Chewy Inc (NYSE: CHWY): Reassessing Prospects

Chewy Inc (CHWY) concluded trading on Wednesday at a closing price of $31.86, with 4.25 million shares of worth about $135.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.94% during that period and on December 18, 2024 the price saw a loss of about -5.21%. Currently the company’s common shares owned by public are about 161.52M shares, out of which, 158.09M shares are available for trading.

Stock saw a price change of -2.09% in past 5 days and over the past one month there was a price change of 0.03%. Year-to-date (YTD), CHWY shares are showing a performance of 34.83% which increased to 46.96% 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 5.76 million. The stock is currently trading -3.76% below its 20-day simple moving average (SMA20), while that difference is up 3.12% for SMA50 and it goes to 29.72% higher than SMA200.

Chewy Inc (NYSE: CHWY) currently have 161.52M outstanding shares and institutions hold larger chunk of about 32.10% of that.

The stock has a current market capitalization of $13.02B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 34.46, while it has posted earnings per share of $0.92 in the same period. Its PEG reads 0.85 and has Quick Ratio of 0.35 while making debt-to-equity ratio of 2.43. 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 4.45% while standing at 4.67% over the month.

Stock’s fiscal year EPS is expected to rise by 726.05% while it is estimated to decrease by -34.35% in next year.

Coverage by BofA Securities stated Chewy Inc (CHWY) stock as a Buy in their note to investors on November 20, 2024, suggesting a price target of $40 for the stock. Stock get a Buy rating from TD Cowen on October 09, 2024.

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