Chewy Inc (NYSE: CHWY)’s stock price has gone rise by 4.09 in comparison to its previous close of 16.38, however, the company has experienced a 7.17% increase in its stock price over the last five trading days. The Motley Fool reported 2024-04-07 that These pandemic favorites are still waving plenty of green flags. Fiverr is boosting profits and capitalizing on the growth of AI services.
Is It Worth Investing in Chewy Inc (NYSE: CHWY) Right Now?
The price-to-earnings ratio for Chewy Inc (NYSE: CHWY) is 186.75x, which is above its average ratio. Moreover, the 36-month beta value for CHWY is 0.89. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CHWY is 131.42M and currently, short sellers hold a 15.50% of that float. On April 08, 2024, CHWY’s average trading volume was 9.01M shares.
CHWY’s Market Performance
CHWY stock saw a decrease of 7.17% in the past week, with a monthly decline of -1.22% and a quarterly a decrease of -17.75%. The volatility ratio for the week is 4.31%, and the volatility levels for the last 30 days are 4.76% for Chewy Inc (CHWY). The simple moving average for the last 20 days is 2.07% for CHWY’s stock, with a simple moving average of -25.08% for the last 200 days.
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 -0.71% 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 -58.19% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares sank -2.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.34% lower at present.
During the last 5 trading sessions, CHWY rose by +7.17%, which changed the moving average for the period of 200-days by -55.53% in comparison to the 20-day moving average, which settled at $16.68. In addition, Chewy Inc saw -27.85% 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 8,025 shares at the price of $15.53 back on Apr 02 ’24. After this action, Bowman Stacy now owns 243,769 shares of Chewy Inc, valued at $124,609 using the latest closing price.
Singh Sumit, the Chief Executive Officer of Chewy Inc, sale 6,728 shares at $15.53 during a trade that took place back on Apr 02 ’24, which means that Singh Sumit is holding 129,991 shares at $104,470 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 0.66. 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 wrap up, the performance of Chewy Inc (CHWY) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
