Technicals Say Chewy Inc. (CHWY) Is A Hold

Chewy Inc. (NYSE:CHWY) finished Thursday with an addition of $0.25 to close at $64.79, an upside of 0.39 percent. An average of 2,720,340 shares of common stock have been traded in the last five days. There was a fall of -$3.32 in the past week. The last 20 days have seen an average of 2,705,080 shares traded, while the 50-day average volume stands at 2,844,996.

CHWY stock has decreased by -14.69% in the last month. The company shares reached their 1-month lowest point of $63.42 on 10/04/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $55.81 and a high of $120.00 in 52 weeks. In spite of this, the price is down -46.01% from the 52-week high.

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Insider Transactions

57 days have passed since Chewy Inc. (CHWY) last reported insider trading activity. Marte Mario Jesus, who is Chief Financial Officer, most recently acquired $20,927 shares at $95.00 per share on Aug 12. In this transaction, the insider spent $1,988,065. General Counsel, Helfrick Susan, disposed of 10,000 shares at a price of $93.50 on Aug 11. The insider now owns more than $935,000 worth of shares. Prior to that, General Counsel Helfrick Susan went on to Sale 10,463 shares at $90.00 each on Aug 04. An amount of $941,670 was transacted.

Valuation Metrics

Chewy Inc. (CHWY) has a trailing price-to-earnings (P/E) ratio of 3085.24, which compares with the 21.00 for the broader industry and 20.37 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Chewy Inc.’s PE ratio has ranged between 4785.00 and 3198.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.37, the price-to-book (PB) ratio at 359.94, and the price-to-cash flow ratio at 136.99.

The quick ratio of Chewy Inc. for the three months ended July 30 was 0.60, and the current ratio was 0.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 For the recent quarter ending July 30. Chewy Inc.’s EBITDA margin for the year ending July 30 is -0.40%, while its operating margin for the same period stands at 0.20%. Its gross profit as reported stood at $1.82 billion compared to revenue of $7.15 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Chewy Inc.’s return on assets was 0.60%.

Earnings Surprise

The analyst consensus anticipated Chewy Inc.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be -$0.04, a -100.00% surprise. For the recent quarter, EBITDA amounted to -$3.5 million. Shareholders own equity worth $417.76 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Chewy Inc. (CHWY) price momentum. RSI 9-day as of the close on 07 October was 22.52%, suggesting the stock is oversold, with historical volatility in this time frame at 28.05%.

As of today, CHWY’s price is $64.98 -4.87% or -$3.32 from its 5-day moving average. CHWY is currently trading -15.42% lower than its 20-day SMA and -7.72% lower than its 100-day SMA. However, the stock’s current price level is -27.55% below the SMA50 and -39.72% below the SMA200.

The stochastic %K and %D were 7.74% and 7.21%, respectively, and the average true range (ATR) was 2.46. With the 14-day stochastic at 10.50% and the average true range at 2.61, the RSI (14) stands at 26.11%. The stock has reached -2.33 on the 9-day MACD Oscillator while the 14-day reading was at -4.77.

Analyst Ratings

Wolfe Research upgraded Chewy Inc. (NYSE: CHWY) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Peer perform.The consensus rating for Chewy Inc. (CHWY) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CHWY, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.

What is CHWY’s price target for the next 12 months?

Analysts predict a range of price targets between $71.00 and $133.00, with a median target of $92.50. Taking a look at these predictions, the average price target given by analysts for Chewy Inc. (CHWY) stock is $95.78.


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