The stock price of Chewy Inc (NYSE: CHWY) has surged by 1.50 when compared to previous closing price of 33.41, but the company has seen a -2.81% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-29 that Sprouts Farmers, Deckers Outdoor, Chewy and Torrid are included in this Analyst Blog.
Is It Worth Investing in Chewy Inc (NYSE: CHWY) Right Now?
Chewy Inc (NYSE: CHWY) has a price-to-earnings ratio that is above its average at 40.75x. The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 8 as “overweight,” 13 as “hold,” and 0 as “sell.”
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The public float for CHWY is 129.79M, and at present, short sellers hold a 10.33% of that float. On December 02, 2024, the average trading volume of CHWY was 5.77M shares.
CHWY’s Market Performance
CHWY stock saw an increase of -2.81% in the past week, with a monthly gain of 25.73% and a quarterly increase of 21.15%. The volatility ratio for the week is 3.97%, and the volatility levels for the last 30 days are 4.09% for Chewy Inc (CHWY). The simple moving average for the last 20 days is 4.02% for CHWY stock, with a simple moving average of 43.45% for the last 200 days.
Analysts’ Opinion of CHWY
Many brokerage firms have already submitted their reports for CHWY stocks, with BofA Securities repeating the rating for CHWY by listing it as a “Buy.” The predicted price for CHWY in the upcoming period, according to BofA Securities is $40 based on the research report published on November 20, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CHWY reach a price target of $40, previously predicting the price at $28. The rating they have provided for CHWY stocks is “Buy” according to the report published on November 08th, 2024.
CHWY Trading at 12.38% 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 -13.27% of loss for the given period.
Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +24.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.51% upper at present.
During the last 5 trading sessions, CHWY fell by -3.21%, which changed the moving average for the period of 200-days by +93.41% in comparison to the 20-day moving average, which settled at $32.59. In addition, Chewy Inc saw 43.50% 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
- 0.29 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.
Currently, EBITDA for the company is 161.5 million with net debt to EBITDA at -0.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. 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 sum up, Chewy Inc (CHWY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
