Chewy Inc [CHWY] stock is trading at $23.70, up 6.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CHWY shares have gain 1.94% over the last week, with a monthly amount drifted -6.69%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Argus downgraded its rating to Hold on July 09, 2024. On March 19, 2024, Mizuho initiated with a Neutral rating and assigned a price target of $18 on the stock. Barclays upgraded its rating to a Overweight and increased its price target to $30 on January 11, 2024. Jefferies started tracking with a Buy rating for this stock on December 19, 2023, and assigned it a price target of $27. In a note dated October 31, 2023, Morgan Stanley upgraded an Overweight rating on this stock and revised its target price from $31 to $28.
Chewy Inc [CHWY] stock has fluctuated between $14.69 and $39.10 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 $23.70 at the most recent close of the market. An investor can expect a potential return of 82.95% based on the average CHWY price forecast.
Analyzing the CHWY fundamentals
Chewy Inc [NYSE:CHWY] reported sales of 11.24B for the trailing twelve months, which represents a growth 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 22.54 points at the first support level, and at 21.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.29, and for the 2nd resistance point, it is at 24.89.
Ratios To Look Out For
For context, Chewy Inc’s Current Ratio is 1.07. As well, the Quick Ratio is 0.69, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 16.05 and price to earnings (TTM) ratio is 122.80.
Transactions by insiders
Recent insider trading involved Singh Sumit, Officer, that happened on Aug 02 ’24 when 14338.0 shares were purchased. Officer, Mehta Satish completed a deal on Aug 02 ’24 to buy 2894.0 shares. Meanwhile, Member of immediate family of Singh Sumit bought 1320.0 shares on Aug 02 ’24.
