Novel Coronavirus boosts Pet Stocks. Which are the Best to Own?

PetVivo (OTCQB: PETV) - 19 patents and benefiting from trials on the human side with a lower barrier to approval for pets.

74

Since the Coronavirus has forced millions of Americans to retreat to their homes, the pet industry has exploded, and we continue to see an increase in pet adoptions nationwide. 

The pandemic doesn’t seem to have hurt business. In a recent survey, only 15% of pet owners said that current economic conditions have made them spend less on their furry friends, while 21% reported spending more.

A recent article in InvestorsPlace.com noted that the American Pet Products Association estimates that at least 67% of U.S. households own a pet.  Also discussed was the fact that the ProShares Pet Care ETF (CBOE: PAWZ) has grown by 30% vs. the S&P 500, which grew just 4% year to date. 

The writer likes: 

  • Chewy (NYSE:CHWY)
  • Zoetis (NYSE:ZTS)
  • Freshpet (NASDAQ:FRPT)

Chewy (NASDAQ: CHWY) is an obvious pick as lockdown restrictions are in place, pet owners are forced to shop online. Chewy’s digital storefront is a one-stop-shop for you to purchase pet food, toys and other supplies. CHWY stock has seen a six month return of 87%.

Freshpet (NASDAQ: FRPT) has seen its customer base grow from 1.8 million to 3.2 million in the past five years.  Additionally, the six month return in its stock sits at 54% and second-quarter results for the company have been rock solid with a 33.2% increase in revenues to $80 million year-over-year.

Zoetis, (NYSE: ZTS) was spun off by Pfizer (NYSE: PFE) in 2013 at a time when it was the leader in animal health.  

ZTS has been the crème de la crème as far as veterinary medicines and diagnostics are concerned.  That is, however until now.  

Here is an emerging company not mentioned in the article that needs to be on your radar. 

Have a look at PetVivo (OTCQB: PETV).  

PetVivo has yet to attract the attention of the ETF’s but the company did just announce regarding their patent that “Our biomaterial technology and the claims issued in this patent provides us extremely comprehensive coverage

PetVivo is an emerging biomedical device company leveraging the investments in the human biomaterials and medical device industries to commercialize therapeutics to pets.  

The company has a portfolio of 19 patents that protect the company’s pipeline of 16 products for the treatment of animals and people.  Its lead product “Kush” is a veterinarian-administered intraarticular injection for the treatment of osteoarthritis in dogs and horses is scheduled for expanded commercial sales later this year. 

Currently trading at around $.70 per share, with a market cap coming in at around $16 million, the stock was recently given a target price of between $1.74 and $2.32 per share by Marble Arch Research.  You can download the full report here:

Marble Arch Research notes that PetVivo achieved a major funding milestone last month, removing the main obstacle to its product commercialization goals. Commercial production of its disruptive osteoarthritis treatment device, Kush®, for canines and equines, a market we estimate is worth ~$3BN in the US alone, is due to commence in September 2020. 

The report continues “At ~1x FY23 sales, the stock is substantially undervalued relative to its comps mostly trading in a comparable 3X-4X P/S multiple range.”

Just recently a new successful Kush study came to light when Just 4 weeks ago, Fender Bender, a racehorse suffering from osteoarthritis, was put up for sale and claimed for $3,000.00 and the new owner treaded him with PetVivo’s Kush.  Fender Bender won at Canterbury Park on August 4, 2020. 

PetVivo (OTCQB:PETV) is benefiting from trials on the human side with a lower barrier to approval for pets. 

According to The American Pet Products Association, almost 85 million households have a pet and over the last 30 years pet ownership has gone from 56% to 68% of all households. 

It seems that PetVivo has value here.  If you’re looking for a biotech that has not enjoyed a massive run yet, Pet Vivo may be the solution.

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. EmergingGrowth.com has been compensated four thousand two hundred dollars in consideration for its work with PetVivo Holdings, Inc. through the date this was published. EmergingGrowth.com may or may not receive additional compensation, details about which can be found in our full disclosure, which can be found here, https://emerginggrowth.com/68372-7388/.  You can easily loose money investing in highly speculative small cap stocks like the ones mentioned within. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.

Add a Comment to this Post

comments