In the past week, CHWY stock has gone down by -0.06%, with a monthly decline of -6.02% and a quarterly plunge of -35.61%. The volatility ratio for the week is 4.99%, and the volatility levels for the last 30 days are 4.70% for Chewy Inc The simple moving average for the last 20 days is -7.01% for CHWY stock, with a simple moving average of -31.86% for the last 200 days.
Is It Worth Investing in Chewy Inc (NYSE: CHWY) Right Now?
Chewy Inc (NYSE: CHWY) has a higher price-to-earnings ratio of 174.26x compared to its average ratio. CHWY has 36-month beta value of 0.90. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 7 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for CHWY is 131.43M, and currently, short sellers hold a 15.50% ratio of that float. The average trading volume of CHWY on April 01, 2024 was 9.06M shares.
CHWY) stock’s latest price update
The stock of Chewy Inc (NYSE: CHWY) has increased by 1.66 when compared to last closing price of 15.65. Despite this, the company has experienced a -0.06% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-31 that Customer counts at the pet product site are on the decline even as net sales rise. Chewy recently expanded to Canada and has also been opening veterinary clinics.
Analysts’ Opinion of CHWY
Many brokerage firms have already submitted their reports for CHWY stocks, with Mizuho repeating the rating for CHWY by listing it as a “Neutral.” The predicted price for CHWY in the upcoming period, according to Mizuho is $18 based on the research report published on March 19, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CHWY reach a price target of $30, previously predicting the price at $19. The rating they have provided for CHWY stocks is “Overweight” according to the report published on January 11th, 2024.
Goldman gave a rating of “Buy” to CHWY, setting the target price at $36 in the report published on January 10th of the current year.
CHWY Trading at -9.17% from the 50-Day Moving Average
After a stumble in the market that brought CHWY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.99% of loss for the given period.
Volatility was left at 4.70%, however, over the last 30 days, the volatility rate increased by 4.99%, as shares sank -9.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.22% lower at present.
During the last 5 trading sessions, CHWY fell by -0.06%, which changed the moving average for the period of 200-days by -58.36% in comparison to the 20-day moving average, which settled at $17.02. In addition, Chewy Inc saw -32.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHWY starting from Bowman Stacy, who sale 604 shares at the price of $17.79 back on Mar 04 ’24. After this action, Bowman Stacy now owns 219,631 shares of Chewy Inc, valued at $10,748 using the latest closing price.
Singh Sumit, the Chief Executive Officer of Chewy Inc, sale 527 shares at $17.79 during a trade that took place back on Mar 04 ’24, which means that Singh Sumit is holding 109,759 shares at $9,378 based on the most recent closing price.
Stock Fundamentals for CHWY
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.28 for the gross margin
The net margin for Chewy Inc stands at 0.0. The total capital return value is set at 0.0. Equity return is now at value 10.93, with 1.29 for asset returns.
Based on Chewy Inc (CHWY), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.87. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is 1.19.
Currently, EBITDA for the company is 115.08 million with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 55.09for trailing twelve months and the total asset turnover is 3.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
To put it simply, Chewy Inc (CHWY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
