A share price of Chewy Inc [CHWY] is currently trading at $31.98, up 3.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The CHWY shares have gain 22.11% over the last week, with a monthly amount glided 25.12%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James downgraded its rating to Mkt Perform on August 21, 2024. On July 16, 2024, Wolfe Research initiated with a Peer Perform rating. Argus downgraded its rating to a Hold. Mizuho initiated its recommendation with a Neutral and recommended $18 as its price target on March 19, 2024. Barclays upgraded its rating to Overweight for this stock on January 11, 2024, and upped its price target to $30.
Chewy Inc experienced fluctuations in its stock price throughout the past year between $14.69 and $39.10. Currently, Wall Street analysts expect the stock to reach $39.8 within the next 12 months. Chewy Inc [NYSE: CHWY] shares were valued at $31.98 at the most recent close of the market. An investor can expect a potential return of 24.45% based on the average CHWY price forecast.
Analyzing the CHWY fundamentals
Trailing Twelve Months sales for Chewy Inc [NYSE:CHWY] were 11.32B which represents 2.91% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.72 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.13.
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 31.13 points at the first support level, and at 30.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.70, and for the 2nd resistance point, it is at 33.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Chewy Inc [NYSE:CHWY] is 0.85. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 27.44 and price to earnings (TTM) ratio is 38.43.
Transactions by insiders
Recent insider trading involved Bowman Stacy, Former Officer, that happened on Sep 11 ’24 when 20921.0 shares were purchased. Chief Executive Officer, Singh Sumit completed a deal on Sep 03 ’24 to sell 131.0 shares. Meanwhile, Member of immediate family of Singh Sumit bought 131.0 shares on Sep 03 ’24.
