The stock price of Chewy Inc (NYSE: CHWY) has dropped by -0.13 compared to previous close of 26.95. Despite this, the company has seen a fall of -2.76% in its stock price over the last five trading days. zacks.com reported 2024-10-24 that Chewy (CHWY) closed at $27.09 in the latest trading session, marking a -1.35% move from the prior day.
Is It Worth Investing in Chewy Inc (NYSE: CHWY) Right Now?
The price-to-earnings ratio for Chewy Inc (NYSE: CHWY) is 32.34x, which is above its average ratio. Moreover, the 36-month beta value for CHWY is 1.06. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 6 as “overweight,” 12 as “hold,” and 2 as “sell.”
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The public float for CHWY is 121.66M and currently, short sellers hold a 9.07% of that float. On October 28, 2024, CHWY’s average trading volume was 5.91M shares.
CHWY’s Market Performance
The stock of Chewy Inc (CHWY) has seen a -2.76% decrease in the past week, with a -10.16% drop in the past month, and a 8.49% gain in the past quarter. The volatility ratio for the week is 3.73%, and the volatility levels for the past 30 days are at 3.71% for CHWY. The simple moving average for the past 20 days is -5.88% for CHWY’s stock, with a 22.12% simple moving average for the past 200 days.
Analysts’ Opinion of CHWY
TD Cowen, on the other hand, stated in their research note that they expect to see CHWY reach a price target of $38. The rating they have provided for CHWY stocks is “Buy” according to the report published on October 09th, 2024.
Piper Sandler gave a rating of “Overweight” to CHWY, setting the target price at $35 in the report published on August 23rd of the current year.
CHWY Trading at -6.07% 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 -31.16% of loss for the given period.
Volatility was left at 3.71%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares sank -8.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.57% lower at present.
During the last 5 trading sessions, CHWY fell by -2.66%, which changed the moving average for the period of 200-days by +34.52% in comparison to the 20-day moving average, which settled at $28.60. In addition, Chewy Inc saw 13.90% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHWY starting from Argos Holdings GP LLC, who sale 1,250,000 shares at the price of $29.40 back on Oct 15 ’24. After this action, Argos Holdings GP LLC now owns 0 shares of Chewy Inc, valued at $36,750,000 using the latest closing price.
Argos Holdings GP LLC, the 10% Owner of Chewy Inc, sale 26,870,748 shares at $29.40 during a trade that took place back on Sep 23 ’24, which means that Argos Holdings GP LLC is holding 0 shares at $789,999,991 based on the most recent closing price.
Stock Fundamentals for CHWY
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.28 for the gross margin
The net margin for Chewy Inc stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 85.62, with 12.14 for asset returns.
Based on Chewy Inc (CHWY), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 18.51.
Currently, EBITDA for the company is 115.08 million with net debt to EBITDA at -0.71. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 56.33for trailing twelve months and the total asset turnover is 3.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To wrap up, the performance of Chewy Inc (CHWY) has been mixed in recent times. The stock has received a bearish of “sell” 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.
