A share price of Chewy Inc [CHWY] is currently trading at $17.64, down -4.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The CHWY shares have gain 3.46% over the last week, with a monthly amount drifted -1.95%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Chewy Inc [NYSE: CHWY] stock has seen the most recent analyst activity on March 19, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $18. Previously, Barclays upgraded its rating to Overweight on January 11, 2024, and elevated its price target to $30. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $27 on December 19, 2023. Morgan Stanley upgraded its rating to a Overweight and reduced its price target to $28 on October 31, 2023. UBS upgraded its rating to Neutral for this stock on October 25, 2023, and downed its price target to $20.
Chewy Inc experienced fluctuations in its stock price throughout the past year between $15.08 and $40.78. Currently, Wall Street analysts expect the stock to reach $45.92 within the next 12 months. Chewy Inc [NYSE: CHWY] shares were valued at $17.64 at the most recent close of the market. An investor can expect a potential return of 160.32% based on the average CHWY price forecast.
Analyzing the CHWY fundamentals
Trailing Twelve Months sales for Chewy Inc [NYSE:CHWY] were 11.15B which represents 5.14% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.09.
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 17.20 points at the first support level, and at 16.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.22, and for the 2nd resistance point, it is at 18.81.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Chewy Inc [NYSE:CHWY] is 1.00. On the other hand, the Quick Ratio is 0.66, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 14.93 and price to earnings (TTM) ratio is 193.21.
Transactions by insiders
Recent insider trading involved Bowman Stacy, Chief Accounting Officer, that happened on Apr 02 ’24 when 8025.0 shares were sold. Chief Executive Officer, Singh Sumit completed a deal on Apr 02 ’24 to sell 6728.0 shares. Meanwhile, Chief Accounting Officer Bowman Stacy sold 604.0 shares on Mar 04 ’24.
