Is PEDEVCO Corp. technically bullish or bearish?
2025-09-20 19:52:47As of 10 September 2025, the technical trend for PEDEVCO Corp. has changed from mildly bearish to bearish. The current stance is bearish, with key indicators supporting this view including a bearish signal from the daily moving averages, a bearish MACD on the monthly timeframe, and bearish readings from the KST on both weekly and monthly periods. The Bollinger Bands also indicate a mildly bearish trend on both weekly and monthly charts. In terms of performance, PEDEVCO has underperformed significantly compared to the S&P 500, with a year-to-date return of -21.47% versus the S&P 500's 12.22%, and a one-year return of -33.59% compared to the S&P 500's 17.14%....
Read MoreIs PEDEVCO Corp. overvalued or undervalued?
2025-09-20 18:27:00As of 10 September 2025, the valuation grade for PEDEVCO Corp. has moved from attractive to very attractive, indicating a positive shift in its valuation outlook. The company appears undervalued, particularly when considering its P/E ratio of 3, which is significantly lower than its peers, such as Flotek Industries, Inc. at 21.82 and Oil States International, Inc. at 18.43. Additionally, PEDEVCO's price to book value stands at 0.48, and its EV to EBITDA ratio is 2.37, further supporting the undervaluation thesis. In comparison to its peers, PEDEVCO Corp. shows a compelling valuation profile, with a much lower P/E ratio and a favorable EV to EBITDA ratio. While the stock's return data is not available for comparison with the S&P 500, the substantial difference in valuation ratios suggests that PEDEVCO may present a more attractive investment opportunity relative to its industry counterparts....
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