Technical Outlook And Game Plan For Chewy Inc (NYSE: CHWY)

Chewy Inc (CHWY) concluded trading on Thursday at a closing price of $33.33, with 2.97 million shares of worth about $99.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 54.74% during that period and on November 28, 2024 the price saw a loss of about -2.11%. Currently the company’s common shares owned by public are about 132.91M shares, out of which, 129.79M shares are available for trading.

Stock saw a price change of -3.73% in past 5 days and over the past one month there was a price change of 24.88%. Year-to-date (YTD), CHWY shares are showing a performance of 41.05% which increased to 78.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.69 but also hit the highest price of $39.10 during that period. The average intraday trading volume for Chewy Inc shares is 6.39 million. The stock is currently trading 4.36% above its 20-day simple moving average (SMA20), while that difference is up 10.93% for SMA50 and it goes to 41.97% higher than SMA200.

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Chewy Inc (NYSE: CHWY) currently have 132.91M outstanding shares and institutions hold larger chunk of about 32.09% of that.

The stock has a current market capitalization of $13.31B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 40.05, while it has posted earnings per share of $0.83 in the same period. Its PEG reads 0.99 and has Quick Ratio of 0.46 while making debt-to-equity ratio of 1.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHWY, volatility over the week remained 4.14% while standing at 4.08% over the month.

Stock’s fiscal year EPS is expected to rise by 780.90% while it is estimated to decrease by -36.41% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 20, 2024 offering a Buy rating for the stock and assigned a target price range of between $24 and $40 to it. Coverage by Citigroup stated Chewy Inc (CHWY) stock as a Buy in their note to investors on November 08, 2024, suggesting a price target of $40 for the stock. On October 23, 2024, Needham Resumed their recommendations, while on October 09, 2024, TD Cowen Initiated their ratings for the stock with a price target of $38. Stock get an Overweight rating from Piper Sandler on August 23, 2024.

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