Chewy Inc (CHWY) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 5.32 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.76 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $33.82 whereas the lowest price it dropped to was $32.345. The 52-week range on CHWY shows that it touched its highest point at $39.10 and its lowest point at $14.69 during that stretch. It currently has a 1-year price target of $36.30. Beta for the stock currently stands at 1.11.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CHWY was up-trending over the past week, with a rise of 8.61%, but this was up by 3.58% over a month. Three-month performance surged to 4.61% while six-month performance rose 47.08%. The stock gained 66.17% in the past year, while it has gained 41.98% so far this year. A look at the trailing 12-month EPS for CHWY yields 0.92 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.03. This implies an EPS growth rate of 726.05% for this year and -34.35% for next year.

Float and Shares Shorts:

At present, 161.52 million CHWY shares are outstanding with a float of 158.09 million shares on hand for trading. On 2024-11-15, short shares totaled 13.4 million, which was 328.99998 higher than short shares on 1728950400. In addition to Mr. Sumit Singh as the firm’s CEO & Director, Mr. Satish Mehta serves as its Chief Technology Officer.

Institutional Ownership:

Through their ownership of 0.92643 of CHWY’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-28, CHWY reported revenue of $2877635000.0 and operating income of $25632000.0. The EBITDA in the recently reported quarter was $60384000.0 and diluted EPS was $0.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CHWY since 18 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CHWY analysts setting a high price target of 42.0 and a low target of 24.0, the average target price over the next 12 months is 36.22762. Based on these targets, CHWY could surge 25.19% to reach the target high and fall by -28.46% to reach the target low. Reaching the average price target will result in a growth of 7.98% from current levels.

Analysts have provided yearly estimates in a range of -$0.000459389831 being high and -$0.000516813559 being low. For CHWY, this leads to a yearly average estimate of -$0.000484. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.34.