Chewy Inc [CHWY] stock prices are up 3.86% to $17.24 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CHWY shares have gain 4.48% over the last week, with a monthly amount drifted -11.04%, and not seem to be holding up well over a long-time horizon.
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On 14, December 2023, Chewy to Open Its First Veterinary Practices with Launch of Chewy Vet Care. In a post published today on Yahoo Finance, Chewy is combining its acclaimed customer focus with excellent veterinary medicine to create an innovative healthcare experience that takes care of pets, pet parents, and veterinary professionals.
From an analyst’s perspective:
Chewy Inc [NYSE: CHWY] stock has seen the most recent analyst activity on January 11, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $30 from $19. On December 19, 2023, Jefferies initiated with a Buy rating and assigned a price target of $27 on the stock. Morgan Stanley upgraded its rating to a Overweight and decreased its price target to $28 on October 31, 2023. UBS upgraded its rating to a Neutral and reduced its price target to $20 on October 25, 2023. In a note dated September 20, 2023, Oppenheimer downgraded an Perform rating on this stock.
The stock price of Chewy Inc [CHWY] has been fluctuating between $15.78 and $42.13 over the past year. Currently, Wall Street analysts expect the stock to reach $55.55 within the next 12 months. Chewy Inc [NYSE: CHWY] shares were valued at $17.24 at the most recent close of the market. An investor can expect a potential return of 222.22% based on the average CHWY price forecast.
Analyzing the CHWY fundamentals
The Chewy Inc [NYSE:CHWY] reported sales of 11.01B for trailing twelve months, representing a surge of 8.15%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.68 points at the first support level, and at 16.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.66, and for the 2nd resistance point, it is at 18.09.
Chewy Inc [CHWY] reported earnings per share of -$0.08 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.06/share, meaning a difference of -$0.02 and a surprise factor of -33.30%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.04 per share as compared to estimates of -$0.05 per share, a difference of $0.09 representing a surprise of 180.00%.
Ratios To Look Out For
It’s worth pointing out that Chewy Inc [NYSE:CHWY]’s Current Ratio is 0.96. On the other hand, the Quick Ratio is 0.60, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 18.90 and price to earnings (TTM) ratio is 650.57.
Transactions by insiders
Recent insider trading involved Singh Sumit, Chief Executive Officer, that happened on Feb 02 when 0.19 million shares were sold. Chief Technology Officer, Mehta Satish completed a deal on Feb 02 to sell 40523.0 shares. Meanwhile, Chief Executive Officer Singh Sumit sold 3457.0 shares on Feb 02.
