You’re Not Crazy to Bet on PEDEVCO Corp. (PED)

PEDEVCO Corp. (NYSE:PED) recovered 543.41% of its value since hitting low of $0.26. The recent move of 32.8% gain helped the stock to close at $1.66 when trading ended on 01/14/2019. At recent session, the prices were hovering between $1.45 and $1.88. This company shares are 5321.69% off its target price of $90 and the current market capitalization stands at $23.77M. The recent change has given its price a 26.61% lead over SMA 50 and -62.61% deficit over its 52-week high. The stock witnessed 24.81% gains, -18.63% declines and 10.67% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PED’s volatility during a week at 24.65% and during a month it has been found around 25.77%.

PEDEVCO Corp. (PED) Top Holders

Institutional investors currently hold around $1 million or 2.9% in PED stock. Look at its top three institutional owners. Shufro Rose & Co Llc owns $185 thousand in PEDEVCO Corp., which represents roughly 0.78% of the company’s market cap and approximately 18.5% of the institutional ownership. Similar statistics are true for the second largest owner, Myda Advisors Llc, which owns 74,000 shares of the stock are valued at $93 thousand. The third largest holder is Vanguard Group Inc, which currently holds $76 thousand worth of this stock and that ownership represents nearly 0.32% of its market capitalization.

PEDEVCO Corp. 13F Filings

At the end of September reporting period, 9 institutional holders increased their position in PEDEVCO Corp. (NYSE:PED) by some 244,213 shares, 3 decreased positions by 39,532 and 5 held positions by 149,696. That puts total institutional holdings at 433,441 shares, according to SEC filings. The stock grabbed 7 new institutional investments totaling 188,637 shares while 2 institutional investors sold out their entire positions totaling 20,532 shares.

PEDEVCO Corp. (NYSE:PED) Insider Trades

Multiple company employees have indulged in significant insider trading. PEDEVCO Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive VP Clark Moore has sold 25,000 shares of PEDEVCO Corp. (PED) in trading session dated Jan. 11, 2019. These shares are worth $28,750 and were traded at $1.15 each. The SEC filing shows that Clark Moore performed a sale of 39,000 shares. The Executive VP disposed these shares by way of transaction on Dec. 28, 2018. The company’s shares were given away at $0.67 per share worth to an income of some $26,130 on account of Clark Moore.

Director, Siem Ivar, purchased 180,000 common shares of PEDEVCO Corp. (PED) in the open market. In a transaction dated Dec. 26, 2018, the shares were bought at an average price of $0.59, giving away a sum of $106,200. After this purchase, 180,000 common shares of PED are directly owned by the insider, with total stake valued at $298,800.

In the transaction dated Dec. 21, 2018, the great number of shares acquired came courtesy the CEO, 10% Owner; Kukes Simon G added a total of 225,000 shares at an average price of $0.74, amounting to approximately $166,500. The insider now directly owns 7,865,618 shares worth $13,056,926.