Chewy Inc (NYSE: CHWY) Drops -1.05% In Early Trade; What Lies Ahead?

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Chewy Inc (NYSE:CHWY) price is hovering lower on Monday, April 15, dropping -1.05% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $17.64. The company’s P/E ratio in the trailing 12-month period read 191.18. Taking into account the 52-week price action we note that the stock hit a 52-week high of $40.78 and 52-week low of $15.08. The stock added 1.25% on its value in the past month.

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 50% Sell 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.

The overview shows that CHWY’s price is at present 5.01% off the SMA20 and 2.77% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.29, with weekly volatility standing at 4.80%. The indicator jumps to 4.94% when calculated based on the past 30 days. Chewy Inc (NYSE:CHWY)’s beta value is holding at 0.87, while the average true range (ATR) indicator is currently reading 0.83.

An analysis of the Chewy Inc (NYSE:CHWY) stock in terms of its daily trading volume indicates that the 3-month average is 8.94 million.

Current records show that the company has 132.91M in outstanding shares. The insiders’ percentage holdings are 69.91% of outstanding shares while the percentage share held by institutions stands at 23.69%. But the -26.13% 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.

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