Chewy Inc (NYSE:CHWY) saw an upside of 0.83% to close Monday at $18.29 after adding $0.15 on the day. The 5-day average trading volume is 8,516,080 shares of the company’s common stock. It has gained $19.69 in the past week and touched a new high 1 time within the past 5 days. An average of 8,746,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,294,700.
CHWY’s 1-month performance is -29.00% or -$7.47 on its low of $17.85 reached on 09/25/23. The company’s shares have touched a 52-week low of $17.90 and high of $52.88, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, CHWY has lost -50.67% or -$18.79 and has reached a new high 13 times. However, the current price is down -65.41% from the 52-week high price.
Insider Transactions
CHWY stock investors last saw insider trading activity on Sep 05.Bowman Stacy (Interim CFO & CAO) most recently sold 900 shares at $25.00 per share on Sep 05. This transaction cost the insider $22,497. Chief Executive Officer, Singh Sumit, sold 785 shares at a price of $25.00 on Sep 05. Then, on Aug 02, Interim CFO & CAO Bowman Stacy sold 465 shares at a price of $32.62 per share. This transaction amounted to $15,168.
Valuation Metrics
CHWY stock has a beta of 0.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.73 while the price-to-book (PB) in the most recent quarter is 21.55, with the price to cash flow ratio at 21.74.
Chewy Inc’s quick ratio for the period ended July 30 was 0.56, with the current ratio over the same period at 0.93. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.34, while the total debt to equity was 1.42. In terms of profitability, the gross margin trailing 12 months is 27.42%. The trailing 12-month EBITDA margin is 1.81% while for the period ending July 30, Chewy Inc’s operating margin was 0.24%. The firm’s gross profit as reported stood at $2.83 billion against revenue of $10.1 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 2.53% to $18.95 million, while revenue of $6.1 million was 67.81% off the previous quarter. Analysts expected CHWY to announce -$0.05 per share in earnings in its latest quarter, but it posted $0.04, representing a 180.00% surprise. EBITDA for the quarter stood at more than $9.88 million. CHWY stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.54 billion, with total debt at $517.29 million. Shareholders hold equity totaling $430.33 million.
Let’s look briefly at Chewy Inc (CHWY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 14.24% to suggest the stock is trending oversold, with historical volatility in this time period at 11.59%.
The stock’s 5-day moving average is $18.49, reflecting a -4.74% or -$0.91 change from its current price. CHWY is currently trading -29.00% above its 20-day SMA, -41.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -51.86% and SMA200 by-56.16%.
Stochastic %K and %D was 3.87% and 3.07% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 16.41%, while the 14-day stochastic is at 5.78% with the period’s ATR at 0.95. The stock’s 9-day MACD Oscillator is pointing at -1.20 and -2.50 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Chewy Inc (NYSE: CHWY), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CHWY stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate CHWY as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 13 have offered a “buy” rating.
What is CHWY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $50.00, with their median price target at $33.50. Looking at these predictions, the average price target given by analysts is for Chewy Inc (CHWY) stock is $34.22.
