The stock price of Chewy Inc (NYSE: CHWY) has plunged by -2.18 when compared to previous closing price of 31.58, but the company has seen a -8.15% decline in its stock price over the last five trading sessions. fool.com reported 2024-12-09 that Chewy (CHWY -1.30%) reported quarterly financial results that decreased the stock price despite relatively positive figures.
Is It Worth Investing in Chewy Inc (NYSE: CHWY) Right Now?
Chewy Inc (NYSE: CHWY) has a higher price-to-earnings ratio of 33.41x compared to its average ratio, The 36-month beta value for CHWY is at 1.10. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 8 rating it as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for CHWY is 129.82M, and currently, shorts hold a 10.32% of that float. The average trading volume for CHWY on December 10, 2024 was 5.68M shares.
CHWY’s Market Performance
CHWY’s stock has seen a -8.15% decrease for the week, with a 0.32% rise in the past month and a 10.44% gain in the past quarter. The volatility ratio for the week is 6.01%, and the volatility levels for the past 30 days are at 4.68% for Chewy Inc The simple moving average for the past 20 days is -6.84% for CHWY’s stock, with a 28.53% simple moving average for the past 200 days.
Analysts’ Opinion of CHWY
BofA Securities, 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 $24. The rating they have provided for CHWY stocks is “Buy” according to the report published on November 20th, 2024.
Citigroup gave a rating of “Buy” to CHWY, setting the target price at $40 in the report published on November 08th of the current year.
CHWY Trading at 1.56% 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 -21.00% of loss for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 6.01%, as shares surge +0.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.10% upper at present.
During the last 5 trading sessions, CHWY fell by -8.15%, which changed the moving average for the period of 200-days by +91.98% in comparison to the 20-day moving average, which settled at $33.16. In addition, Chewy Inc saw 30.72% 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 Singh Sumit, who sale 46,312 shares at the price of $33.47 back on Dec 02 ’24. After this action, Singh Sumit now owns 1,470,125 shares of Chewy Inc, valued at $1,549,896 using the latest closing price.
Singh Sumit, the Chief Executive Officer of Chewy Inc, sale 4,243 shares at $33.47 during a trade that took place back on Dec 02 ’24, which means that Singh Sumit is holding 148,999 shares at $141,998 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 0.04. The total capital return value is set at 0.16. Equity return is now at value 131.11, with 13.72 for asset returns.
Based on Chewy Inc (CHWY), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 2.29. The interest coverage ratio of the stock is 23.67.
Currently, EBITDA for the company is 161.5 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 59.32for trailing twelve months and the total asset turnover is 3.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
In conclusion, Chewy Inc (CHWY) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
