As of Thursday close, Chewy Inc.’s (NYSE:CHWY) stock was down -$0.69, moving down -2.44 percent to $27.64. The average number of shares traded per day over the past five days has been 4,250,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.47 fall in that time frame. In the last twenty days, the average volume was 3,902,165, while in the previous 50 days, it was 3,911,828.
Since last month, CHWY stock retreated -27.34%. Shares of the company fell to $27.54 on 08/17/23, the lowest level in the past month. A 52-week high of $52.88 was reached on 02/03/23 after having rallying from a 52-week low of $28.24. Since the beginning of this year, CHWY’s stock price has dropped by -25.46% or -$9.44, and marked a new high 13 times. However, the stock has declined by -47.73% since its 52-week high.
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CHWY stock investors should be aware that Chewy Inc. (CHWY) stock had its last reported insider trading activity 16 days ago on Aug 02. Bowman Stacy, the Interim CFO & CAO of the company, disposed of 465 shares for $32.62 on Aug 02. It resulted in a $15,168 divestment by the insider. Singh Sumit sold 434 shares at an average price of $32.62 on Aug 02. The insider now owns 97,624 shares following the transaction. On Aug 02, General Counsel Morant Michael sold 189 shares at $32.62 apiece. The transaction was valued at $6,165.
Valuation Metrics
Right now, Chewy Inc. (CHWY) has a P/E ratio of about 224.72. The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 1.14, the price-to-book (PB) ratio of 41.88, and the price-to-cash flow ratio of 49.64 may also be considered.
Financial Health
In the three months ended April 29, Chewy Inc.’s quick ratio stood at 0.50, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 28.30% percent. In the year ended April 29, EBITDA margin amounted to 1.81%, whereas operating margins totaled 0.60%. Based on annual data, CHWY earned $2.83 billion in gross profit and brought in $10.1 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.80%. Return on equity (ROE) for the past 12 months was 27.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CHWY’s revenue rose 11.79% to $2.53 billion during the quarter, while net income inched up to $2.71 billion. While analysts expected Chewy Inc. to report -$0.04 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 225.00%. During the quarter, the company generated $52.93 million in EBITDA. The liabilities of Chewy Inc. were 2.46 billion at the end of its most recent quarter ended April 29, and its total debt was $528.4 million. The value of shareholders’ equity is $427.43 million.
Technical Picture
This quick technical analysis looks at Chewy Inc.’s (CHWY) price momentum. With a historical volatility rate of 19.99%, the RSI 9-day stood at 15.06% on 17 August.
With respect to its five-day moving average, the current Chewy Inc. price is down by -11.15% percent or -$3.47. At present, CHWY shares trade -21.41% below its 20-day simple moving average and -17.71% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.85% below its SMA50 and -29.87% below its SMA200.
Stochastic coefficient K was 3.40% and Stochastic coefficient D was 7.11%, while ATR was 1.10. Given the Stochastic reading of 1.46% for the 14-day period, the RSI (14) reading has been calculated as 21.78%. As of today, the MACD Oscillator reading stands at -1.72, while the 14-day reading stands at -2.75.
Analyst Ratings
Goldman upgraded its rating on Chewy Inc. (NYSE: CHWY) to a Buy in a note to investors on July 17, 2023. The analysts firm previously had a Neutral rating on the stock.Chewy Inc. (CHWY) has been rated Overweight by analysts. According to 2 brokerage firms, CHWY is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Chewy Inc. stock as buy, with 13 recommending it as overweight.
With a median target price of $44.50, the current consensus forecast for the stock is $6.00 – $56.00. Based on these forecasts, analysts predict Chewy Inc. (CHWY) will achieve an average price target of $42.32.
