Chewy Inc (NYSE:CHWY) does about 9.12M shares in volume on a normal day but saw 8814207 shares change hands in Tuesday trading. The company now has a market cap of 7.64B USD. Its current market price is $17.57, marking an increase of 4.46% compared to the previous close of $16.82. The 52 week high reached by this stock is $40.78 whilst the lowest price level in 52 weeks is $15.08.
Chewy Inc (CHWY) has a 20-day trading average at $16.60 and the current price is -56.92% off the 52-week high compared with 16.51% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.03 and its 200-day simple moving average is $22.44. If we look at the stock’s price movements over the week, volatility stands at 4.63%, which increases to 4.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.47 to suggest the stock is neutral.
The consensus objective for the share price is $22.93, suggesting that the stock has a potential upside of 23.38% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 19, 2024 when Mizuho initiated the stock to “Neutral” and issued a price target of $18. Barclays upgraded the stock to “Overweight” from Equal Weight on January 11, 2024 at a price target of $19-$30. Goldman resumed its price target at $40-$36.
Chewy Inc (CHWY) stock is up 11.48% over the week and -0.73% over the past month. Its price is -25.65% year-to-date and -50.10% over the past year.
The stock last released its quarterly earnings report for quarter ended 1/30/2024, with the company’s earnings per share (EPS) of $0.11 above consensus estimates by $0.15. CHWY’s earnings per share are forecast to grow by 41.70% this year and 123.50% over next year. Expected sales for next quarter are $2.86 billion, which analysts say will come at $11.73 billion for the current fiscal year and next year at $12.36 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.84 billion.
To reach the target analysts have set, the stock logically needs to grow 23.38 percent from here.
Outstanding shares total 132.91M with insiders holding 2.81% of the shares and institutional holders owning 76.46% of the company’s common stock. The company has a return on investment of 3.81% and return on equity of 10.93%. The price to earnings ratio (P/E ratio) amounts to 192.44 while the forward price to earnings ratio is 70.94. The beta has a value of 0.89. Price to book ratio is 14.87 and price to sales ratio is 0.69.
