Chewy Inc (NYSE: CHWY) Plunges -5.85% And Its 4.93% Stock Volatility Is Bewildering

Chewy Inc (NYSE:CHWY) does about 8.76M shares in volume on a normal day but saw 7955962 shares change hands in Friday’s trading. The company now has a market cap of 6.72B USD. Its current market price is $15.44, marking a decrease of -5.85% compared to the previous close of $16.40. The 52 week high reached by this stock is $40.78 whilst the lowest price level in 52 weeks is $14.69.

Chewy Inc (CHWY) has a 20-day trading average at $15.80 and the current price is -62.14% off the 52-week high compared with 5.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.51 and its 200-day simple moving average is $20.00. If we look at the stock’s price movements over the week, volatility stands at 4.93%, which increases to 5.02% 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 45.05 to suggest the stock is neutral.

The consensus objective for the share price is $22.70, suggesting that the stock has a potential upside of 31.98% 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 down -2.95% over the week and -16.72% over the past month. Its price is -34.66% year-to-date and -54.59% over the past year.

To reach the target analysts have set, the stock logically needs to grow 31.98 percent from here.

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 169.11 while the forward price to earnings ratio is 63.28. The beta has a value of 0.92. Price to book ratio is 13.07 and price to sales ratio is 0.60.