Chewy Inc [CHWY] stock prices are up 2.38% to $25.40 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 2.13% over the last week, with a monthly amount glided 11.65%, 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 July 09, 2024, when Argus downgraded its rating to a Hold. Previously, Mizuho started tracking the stock with Neutral rating on March 19, 2024, and set its price target to $18. On January 11, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $30 on the stock. Jefferies initiated its recommendation with a Buy and recommended $27 as its price target on December 19, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on October 31, 2023, and downed its price target to $28. In a note dated October 25, 2023, UBS upgraded an Neutral rating on this stock and revised its target price from $25 to $20.
The stock price of Chewy Inc [CHWY] has been fluctuating between $14.69 and $39.46 over the past year. Currently, Wall Street analysts expect the stock to reach $43.36 within the next 12 months. Chewy Inc [NYSE: CHWY] shares were valued at $25.40 at the most recent close of the market. An investor can expect a potential return of 70.71% based on the average CHWY price forecast.
Analyzing the CHWY fundamentals
The Chewy Inc [NYSE:CHWY] reported sales of 11.24B for trailing twelve months, representing a surge of 3.34%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.18 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.86.
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 24.67 points at the first support level, and at 23.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.05, and for the 2nd resistance point, it is at 26.71.
Ratios To Look Out For
It’s worth pointing out that Chewy Inc [NYSE:CHWY]’s Current Ratio is 1.07. Also, the Quick Ratio is 0.69, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 17.20 and price to earnings (TTM) ratio is 131.61.
Transactions by insiders
Recent insider trading involved Argos Holdings GP LLC, 10% Owner, that happened on Jul 01 ’24 when 1.34 million shares were sold. 10% Owner, Argos Holdings GP LLC completed a deal on Jun 27 ’24 to sell 5.33 million shares. Meanwhile, 10% Owner Argos Holdings GP LLC sold 17.55 million shares on Jun 26 ’24.
