 2.50. The average target predicts an increase of 108.65% from the current stock price of 1.04.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for PEDEVCO stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $1.75 | Strong Buy | Initiates | $1.75 | +68.27% | Jul 17, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $2.25 | Strong Buy | Maintains | $2.25 | +116.35% | May 16, 2024 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +140.38% | Sep 14, 2023 |
| EF Hutton | EF Hutton | Strong Buy Maintains $2.75 → $2.5 | Strong Buy | Maintains | $2.75 → $2.5 | +140.38% | Aug 15, 2023 |
| EF Hutton | EF Hutton | Strong Buy Initiates $2.4 | Strong Buy | Initiates | $2.4 | +130.77% | Jul 5, 2023 |
Financial Forecast
Revenue This Year
32.00M
from 30.78M
Increased by 3.95%
Revenue Next Year
35.24M
from 32.00M
Increased by 10.12%
EPS This Year
0.05
EPS Next Year
0.09
from 0.05
Increased by 100.00%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 37.6M | 36.6M |
| Avg | 32.0M | 35.2M |
| Low | 27.0M | 34.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 22.0% | 14.5% |
| Avg | 4.0% | 10.1% |
| Low | -12.1% | 6.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.06 | 0.09 |
| Avg | 0.05 | 0.09 |
| Low | 0.03 | 0.09 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 107.9% |
| Avg | - | 100.0% |
| Low | - | 94.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.