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These Numbers Show Just How Powerful Chewy Inc (NYSE: CHWY) Stock Is

Chewy Inc (NYSE:CHWY) price is hovering lower on Tuesday, November 21, dropping -0.41% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $20.58, with intraday deals fluctuating between $20.36 and $21.10. The company’s 5Y monthly beta was ticking 0.96 while its P/E ratio in the trailing 12-month period read 178.22. Taking into account the 52-week price action we note that the stock hit a 52-week high of $52.88 and 52-week low of $16.53. The stock added 21.70% on its value in the past month.

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Chewy Inc, which has a market valuation of $8.82 billion, is expected to release its quarterly earnings report Dec 06, 2023 – Dec 11, 2023. Analysts tracking CHWY have forecast the quarterly EPS to shrink by -0.06 per share this quarter, while the same analysts predict the annual EPS to hit $0.04 for the year 2023 and up to $0.14 for 2025. In this case, analysts estimate an annual EPS growth of -66.70% for the year and 250.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $2.76 billion, with the likely lows of $2.74 billion and highs of $2.82 billion. Staying with the analyst view, there is a consensus estimate of $11.25 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 11.40% above that which the company brought in 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CHWY a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 6.95. The overview shows that CHWY’s price is at present 4.44% off the SMA20 and 8.24% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.17, with weekly volatility standing at 5.08%. The indicator jumps to 4.56% when calculated based on the past 30 days. Chewy Inc (NYSE:CHWY)’s beta value is holding at 0.96, while the average true range (ATR) indicator is currently reading 0.95.

An analysis of the Chewy Inc (NYSE:CHWY) stock in terms of its daily trading volume indicates that the 3-month average is 6.82 million. However, this figure increases on the past 10-day timeline to an average of 5.26 million.

Current records show that the company has 430.33M in outstanding shares. The insiders’ percentage holdings are 72.97% of outstanding shares while the percentage share held by institutions stands at 24.47%. The stats also highlight that short interest as of Oct 30, 2023, stood at 19.83 million shares, which puts the short ratio at the time at 3.08. From this we can glean that short interest is 4.60% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 19.8 million. But the -44.73% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.