Chewy Inc [CHWY] stock prices are up 1.91% to $16.57 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHWY shares have gain 3.30% over the last week, with a monthly amount glided 7.74%, and 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.
The stock price of Chewy Inc [CHWY] has been fluctuating between $14.69 and $40.78 over the past year. Currently, Wall Street analysts expect the stock to reach $45.08 within the next 12 months. Chewy Inc [NYSE: CHWY] shares were valued at $16.57 at the most recent close of the market. An investor can expect a potential return of 172.06% based on the average CHWY price forecast.
Analyzing the CHWY fundamentals
The Chewy Inc [NYSE:CHWY] reported sales of 11.15B for trailing twelve months, representing a surge of 5.14%. 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 16.22 points at the first support level, and at 15.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.81, and for the 2nd resistance point, it is at 17.05.
Ratios To Look Out For
It’s worth pointing out that Chewy Inc [NYSE:CHWY]’s Current Ratio is 1.00. Also, the Quick Ratio is 0.66, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 14.02 and price to earnings (TTM) ratio is 181.49.
Transactions by insiders
Recent insider trading involved Singh Sumit, Chief Executive Officer, that happened on May 02 ’24 when 46090.0 shares were sold. Chief Technology Officer, Mehta Satish completed a deal on May 02 ’24 to sell 8019.0 shares. Meanwhile, Chief Executive Officer Singh Sumit sold 2637.0 shares on May 02 ’24.
