The price-to-earnings ratio for Chewy Inc (NYSE: CHWY) is above average at 114.72x. The 36-month beta value for CHWY is also noteworthy at 1.00. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CHWY is 133.73M, and at present, short sellers hold a 13.79% of that float. The average trading volume of CHWY on June 17, 2024 was 10.13M shares.
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CHWY) stock’s latest price update
Chewy Inc (NYSE: CHWY) has seen a decline in its stock price by -4.77 in relation to its previous close of 23.25. However, the company has experienced a -2.68% decline in its stock price over the last five trading sessions. zacks.com reported 2024-06-13 that Growth investors have enjoyed a positive 2024, with stocks like Abercrombie & Fitch, Badger Meter and Chewy enjoying big runs so far this year.
CHWY’s Market Performance
Chewy Inc (CHWY) has seen a -2.68% fall in stock performance for the week, with a 35.66% gain in the past month and a 27.31% surge in the past quarter. The volatility ratio for the week is 4.78%, and the volatility levels for the past 30 days are at 5.29% for CHWY. The simple moving average for the past 20 days is 10.36% for CHWY’s stock, with a 17.68% simple moving average for the past 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 24.68% 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 -45.71% of loss for the given period.
Volatility was left at 5.29%, however, over the last 30 days, the volatility rate increased by 4.78%, as shares surge +30.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.16% upper at present.
During the last 5 trading sessions, CHWY fell by -2.68%, which changed the moving average for the period of 200-days by -18.84% in comparison to the 20-day moving average, which settled at $20.32. In addition, Chewy Inc saw -6.31% 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 Singh Sumit, who sale 46,090 shares at the price of $15.12 back on May 02 ’24. After this action, Singh Sumit now owns 1,379,100 shares of Chewy Inc, valued at $697,010 using the latest closing price.
Mehta Satish, the Chief Technology Officer of Chewy Inc, sale 8,019 shares at $15.12 during a trade that took place back on May 02 ’24, which means that Mehta Satish is holding 569,594 shares at $121,270 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 0.01. The total capital return value is set at 0.03. Equity return is now at value 18.22, with 2.84 for asset returns.
Based on Chewy Inc (CHWY), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.76. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 8.87.
Currently, EBITDA for the company is 115.08 million with net debt to EBITDA at -3.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 62.72for trailing twelve months and the total asset turnover is 3.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In summary, Chewy Inc (CHWY) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
